Ningbo Zhongbai Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 160.304 million compared to CNY 265.564 million a year ago. Operating income was CNY 2.513 million compared to CNY 16.026 million a year ago. Net loss was CNY 7.465 million compared to net income of CNY 12.053 million a year ago. Basic loss per share from continuing operations was CNY 0.033 compared to basic earnings per share from continuing operations of CNY 0.054 a year ago.