Red Avenue New Materials Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 665.49 million compared to CNY 571.98 million a year ago. Revenue was CNY 665.49 million compared to CNY 571.98 million a year ago.

Net income was CNY 82.84 million compared to CNY 72 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.12 a year ago.