Shahe Industrial Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 142.69 million compared to CNY 8.09 million a year ago. Revenue was CNY 142.69 million compared to CNY 8.09 million a year ago. Net income was CNY 15.7 million compared to net loss of CNY 9.43 million a year ago. Basic earnings per share from continuing operations was CNY 0.0667 compared to basic loss per share from continuing operations of CNY 0.0417 a year ago. Diluted earnings per share from continuing operations was CNY 0.0667 compared to diluted loss per share from continuing operations of CNY 0.0417 a year ago.