Shenzhen Sinexcel Electric Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 447.84 million compared to CNY 237.56 million a year ago. Revenue was CNY 447.84 million compared to CNY 237.56 million a year ago.

Net income was CNY 62.6 million compared to CNY 22.97 million a year ago. Basic earnings per share from continuing operations was CNY 0.2038 compared to CNY 0.0748 a year ago. Diluted earnings per share from continuing operations was CNY 0.2038 compared to CNY 0.0748 a year ago.