Yutong Heavy Industries Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 627.37 million compared to CNY 740.02 million a year ago. Revenue was CNY 627.37 million compared to CNY 740.02 million a year ago.

Net income was CNY 29.3 million compared to CNY 84.92 million a year ago. Basic earnings per share from continuing operations was CNY 0.0536 compared to CNY 0.1626 a year ago. Diluted earnings per share from continuing operations was CNY 0.0536 compared to CNY 0.1626 a year ago.