MeiDu Energy Corporation announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 336.278 million compared to CNY 877.911 million a year ago. Operating income was CNY 231.792 million compared to operating loss of CNY 135.801 million a year ago. Net income was CNY 166.942 million compared to net loss of CNY 76.178 million a year ago. Basic earnings per share from continuing operations was CNY 0.0467 compared to basic loss per share from continuing operations of CNY 0.0213 a year ago.