Wafangdian Bearing Company Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 605.15 million compared to CNY 516.86 million a year ago. Revenue was CNY 605.15 million compared to CNY 516.86 million a year ago.

Net loss was CNY 22.74 million compared to CNY 31.2 million a year ago. Basic loss per share from continuing operations was CNY 0.0565 compared to CNY 0.0775 a year ago. Diluted loss per share from continuing operations was CNY 0.0565 compared to CNY 0.0775 a year ago.