Zhejiang Meida Industrial Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 338.68 million compared to CNY 413.28 million a year ago. Revenue was CNY 338.68 million compared to CNY 413.28 million a year ago.

Net income was CNY 100.65 million compared to CNY 121.56 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.19 a year ago. Diluted earnings per share from continuing operations was CNY 0.16 compared to CNY 0.19 a year ago.