Huafang Co.,Ltd.’s Net Profit Dropped 63.2% in First Half of 2022

Huafang Co.,Ltd. (华纺股份有限公司) (600448.SH) reported a net profit of 2.8 million yuan in the first half of 2022, down 63.2% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 8.3% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 66.7%.