Spearhead Integrated Marketing Communication Group announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 176.981 million compared to CNY 535.035 million a year ago. Operating loss was CNY 64.981 million compared to CNY 49.456 million a year ago. Net loss was CNY 54.785 million compared to CNY 41.135 million a year ago. Basic loss per share from continuing operations was CNY 0.08 compared to CNY 0.06 a year ago.