Ferrotec (An Hui) Technology Development Co.,LTD reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 136.06 million compared to CNY 149.84 million a year ago. Revenue was CNY 136.06 million compared to CNY 149.84 million a year ago.

Net income was CNY 17.57 million compared to CNY 19.89 million a year ago. Basic earnings per share from continuing operations was CNY 0.0519 compared to CNY 0.0784 a year ago. Diluted earnings per share from continuing operations was CNY 0.0519 compared to CNY 0.0784 a year ago.