Shenzhen Prince New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 359.43 million compared to CNY 355.18 million a year ago. Revenue was CNY 359.43 million compared to CNY 355.18 million a year ago.

Net income was CNY 1.05 million compared to CNY 40.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.0035 compared to CNY 0.1357 a year ago. Diluted earnings per share from continuing operations was CNY 0.0035 compared to CNY 0.1357 a year ago.