Sineng Electric Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 620.15 million compared to CNY 218.06 million a year ago. Revenue was CNY 620.15 million compared to CNY 218.06 million a year ago.

Net income was CNY 36.52 million compared to CNY 16.12 million a year ago. Basic earnings per share from continuing operations was CNY 0.1049 compared to CNY 0.049 a year ago. Diluted earnings per share from continuing operations was CNY 0.1049 compared to CNY 0.049 a year ago.