Yinchuan Xinhua Commercial Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 2,119.356 million compared to CNY 2,243.348 million a year ago. Operating income was CNY 56.607 million compared to CNY 125.720 million a year ago. Net income was CNY 55.066 million compared to CNY 112.915 million a year ago. Basic earnings per share from continuing operations was CNY 0.24 compared to CNY 0.5 a year ago.