Jiangsu Phoenix Property Investment Company Limited announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 49.543 million compared to CNY 544.387 million a year ago. Operating loss was CNY 34.002 million compared to operating Income of CNY 39.250 million a year ago. Net loss was CNY 35.325 million compared to net income of CNY 26.676 million a year ago. Basic loss per share from continuing operations was CNY 0.0377 compared to basic earnings per share from continuing operations of CNY 0.0285 a year ago.