Huafu Fashion Co.,Ltd. Posted 365.2 Million Yuan Net Loss in 2022

Huafu Fashion Co.,Ltd. (华孚时尚股份有限公司) (002042.SZ) reported a net loss of 365.2 million yuan in 2022, reversing a net profit of 613.5 million yuan for the previous year.

Meanwhile, the company posted 14.5 billion yuan in revenue, down 13.5% year-on-year.

At the end of the reporting period, it had 18.1 billion yuan in total assets and 11.4 billion yuan in total liabilities, with a liability-to-asset ratio of 62.6%.