Yinbang Clad Material Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 1,003.26 million compared to CNY 858.49 million a year ago. Revenue was CNY 1,003.26 million compared to CNY 858.49 million a year ago.

Net income was CNY 12.37 million compared to CNY 40.53 million a year ago. Basic earnings per share from continuing operations was CNY 0.0134 compared to CNY 0.049 a year ago. Diluted earnings per share from continuing operations was CNY 0.0134 compared to CNY 0.049 a year ago.