Zhejiang Xinao Textiles Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 488.273 million compared to CNY 717.005 million a year ago. Operating income was CNY 77.858 million compared to CNY 53.869 million a year ago. Net income was CNY 64.529 million compared to CNY 48.783 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.1 a year ago.