Ningbo Orient Wires & Cables Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 1,437.88 million compared to CNY 1,816.07 million a year ago. Revenue was CNY 1,437.88 million compared to CNY 1,816.07 million a year ago.

Net income was CNY 255.81 million compared to CNY 278.34 million a year ago. Basic earnings per share from continuing operations was CNY 0.37 compared to CNY 0.4 a year ago. Diluted earnings per share from continuing operations was CNY 0.37 compared to CNY 0.4 a year ago.