Hangzhou Advance Gearbox Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 423.17 million compared to CNY 544.89 million a year ago. Net income was CNY 52.35 million compared to CNY 65.59 million a year ago.

Basic earnings per share from continuing operations was CNY 0.1309 compared to CNY 0.164 a year ago. Diluted earnings per share from continuing operations was CNY 0.1309 compared to CNY 0.164 a year ago.