Motic (Xiamen) Electric Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 298.32 million compared to CNY 348.64 million a year ago. Revenue was CNY 298.32 million compared to CNY 348.64 million a year ago.

Net income was CNY 31.8 million compared to CNY 38.94 million a year ago. Basic earnings per share from continuing operations was CNY 0.0615 compared to CNY 0.0759 a year ago. Diluted earnings per share from continuing operations was CNY 0.0615 compared to CNY 0.0759 a year ago.