Shandong Gold Phoenix Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 305.424 million compared to CNY 342.291 million a year ago. Operating loss was CNY 36.395 million compared to operating Income of CNY 25.387 million a year ago. Net loss was CNY 23.568 million compared to net income of CNY 25.152 million a year ago. Basic loss per share from continuing operations was CNY 0.12 compared to basic earnings per share from continuing operations of CNY 0.12 a year ago.