Shanghai Carthane Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 124.85 million compared to CNY 120.75 million a year ago. Revenue was CNY 124.85 million compared to CNY 120.75 million a year ago.

Net income was CNY 8.16 million compared to CNY 12.39 million a year ago. Basic earnings per share from continuing operations was CNY 0.0615 compared to CNY 0.0923 a year ago. Diluted earnings per share from continuing operations was CNY 0.0615 compared to CNY 0.0923 a year ago.