XGD Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 495.932 million compared to CNY 649.144 million a year ago. Operating income was CNY 47.725 million compared to CNY 67.483 million a year ago. Net income was CNY 43.916 million compared to CNY 60.403 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.13 a year ago.