Xinlun 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 103 million compared to CNY 152.74 million a year ago. Revenue was CNY 103 million compared to CNY 152.74 million a year ago.

Net loss was CNY 80.56 million compared to CNY 94.42 million a year ago. Basic loss per share from continuing operations was CNY 0.0699 compared to CNY 0.0819 a year ago. Diluted loss per share from continuing operations was CNY 0.0699 compared to CNY 0.0819 a year ago.