Qifeng New Material Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 882.131 million compared to CNY 509.965 million a year ago. Operating income was CNY 110.037 million compared to CNY 21.219 million a year ago. Net income was CNY 90.068 million compared to CNY 14.144 million a year ago. Basic earnings per share from continuing operations was CNY 0.18 compared to CNY 0.03 a year ago.