Shanghai Challenge Textile Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 145.449 million compared to CNY 188.540 million a year ago. Operating loss was CNY 2.141 million compared to operating Income of CNY 5.679 million a year ago. Net loss was CNY 4.315 million compared to net income of CNY 3.556 million a year ago. Basic loss per share from continuing operations was CNY 0.0052 compared to basic earnings per share from continuing operations of CNY 0.0043 a year ago.