Shanghai Lingyun Industries Development Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 23.763 million compared to CNY 26.297 million a year ago. Operating income was CNY 1.308 million compared to CNY 7.748 million a year ago. Net income was CNY 2.157 million compared to CNY 7.448 million a year ago. Basic earnings per share from continuing operations was CNY 0.006 compared to CNY 0.021 a year ago.