Shahe Industrial Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 389.37 million compared to CNY 142.69 million a year ago. Revenue was CNY 389.37 million compared to CNY 142.69 million a year ago.

Net income was CNY 161.57 million compared to CNY 15.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.67 compared to CNY 0.06 a year ago. Diluted earnings per share from continuing operations was CNY 0.67 compared to CNY 0.06 a year ago.