Huafu Fashion Co.,Ltd.’s Net Profit Dropped 76% in First Half of 2023

Huafu Fashion Co.,Ltd. (华孚时尚股份有限公司) (002042.SZ) reported a net profit of 72.3 million yuan in the first half of 2023, down 76% year-on-year.

Meanwhile, the company posted 7.8 billion yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 18 billion yuan in total assets and 11.3 billion yuan in total liabilities, with a liability-to-asset ratio of 62.8%.