Zhejiang Huafeng Spandex Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2019
October 30, 2019 at 07:37 am EDT
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Zhejiang Huafeng Spandex Co. Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 3,280.374 million compared to CNY 3,361.704 million a year ago. Operating income was CNY 419.811 million compared to CNY 426.781 million a year ago. Net income was CNY 357.077 million compared to CNY 358.815 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.21 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.