Shanghai Shibei Hi-Tech Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 458.67 million compared to CNY 119.85 million a year ago. Revenue was CNY 458.67 million compared to CNY 119.85 million a year ago. Net income was CNY 77.16 million compared to net loss of CNY 62.42 million a year ago. Basic earnings per share from continuing operations was CNY 0.0412 compared to basic loss per share from continuing operations of CNY 0.0333 a year ago. Diluted earnings per share from continuing operations was CNY 0.0412 compared to diluted loss per share from continuing operations of CNY 0.0333 a year ago.