Ningbo Zhongbai Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 296.83 million compared to CNY 179.06 million a year ago. Revenue was CNY 296.83 million compared to CNY 179.06 million a year ago.

Net income was CNY 15.01 million compared to CNY 8.1 million a year ago. Basic earnings per share from continuing operations was CNY 0.067 compared to CNY 0.036 a year ago. Diluted earnings per share from continuing operations was CNY 0.067 compared to CNY 0.036 a year ago.