Sinomag Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 253.46 million compared to CNY 259.49 million a year ago. Revenue was CNY 253.46 million compared to CNY 259.49 million a year ago.

Net income was CNY 30.78 million compared to CNY 15.3 million a year ago. Basic earnings per share from continuing operations was CNY 0.2562 compared to CNY 0.13 a year ago. Diluted earnings per share from continuing operations was CNY 0.2562 compared to CNY 0.13 a year ago.