Mubang High-Tech Co.,Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 346.25 million compared to CNY 345.26 million a year ago. Revenue was CNY 346.25 million compared to CNY 345.26 million a year ago.

Net loss was CNY 32.71 million compared to net income of CNY 33.65 million a year ago. Basic loss per share from continuing operations was CNY 0.1 compared to basic earnings per share from continuing operations of CNY 0.1 a year ago. Diluted loss per share from continuing operations was CNY 0.1 compared to diluted earnings per share from continuing operations of CNY 0.1 a year ago.