Huafon Microfibre(Shanghai) Co.,Ltd. Posted 24.6 Million Yuan Net Loss in First Three Quarters of 2023

Huafon Microfibre(Shanghai) Co.,Ltd. (上海华峰超纤科技股份有限公司) (300180.SZ) reported a net loss of 24.6 million yuan in the first three quarters of 2023, reversing a net profit of 28.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 3.3 billion yuan in revenue, flat year-on-year.

At the end of the reporting period, it had 7.9 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 40.3%.