Sanxiang Advanced Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 298.01 million compared to CNY 181.83 million a year ago. Revenue was CNY 298.01 million compared to CNY 181.83 million a year ago.

Net income was CNY 36.03 million compared to CNY 30.49 million a year ago. Basic earnings per share from continuing operations was CNY 0.0857 compared to CNY 0.0714 a year ago. Diluted earnings per share from continuing operations was CNY 0.0857 compared to CNY 0.0714 a year ago.