Shanghai Material Trading Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 893.69 million compared to CNY 2,053.62 million a year ago. Net income was CNY 5.16 million compared to CNY 139.95 million a year ago.

Basic earnings per share from continuing operations was CNY 0.0104 compared to CNY 0.2822 a year ago. Diluted earnings per share from continuing operations was CNY 0.0104 compared to CNY 0.2822 a year ago.