Jiangsu Rainbow Heavy Industries Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 898.34 million compared to CNY 867.9 million a year ago. Revenue was CNY 898.34 million compared to CNY 867.9 million a year ago. Net income was CNY 49.18 million compared to CNY 93.24 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.1 a year ago. Diluted earnings per share from continuing operations was CNY 0.05 compared to CNY 0.1 a year ago.