Huafang Co.,Ltd.’s Net Profit Dropped 64.8% in First Quarter of 2022

Huafang Co.,Ltd. (华纺股份有限公司) (600448.SH) reported a net profit of 1.8 million yuan in the first quarter of 2022, down 64.8% year-on-year.

Meanwhile, the company posted 829.4 million yuan in revenue, up 0.7% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 66.4%.