Huafang Co.,Ltd.’s Net Profit Dropped 17.2% in First Half of 2023

Huafang Co.,Ltd. (华纺股份有限公司) (600448.SH) reported a net profit of 2.3 million yuan in the first half of 2023, down 17.2% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 24.8% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.