Shanghai Sinyang Semiconductor Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 260.86 million compared to CNY 245.52 million a year ago. Revenue was CNY 260.86 million compared to CNY 245.52 million a year ago.

Net income was CNY 56.4 million compared to net loss of CNY 13.6 million a year ago. Basic earnings per share from continuing operations was CNY 0.1821 compared to basic loss per share from continuing operations of CNY 0.0434 a year ago. Diluted earnings per share from continuing operations was CNY 0.1821 compared to diluted loss per share from continuing operations of CNY 0.0434 a year ago.