AVCON Information Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 35.8 million compared to CNY 97.49 million a year ago. Net loss was CNY 30.22 million compared to CNY 2.61 million a year ago.

Basic loss per share from continuing operations was CNY 0.057 compared to CNY 0.0049 a year ago. Diluted loss per share from continuing operations was CNY 0.057 compared to CNY 0.0049 a year ago.