Qingdao Weflo Valve Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 119.42 million compared to CNY 95.72 million a year ago. Revenue was CNY 119.42 million compared to CNY 95.72 million a year ago.

Net income was CNY 31.25 million compared to CNY 9.39 million a year ago. Basic earnings per share from continuing operations was CNY 0.1462 compared to CNY 0.0462 a year ago. Diluted earnings per share from continuing operations was CNY 0.1462 compared to CNY 0.0308 a year ago.