Red Avenue New Materials Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 574.381 million compared to CNY 456.873 million a year ago. Operating income was CNY 173.293 million compared to CNY 71.316 million a year ago. Net income was CNY 145.375 million compared to CNY 63.523 million a year ago. Basic earnings per share from continuing operations was CNY 0.25 compared to CNY 0.11 a year ago.