Zhejiang RIFA Precision Machinery Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 534.41 million compared to CNY 473.27 million a year ago. Revenue was CNY 534.41 million compared to CNY 473.27 million a year ago. Net income was CNY 20.33 million compared to CNY 47.18 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.06 a year ago. Diluted earnings per share from continuing operations was CNY 0.02 compared to CNY 0.06 a year ago.