Gemdale Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 6,949.8 million compared to CNY 14,336.94 million a year ago. Revenue was CNY 6,964.09 million compared to CNY 14,359.05 million a year ago.

Net loss was CNY 275.99 million compared to net income of CNY 507.79 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to basic earnings per share from continuing operations of CNY 0.11 a year ago. Diluted loss per share from continuing operations was CNY 0.06 compared to diluted earnings per share from continuing operations of CNY 0.11 a year ago.