Qinchuan Machine Tool & Tool Group Share Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 980.97 million compared to CNY 1,007.4 million a year ago. Revenue was CNY 980.97 million compared to CNY 1,007.4 million a year ago.

Net income was CNY 25.5 million compared to CNY 58.1 million a year ago. Basic earnings per share from continuing operations was CNY 0.0252 compared to CNY 0.0646 a year ago. Diluted earnings per share from continuing operations was CNY 0.0252 compared to CNY 0.0646 a year ago.