XIANGPIAOPIAO Food Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 430.016 million compared to CNY 836.747 million a year ago. Operating loss was CNY 105.380 million compared to operating Income of CNY 66.632 million a year ago. Net loss was CNY 85.568 million compared to net income of CNY 51.964 million a year ago. Basic loss per share from continuing operations was CNY 0.21 compared to basic earnings per share from continuing operations of CNY 0.12 a year ago.