Huafon Microfibre(Shanghai) Co.,Ltd. Posted 26.1 Million Yuan Net Loss in First Quarter of 2023

Huafon Microfibre(Shanghai) Co.,Ltd. (上海华峰超纤科技股份有限公司) (300180.SZ) reported a net loss of 26.1 million yuan in the first quarter of 2023, reversing a net profit of 15.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, down 14.9% year-on-year.

At the end of the reporting period, it had 8.1 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 41.5%.