Gansu Guofang Industry & Trade Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 203.856 million compared to CNY 796.626 million a year ago. Operating income was CNY 19.469 million compared to CNY 58.227 million a year ago. Net income was CNY 12.631 million compared to CNY 43.295 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.07 a year ago.