Fujian Newchoice Pipe Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 47.66 million compared to CNY 68.44 million a year ago. Net loss was CNY 30.46 million compared to CNY 16.43 million a year ago.

Basic loss per share from continuing operations was CNY 0.0295 compared to CNY 0.0159 a year ago. Diluted loss per share from continuing operations was CNY 0.0295 compared to CNY 0.0159 a year ago.