Jiangsu Rainbow Heavy Industries Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 507.611 million compared to CNY 353.257 million a year ago. Operating income was CNY 11.616 million compared to CNY 21.097 million a year ago. Net income was CNY 11.693 million compared to CNY 25.202 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.04 a year ago.