Grace Fabric Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 176.99 million compared to CNY 190.45 million a year ago. Revenue was CNY 176.99 million compared to CNY 190.45 million a year ago. Net income was CNY 15.61 million compared to CNY 29.98 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.03 a year ago. Diluted earnings per share from continuing operations was CNY 0.02 compared to CNY 0.03 a year ago.