Zhejiang Huafeng Spandex Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 11:23 am EDT
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Zhejiang Huafeng Spandex Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 2,624.391 million compared to CNY 3,473.553 million a year ago. Operating income was CNY 320.998 million compared to CNY 393.057 million a year ago. Net income was CNY 272.584 million compared to CNY 330.248 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.08 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 
