XCMG Construction Machinery Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 23,812.99 million compared to CNY 26,492.12 million a year ago. Revenue was CNY 23,892.91 million compared to CNY 26,492.12 million a year ago.

Net income was CNY 1,523.35 million compared to CNY 2,069.12 million a year ago. Basic earnings per share from continuing operations was CNY 0.129 compared to CNY 0.175 a year ago. Diluted earnings per share from continuing operations was CNY 0.129 compared to CNY 0.175 a year ago.