Shandong Xinchao Energy Corporation Limited announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,212.116 million compared to CNY 1,579.780 million a year ago. Operating income was CNY 317.192 million compared to CNY 966.656 million a year ago. Net income was CNY 253.112 million compared to CNY 748.922 million a year ago. Basic earnings per share from continuing operations was CNY 0.0372 compared to CNY 0.1101 a year ago.