Zhejiang Guyuelongshan Shaoxing Wine Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 512.21 million compared to CNY 563.93 million a year ago. Revenue was CNY 512.21 million compared to CNY 563.93 million a year ago.

Net income was CNY 58.86 million compared to CNY 69.01 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.08 a year ago. Diluted earnings per share from continuing operations was CNY 0.06 compared to CNY 0.08 a year ago.