Yantai Changyu Pioneer Wine Company Limited announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 800.586 million compared to CNY 1,667.424 million a year ago. Operating income was CNY 310.452 million compared to CNY 612.086 million a year ago. Net income was CNY 233.129 million compared to CNY 456.381 million a year ago. Basic earnings per share from continuing operations was CNY 0.34 compared to CNY 0.67 a year ago.