Shanghai Ace Investment & Development Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 381.655 million compared to CNY 329.268 million a year ago. Operating income was CNY 28.395 million compared to CNY 12.159 million a year ago. Net income was CNY 24.241 million compared to CNY 9.348 million a year ago. Basic earnings per share from continuing operations was CNY 0.1837 compared to CNY 0.0708 a year ago.