Panda Dairy Corporation announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 196.847 million compared to CNY 91.734 million a year ago. Operating income was CNY 21.519 million compared to CNY 1.497 million a year ago. Net income was CNY 14.559 million compared to CNY 422,612.77 a year ago. Basic earnings per share from continuing operations was CNY 0.1174 compared to CNY 0.0045 a year ago.