Huafon Microfibre Shanghai Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 458.706 million compared to CNY 842.262 million a year ago. Operating income was CNY 33.361 million compared to CNY 91.272 million a year ago. Net income was CNY 28.228 million compared to CNY 79.308 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.05 a year ago.