Shandong Weida Machinery Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 451.7 million compared to CNY 767.58 million a year ago. Revenue was CNY 451.7 million compared to CNY 767.58 million a year ago.

Net income was CNY 16.13 million compared to CNY 64.22 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.15 a year ago. Diluted earnings per share from continuing operations was CNY 0.04 compared to CNY 0.15 a year ago.