Shanghai YongLi Belting Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 347.5 million compared to CNY 449 million a year ago. Revenue was CNY 347.5 million compared to CNY 449 million a year ago.

Net income was CNY 20.98 million compared to CNY 36.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.0257 compared to CNY 0.0449 a year ago. Diluted earnings per share from continuing operations was CNY 0.0257 compared to CNY 0.0449 a year ago.