Shandong Gold Phoenix Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 342.291 million compared to CNY 391.025 million a year ago. Operating income was CNY 25.387 million compared to CNY 45.083 million a year ago. Net income was CNY 25.152 million compared to CNY 40.058 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.19 a year ago.