Tianyang New Materials (Shanghai) Technology Co., Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 591.82 million compared to CNY 662.95 million a year ago. Revenue was CNY 611.09 million compared to CNY 675.99 million a year ago.

Net income was CNY 1.12 million compared to CNY 32.14 million a year ago. Basic earnings per share from continuing operations was CNY 0.003 compared to CNY 0.1 a year ago. Diluted earnings per share from continuing operations was CNY 0.003 compared to CNY 0.1 a year ago.