Mudanjiang Hengfeng Paper Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 499.823 million compared to CNY 382.682 million a year ago. Operating income was CNY 50.624 million compared to CNY 26.313 million a year ago. Net income was CNY 37.960 million compared to CNY 15.930 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.05 a year ago.