Xinyaqiang Silicon Chemistry Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 226.72 million compared to CNY 329.13 million a year ago. Revenue was CNY 226.72 million compared to CNY 329.13 million a year ago.

Net income was CNY 54.9 million compared to CNY 95.62 million a year ago. Basic earnings per share from continuing operations was CNY 0.24 compared to CNY 0.42 a year ago. Diluted earnings per share from continuing operations was CNY 0.24 compared to CNY 0.42 a year ago.