Tsingtao Brewery Company Limited announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 6,292.946 million compared to CNY 7,951.216 million a year ago. Operating income was CNY 765.773 million compared to CNY 1,122.605 million a year ago. Net income was CNY 537.178 million compared to CNY 807.528 million a year ago. Basic earnings per share from continuing operations was CNY 0.398 compared to CNY 0.598 a year ago.