Dongguan Development (Holdings) Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 582.46 million compared to CNY 478.92 million a year ago. Revenue was CNY 582.46 million compared to CNY 478.92 million a year ago.

Net income was CNY 252.72 million compared to CNY 170.14 million a year ago. Basic earnings per share from continuing operations was CNY 0.2305 compared to CNY 0.1637 a year ago. Diluted earnings per share from continuing operations was CNY 0.2305 compared to CNY 0.1637 a year ago.