Zhejiang Zhaofeng Mechanical and Electronic Co.,Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 517.13 million compared to CNY 685.16 million a year ago. Revenue was CNY 528.14 million compared to CNY 718.33 million a year ago.

Net income was CNY 164.54 million compared to CNY 126.13 million a year ago. Basic earnings per share from continuing operations was CNY 2.33 compared to CNY 1.89 a year ago. Diluted earnings per share from continuing operations was CNY 2.33 compared to CNY 1.89 a year ago.