Huafu Fashion Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 01:03 pm EDT
Share
Huafu Fashion Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 2,306.051 million compared to CNY 3,634.310 million a year ago. Operating loss was CNY 30.481 million compared to operating Income of CNY 195.294 million a year ago. Net loss was CNY 30.441 million compared to net income of CNY 172.109 million a year ago. Basic loss per share from continuing operations was CNY 0.02 compared to basic earnings per share from continuing operations of CNY 0.11 a year ago.
HUAFU FASHION CO., LTD., formerly HUAFU TOP DYED MELANGE YARN CO., LTD, is a China-based company principally engaged in cotton textile industry. The Companyâs main products include yarns and materials. The Companyâs yarn products consist of dyed yarns, semi-worsted yarns, backset spinning yarns, rotor spinning yarns and blank yarns, among others. The Companyâs products are applied in the manufacturing of underwear, casual clothes, business garments, shirts, socks, beddings, towels and decorative fabrics, among others. The Company distributes its products within domestic market and to overseas markets.