Lutian Machinery Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 424.24 million compared to CNY 378.9 million a year ago. Revenue was CNY 424.24 million compared to CNY 378.9 million a year ago.

Net income was CNY 51.32 million compared to CNY 37.3 million a year ago. Basic earnings per share from continuing operations was CNY 0.4143 compared to CNY 0.3 a year ago. Diluted earnings per share from continuing operations was CNY 0.4143 compared to CNY 0.3 a year ago.