Qingdao NovelBeam Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 117.64 million compared to CNY 148.43 million a year ago. Revenue was CNY 117.64 million compared to CNY 148.43 million a year ago.

Net income was CNY 38.44 million compared to CNY 48.46 million a year ago. Basic earnings per share from continuing operations was CNY 0.32 compared to CNY 0.4 a year ago. Diluted earnings per share from continuing operations was CNY 0.32 compared to CNY 0.4 a year ago.