Wuhan Raycus Fiber Laser Technologies Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 701.27 million compared to CNY 583.75 million a year ago. Revenue was CNY 701.27 million compared to CNY 583.75 million a year ago. Net income was CNY 20.9 million compared to CNY 110.1 million a year ago. Basic earnings per share from continuing operations was CNY 0.0372 compared to CNY 0.1961 a year ago. Diluted earnings per share from continuing operations was CNY 0.0371 compared to CNY 0.1961 a year ago.