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 principally engaged in the production and sales of microfiber materials. The Company's main products include microfiber synthetic leather, microfiber base billets and suede. The Company's products are mainly used in footwear, sofa furniture, luggage, balls, gloves, clothing, automotive interiors and military applications. The Company distributes its products in domestic market and to overseas markets.