May 03, 2023 08:00 AM

Huafang Co.,Ltd.’s Net Profit Dropped 25.6% in First Quarter of 2023

00:00

00:00/00:00

Listen to this article 1x

Huafang Co.,Ltd. (华纺股份有限公司) (600448.SH) reported a net profit of 1.3 million yuan in the first quarter of 2023, down 25.6% year-on-year.

Meanwhile, the company posted 636.4 million yuan in revenue, down 23.3% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Saudi Power Giant ACWA Bets Big on China’s Renewable Energy Market

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently