Minfeng Special Paper Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 307.663 million compared to CNY 373.620 million a year ago. Operating income was CNY 7.778 million compared to CNY 1.314 million a year ago. Net income was CNY 7.817 million compared to CNY 1.749 million a year ago. Basic earnings per share from continuing operations was CNY 0.022 compared to CNY 0.005 a year ago.