Sobute New Materials Co., Ltd reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 578.61 million compared to CNY 665.62 million a year ago. Revenue was CNY 578.61 million compared to CNY 665.62 million a year ago.

Net income was CNY 21.09 million compared to CNY 40.42 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.1 a year ago.