WuXi Xinje Electric Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 328.73 million compared to CNY 321.32 million a year ago. Revenue was CNY 328.73 million compared to CNY 321.32 million a year ago.

Net income was CNY 40.95 million compared to CNY 74.79 million a year ago. Basic earnings per share from continuing operations was CNY 0.29 compared to CNY 0.53 a year ago. Diluted earnings per share from continuing operations was CNY 0.29 compared to CNY 0.53 a year ago.