Tianyang New Materials (Shanghai) Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 337.05 million compared to CNY 319.08 million a year ago. Revenue was CNY 337.05 million compared to CNY 319.08 million a year ago.

Net income was CNY 3.44 million compared to CNY 1.02 million a year ago. Basic earnings per share from continuing operations was CNY 0.009 compared to CNY 0.003 a year ago. Diluted earnings per share from continuing operations was CNY 0.009 compared to CNY 0.003 a year ago.