Shenzhen Fountain Corporation announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 45.702 million compared to CNY 83.719 million a year ago. Operating loss was CNY 23.370 million compared to CNY 17.391 million a year ago. Net loss was CNY 20.988 million compared to CNY 17.751 million a year ago. Basic loss per share from continuing operations was CNY 0.0198 compared to CNY 0.0168 a year ago.