Guangdong Fangyuan New Materials Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 803.35 million compared to CNY 404.79 million a year ago. Revenue was CNY 803.35 million compared to CNY 404.79 million a year ago.

Net income was CNY 1.07 million compared to net loss of CNY 2.27 million a year ago.