Maxscend Microelectronics Company Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 711.66 million compared to CNY 1,330.11 million a year ago. Revenue was CNY 711.66 million compared to CNY 1,330.11 million a year ago.

Net income was CNY 116.49 million compared to CNY 459.35 million a year ago. Basic earnings per share from continuing operations was CNY 0.2182 compared to CNY 0.8607 a year ago. Diluted earnings per share from continuing operations was CNY 0.2182 compared to CNY 0.8606 a year ago.