Zhejiang Fenglong Electric Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 111.98 million compared to CNY 175.84 million a year ago. Net income was CNY 0.848025 million compared to CNY 16.59 million a year ago.

Diluted earnings per share from continuing operations was CNY 0.01 compared to CNY 0.08 a year ago.