Shanghai Mechanical & Electrical Industry Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 3,069.894 million compared to CNY 4,266.937 million a year ago. Operating income was CNY 169.768 million compared to CNY 410.344 million a year ago. Net income was CNY 95.187 million compared to CNY 234.183 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.23 a year ago.