Malion New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 523.89 million compared to CNY 610.31 million a year ago. Revenue was CNY 523.89 million compared to CNY 610.31 million a year ago.

Net income was CNY 53.67 million compared to CNY 90.93 million a year ago. Basic earnings per share from continuing operations was CNY 0.0787 compared to CNY 0.1334 a year ago. Diluted earnings per share from continuing operations was CNY 0.0783 compared to CNY 0.1317 a year ago.