Guangzhou Zhiguang Electric Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 440.59 million compared to CNY 388.22 million a year ago. Revenue was CNY 440.59 million compared to CNY 388.22 million a year ago.

Net income was CNY 103.45 million compared to net loss of CNY 209.75 million a year ago. Basic earnings per share from continuing operations was CNY 0.1344 compared to basic loss per share from continuing operations of CNY 0.2725 a year ago. Diluted earnings per share from continuing operations was CNY 0.1344 compared to diluted loss per share from continuing operations of CNY 0.2725 a year ago.