Shanghai Hongda New Material Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 95.970 million compared to CNY 214.358 million a year ago. Operating loss was CNY 3.056 million compared to operating Income of CNY 5.216 million a year ago. Net loss was CNY 3.050 million compared to net income of CNY 3.991 million a year ago. Basic loss per share from continuing operations was CNY 0.0071 compared to basic earnings per share from continuing operations of CNY 0.0092 a year ago.