Shanghai Aerospace Automobile Electromechanical Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 1,393.09 million compared to CNY 2,301.1 million a year ago. Net loss was CNY 47.72 million compared to CNY 23.44 million a year ago.

Basic loss per share from continuing operations was CNY 0.0333 compared to CNY 0.0163 a year ago. Diluted loss per share from continuing operations was CNY 0.0333 compared to CNY 0.0163 a year ago.