Huafon Microfibre(Shanghai) Co.,Ltd. Posted 355.8 Million Yuan Net Loss in 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 loss of 355.8 million yuan in 2022, reversing a net profit of 62.1 million yuan for the previous year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 2.3% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 40.4%.