Teamax Smart City Technology Corporation Limited announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1.089 million compared to CNY 197.737 million a year ago. Operating loss was CNY 53.018 million compared to operating Income of CNY 75.064 million a year ago. Net loss was CNY 76.278 million compared to net income of CNY 58.720 million a year ago. Basic loss per share from continuing operations was CNY 0.0698 compared to basic earnings per share from continuing operations of CNY 0.0537 a year ago.