Ningbo Xianfeng New Material Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 49.899 million compared to CNY 145.670 million a year ago. Operating loss was CNY 2.372 million compared to CNY 535,754.9 a year ago. Net loss was CNY 600,905.3 compared to net income of CNY 2.355 million a year ago. Basic loss per share from continuing operations was CNY 0.0013 compared to basic earnings per share from continuing operations of CNY 0.005 a year ago.