Sino Wealth Electronic Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 288.96 million compared to CNY 464.04 million a year ago. Revenue was CNY 288.96 million compared to CNY 464.04 million a year ago.

Net income was CNY 34.18 million compared to CNY 128.38 million a year ago. Basic earnings per share from continuing operations was CNY 0.101 compared to CNY 0.3801 a year ago. Diluted earnings per share from continuing operations was CNY 0.1007 compared to CNY 0.3797 a year ago.