Lao Feng Xiang Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 24,558.46 million compared to CNY 18,441.6 million a year ago. Revenue was CNY 24,558.46 million compared to CNY 18,441.6 million a year ago.

Net income was CNY 715.96 million compared to CNY 406.57 million a year ago. Basic earnings per share from continuing operations was CNY 1.3686 compared to CNY 0.7772 a year ago. Diluted earnings per share from continuing operations was CNY 1.3686 compared to CNY 0.7772 a year ago.