Xinhu Zhongbao Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 315.84 million compared to CNY 2,108.68 million a year ago. Revenue was CNY 315.84 million compared to CNY 2,108.68 million a year ago.

Net income was CNY 707.68 million compared to CNY 491.58 million a year ago. Basic earnings per share from continuing operations was CNY 0.084 compared to CNY 0.058 a year ago. Diluted earnings per share from continuing operations was CNY 0.084 compared to CNY 0.058 a year ago.