PhiChem Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 601.69 million compared to CNY 865.4 million a year ago. Revenue was CNY 601.69 million compared to CNY 865.4 million a year ago.

Net income was CNY 72.37 million compared to CNY 138.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.27 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.27 a year ago.