Motorcomm Electronic Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 72.53 million compared to CNY 53.41 million a year ago. Net loss was CNY 54.15 million compared to CNY 26.93 million a year ago.

Basic loss per share from continuing operations was CNY 0.68 compared to CNY 0.4 a year ago. Diluted loss per share from continuing operations was CNY 0.68 compared to CNY 0.4 a year ago.