Huafon Microfibre(Shanghai) Co.,Ltd.’s Net Profit Dropped 81.8% in First Three Quarters of 2022

Huafon Microfibre(Shanghai) Co.,Ltd. (上海华峰超纤科技股份有限公司) (300180.SZ) reported a net profit of 28.4 million yuan in the first three quarters of 2022, down 81.8% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 6.4% year-on-year.

At the end of the reporting period, it had 8.6 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 39.7%.