Yantai Zhenghai Magnetic Material Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 621.310 million compared to CNY 348.478 million a year ago. Operating income was CNY 28.975 million compared to CNY 12.574 million a year ago. Net income was CNY 29.073 million compared to CNY 13.549 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.02 a year ago.