Huafu Fashion Co.,Ltd.’s Net Profit Dropped 65.9% in First Quarter of 2023

Huafu Fashion Co.,Ltd. (华孚时尚股份有限公司) (002042.SZ) reported a net profit of 53.8 million yuan in the first quarter of 2023, down 65.9% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, up 9.3% year-on-year.

At the end of the reporting period, it had 18.3 billion yuan in total assets and 11.5 billion yuan in total liabilities, with a liability-to-asset ratio of 63.2%.