Zhejiang Hongchang Electrical Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 173.79 million compared to CNY 161.64 million a year ago. Revenue was CNY 173.79 million compared to CNY 161.64 million a year ago.

Net income was CNY 10.8 million compared to CNY 20.42 million a year ago. Basic earnings per share from continuing operations was CNY 0.1333 compared to CNY 0.3417 a year ago. Diluted earnings per share from continuing operations was CNY 0.1333 compared to CNY 0.3417 a year ago.