Hebei Hengshui Laobaigan Liquor Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 756.426 million compared to CNY 1,149.358 million a year ago. Operating income was CNY 83.311 million compared to CNY 140.866 million a year ago. Net income was CNY 65.738 million compared to CNY 117.488 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.14 a year ago. Diluted earnings per share from continuing operations was CNY 0.07 compared to CNY 0.13 a year ago.