Hangzhou Weiguang Electronic Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 301.8 million compared to CNY 330.55 million a year ago. Net income was CNY 75.86 million compared to CNY 77.35 million a year ago.

Basic earnings per share from continuing operations was CNY 0.33 compared to CNY 0.34 a year ago.