Baota Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 82.865 million compared to CNY 96.146 million a year ago. Operating loss was CNY 19.051 million compared to operating Income of CNY 5.319 million a year ago. Net loss was CNY 20.741 million compared to net income of CNY 6.273 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.01 a year ago.