Zhejiang Taihua New Material Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 970.5 million compared to CNY 945.28 million a year ago. Revenue was CNY 970.5 million compared to CNY 945.28 million a year ago.

Net income was CNY 74.48 million compared to CNY 114.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.13 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to CNY 0.13 a year ago.