Hunan Valin Steel Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 23,607.506 million compared to CNY 26,123.796 million a year ago. Operating income was CNY 1,461.138 million compared to CNY 2,030.685 million a year ago. Net income was CNY 1,134.215 million compared to CNY 1,187.914 million a year ago. Basic earnings per share from continuing operations was CNY 0.1851 compared to CNY 0.2814 a year ago.