Shanghai STEP Electric Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 686.32 million compared to CNY 911.04 million a year ago. Revenue was CNY 686.32 million compared to CNY 911.04 million a year ago.

Net loss was CNY 23.47 million compared to net income of CNY 130.04 million a year ago. Basic loss per share from continuing operations was CNY 0.0355 compared to basic earnings per share from continuing operations of CNY 0.197 a year ago. Diluted loss per share from continuing operations was CNY 0.0355 compared to diluted earnings per share from continuing operations of CNY 0.197 a year ago.