Ningxia Baofeng Energy Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 3,609.723 million compared to CNY 3,194.153 million a year ago. Operating income was CNY 940.204 million compared to CNY 1,185.335 million a year ago. Net income was CNY 821.805 million compared to CNY 1,020.422 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.15 a year ago.