Luoyang Xinqianglian Slewing Bearing Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 506.03 million compared to CNY 643.88 million a year ago. Revenue was CNY 506.03 million compared to CNY 643.88 million a year ago.

Net income was CNY 44.33 million compared to CNY 97.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.3 a year ago. Diluted earnings per share from continuing operations was CNY 0.13 compared to CNY 0.3 a year ago.