Hunan Valin Steel Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 39,762.22 million compared to CNY 40,963.42 million a year ago. Revenue was CNY 39,894.27 million compared to CNY 41,105.46 million a year ago.

Net income was CNY 688.53 million compared to CNY 2,111.48 million a year ago. Basic earnings per share from continuing operations was CNY 0.0997 compared to CNY 0.3056 a year ago. Diluted earnings per share from continuing operations was CNY 0.0997 compared to CNY 0.3056 a year ago.