Mubang High-Tech Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 345.26 million compared to CNY 85.93 million a year ago. Revenue was CNY 345.26 million compared to CNY 85.93 million a year ago.

Net income was CNY 33.65 million compared to net loss of CNY 9.11 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to basic loss per share from continuing operations of CNY 0.03 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to diluted loss per share from continuing operations of CNY 0.03 a year ago.