Fujian Kuncai Material Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 165.421 million compared to CNY 135.562 million a year ago. Operating income was CNY 41.423 million compared to CNY 40.780 million a year ago. Net income was CNY 35.340 million compared to CNY 34.919 million a year ago. Basic earnings per share from continuing operations was CNY 0.0755 compared to CNY 0.0746 a year ago.