North Electro-Optic Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 317.49 million compared to CNY 502.74 million a year ago. Revenue was CNY 317.49 million compared to CNY 502.74 million a year ago.

Net income was CNY 6.51 million compared to CNY 20.14 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.04 a year ago. Diluted earnings per share from continuing operations was CNY 0.01 compared to CNY 0.04 a year ago.