Baota Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 47.501 million compared to CNY 82.865 million a year ago. Operating loss was CNY 20.398 million compared to CNY 19.051 million a year ago. Net loss was CNY 20.566 million compared to CNY 20.741 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to CNY 0.03 a year ago.