Huafon Chemical Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 12, 2021 at 06:47 am EDT
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Huafon Chemical Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 14,670.039 million compared to CNY 13,785.247 million a year ago. Operating income was CNY 2,658.354 million compared to CNY 2,132.208 million a year ago. Net income was CNY 2,278.037 million compared to CNY 1,841.482 million a year ago. Basic earnings per share from continuing operations was CNY 0.49 compared to CNY 0.43 a year ago.
Huafon Chemical Co Ltd, formerly ZHEJIANG HUAFON SPANDEX CO LTD, is a China-based company, principally engaged in the research and development, manufacture, processing and distribution of spandex products, under the brand name of Qianxi. The Company is also engaged in the production, research and development, and sales of fine chemicals such as polyurethane resins and chemical products such as adipic acid.The Company's main products are spandex products. The company's spandex products are applied in underwear, recreational sportswear, swimwear, socks, decorative fabrics and medical bandages. The Company distributes its products within domestic market and to overseas markets.
HUAFON CHEMICAL CO.,LTD 
