Red phase INC. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 64.96 million compared to CNY 326.68 million a year ago. Net loss was CNY 32.79 million compared to net income of CNY 42.36 million a year ago.

Basic loss per share from continuing operations was CNY 0.0906 compared to basic earnings per share from continuing operations of CNY 0.1171 a year ago. Diluted loss per share from continuing operations was CNY 0.0906 compared to diluted earnings per share from continuing operations of CNY 0.1171 a year ago.