Zhejiang Guangsha Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1.421 million compared to CNY 16.566 million a year ago. Operating loss was CNY 95.685 million compared to CNY 24.949 million a year ago. Net loss was CNY 70.359 million compared to CNY 24.895 million a year ago. Basic loss per share from continuing operations was CNY 0.08 compared to CNY 0.03 a year ago.