Hongbaoli Group Corporation, Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 473.369 million compared to CNY 602.167 million a year ago. Operating income was CNY 32.497 million compared to CNY 28.106 million a year ago. Net income was CNY 24.855 million compared to CNY 20.688 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.03 a year ago.