Shanghai New Culture Media Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 93.637 million compared to CNY 196.864 million a year ago. Operating income was CNY 41.340 million compared to CNY 77.568 million a year ago. Net income was CNY 36.987 million compared to CNY 67.421 million a year ago. Basic earnings per share from continuing operations was CNY 0.0459 compared to CNY 0.0836 a year ago.