Jiangsu Huachen Transformer Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 215.42 million compared to CNY 180.96 million a year ago. Revenue was CNY 215.42 million compared to CNY 180.96 million a year ago.

Net income was CNY 12.54 million compared to CNY 28.66 million a year ago. Basic earnings per share from continuing operations was CNY 0.0784 compared to CNY 0.24 a year ago. Diluted earnings per share from continuing operations was CNY 0.0784 compared to CNY 0.24 a year ago.