Xinxing Ductile Iron Pipes Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 11,850.91 million compared to CNY 12,995.71 million a year ago. Revenue was CNY 11,850.91 million compared to CNY 12,995.71 million a year ago.

Net income was CNY 341.18 million compared to CNY 568.81 million a year ago. Basic earnings per share from continuing operations was CNY 0.0855 compared to CNY 0.1425 a year ago. Diluted earnings per share from continuing operations was CNY 0.0855 compared to CNY 0.1425 a year ago.