Asia Cuanon Technology (Shanghai) Co.,Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 294.86 million compared to CNY 491.47 million a year ago. Net loss was CNY 81.73 million compared to CNY 15.96 million a year ago.

Basic loss per share from continuing operations was CNY 0.19 compared to CNY 0.04 a year ago. Diluted loss per share from continuing operations was CNY 0.19 compared to CNY 0.04 a year ago.