Nantong Acetic Acid Chemical Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 794.03 million compared to CNY 922.65 million a year ago. Revenue was CNY 794.03 million compared to CNY 922.65 million a year ago.

Net income was CNY 48.98 million compared to CNY 90.8 million a year ago. Basic earnings per share from continuing operations was CNY 0.2395 compared to CNY 0.4441 a year ago. Diluted earnings per share from continuing operations was CNY 0.2393 compared to CNY 0.4441 a year ago.