Huafon Microfibre Shanghai Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 26, 2021 at 08:10 am EDT
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Huafon Microfibre Shanghai Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 3,219.104 million compared to CNY 3,240.344 million a year ago. Operating loss was CNY 447.763 million compared to operating Income of CNY 172.994 million a year ago. Net loss was CNY 483.895 million compared to net income of CNY 158.368 million a year ago. Basic loss per share from continuing operations was CNY 0.28 compared to basic earnings per share from continuing operations of CNY 0.9 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.