Beijing Beimo High-tech Frictional Material Co.,Ltd reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 240.05 million compared to CNY 314.66 million a year ago. Revenue was CNY 240.05 million compared to CNY 314.66 million a year ago.

Net income was CNY 73.41 million compared to CNY 135.02 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.41 a year ago. Diluted earnings per share from continuing operations was CNY 0.22 compared to CNY 0.41 a year ago.