Huafon Microfibre Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 07:30 am EDT
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Huafon Microfibre (Shanghai) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,160.29 million compared to CNY 980.71 million a year ago. Revenue was CNY 1,160.29 million compared to CNY 980.71 million a year ago. Net income was CNY 14.73 million compared to CNY 83.23 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.05 a year ago. Diluted earnings per share from continuing operations was CNY 0.01 compared to CNY 0.05 a year ago.
Huafon Microfibre (Shanghai) Co., Ltd. is a China-based company principally engaged in the production and sales of microfiber materials. The Company's main products include microfiber synthetic leather, microfiber base billets and suede. The Company's products are mainly used in footwear, sofa furniture, luggage, balls, gloves, clothing, automotive interiors and military applications. The Company distributes its products in domestic market and to overseas markets.