Kangde Xin Composite Material Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 223.702 million compared to CNY 537.266 million a year ago. Operating loss was CNY 210.775 million compared to CNY 303.118 million a year ago. Net loss was CNY 215.302 million compared to CNY 305.954 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to CNY 0.09 a year ago.