Hangzhou Advance Gearbox Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 363.346 million compared to CNY 394.048 million a year ago. Operating income was CNY 9.250 million compared to CNY 13.253 million a year ago. Net income was CNY 3.944 million compared to CNY 7.289 million a year ago. Basic earnings per share from continuing operations was CNY 0.0099 compared to CNY 0.0182 a year ago.