Huafon Microfibre (Shanghai) Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 987.45 million compared to CNY 1,160.29 million a year ago. Revenue was CNY 987.45 million compared to CNY 1,160.29 million a year ago.

Net loss was CNY 26.22 million compared to net income of CNY 14.73 million a year ago. Basic loss per share from continuing operations was CNY 0.015 compared to basic earnings per share from continuing operations of CNY 0.01 a year ago. Diluted loss per share from continuing operations was CNY 0.015 compared to diluted earnings per share from continuing operations of CNY 0.01 a year ago.