Guoxuan High-Tech Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 729.517 million compared to CNY 1,751.984 million a year ago. Operating income was CNY 37.162 million compared to CNY 223.147 million a year ago. Net income was CNY 33.629 million compared to CNY 201.545 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.18 a year ago.