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 primarily engaged in the research and development, production and sales of microfiber materials. The Company mainly operates two businesses. The microfiber business mainly engages in the production and sales of microfiber bases, suede materials, microfiber synthetic leathers, nylon 6 and other products, applied to shoes making, bags, sofas, car interiors, clothing leather and other industries. The Swiftpass business mainly engages in the technology development business, mobile payment profit sharing business, value-added business, advertising business, the sales of mobile payment terminals and other businesses through its subsidiary company. The Company conducts its business in the domestic and overseas markets.