Zhejiang RIFA Precision Machinery Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 465.774 million compared to CNY 471.706 million a year ago. Operating income was CNY 46.172 million compared to CNY 61.612 million a year ago. Net income was CNY 31.879 million compared to CNY 42.207 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.06 a year ago.