Kangxin New Materials Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 166.066 million compared to CNY 531.949 million a year ago. Operating loss was CNY 25.576 million compared to operating Income of CNY 147.993 million a year ago. Net loss was CNY 25.661 million compared to net income of CNY 138.562 million a year ago. Basic loss per share from continuing operations was CNY 0.02 compared to basic earnings per share from continuing operations of CNY 0.13 a year ago.