Shanghai Laiyifen Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 1,212.47 million compared to CNY 1,315 million a year ago. Revenue was CNY 1,212.47 million compared to CNY 1,315 million a year ago.

Net income was CNY 71.21 million compared to CNY 92.53 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.28 a year ago. Diluted earnings per share from continuing operations was CNY 0.21 compared to CNY 0.28 a year ago.