Xiangcai Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was CNY 563.22 million compared to CNY 1,298.03 million a year ago. Net income was CNY 152.86 million compared to net loss of CNY 62.09 million a year ago.

Basic earnings per share from continuing operations was CNY 0.0535 compared to basic loss per share from continuing operations of CNY 0.0217 a year ago. Diluted earnings per share from continuing operations was CNY 0.0535 compared to diluted loss per share from continuing operations of CNY 0.0217 a year ago.