Netac Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 418.47 million compared to CNY 498.17 million a year ago. Revenue was CNY 418.47 million compared to CNY 498.17 million a year ago. Net income was CNY 8.38 million compared to CNY 24.67 million a year ago. Basic earnings per share from continuing operations was CNY 0.0418 compared to CNY 0.1231 a year ago. Diluted earnings per share from continuing operations was CNY 0.0418 compared to CNY 0.1231 a year ago.