Shanghai Milkground Food Tech Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 950.926 million compared to CNY 395.263 million a year ago. Operating income was CNY 46.899 million compared to CNY 9.347 million a year ago. Net income was CNY 32.029 million compared to CNY 10.148 million a year ago. Basic earnings per share from continuing operations was CNY 0.0775 compared to CNY 0.0248 a year ago.