Zhejiang Kaier New Materials Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 34.973 million compared to CNY 147.533 million a year ago. Operating income was CNY 53.722 million compared to CNY 10.232 million a year ago. Net income was CNY 47.483 million compared to CNY 9.242 million a year ago. Basic earnings per share from continuing operations was CNY 0.1721 compared to CNY 0.0325 a year ago.