JL Mag Rare-Earth Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 413.131 million compared to CNY 358.860 million a year ago. Operating income was CNY 42.454 million compared to CNY 31.417 million a year ago. Net income was CNY 35.762 million compared to CNY 26.359 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.06 a year ago.