Zhejiang Canaan Technology Limited reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 210.18 million compared to CNY 167.97 million a year ago. Revenue was CNY 210.18 million compared to CNY 167.97 million a year ago. Net income was CNY 18.09 million compared to CNY 10.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.0353 compared to CNY 0.0235 a year ago. Diluted earnings per share from continuing operations was CNY 0.0353 compared to CNY 0.0235 a year ago.