Zhejiang Guyuelongshan Shaoxing Wine Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 365.692 million compared to CNY 630.083 million a year ago. Operating income was CNY 61.224 million compared to CNY 93.738 million a year ago. Net income was CNY 46.387 million compared to CNY 70.395 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.09 a year ago.