Sinosteel Luonai Materials Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 532.94 million compared to CNY 690.96 million a year ago. Revenue was CNY 532.94 million compared to CNY 690.96 million a year ago.

Net income was CNY 9.03 million compared to CNY 29.44 million a year ago. Basic earnings per share from continuing operations was CNY 0.008 compared to CNY 0.0262 a year ago. Diluted earnings per share from continuing operations was CNY 0.008 compared to CNY 0.0262 a year ago.