Huafon Microfibre Shanghai Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 07:59 am EDT
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Huafon Microfibre Shanghai Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 2,091.245 million compared to CNY 2,293.735 million a year ago. Operating income was CNY 183.034 million compared to CNY 117.024 million a year ago. Net income was CNY 158.318 million compared to CNY 103.803 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.06 a year ago.
Huafon Microfibre Shanghai Co Ltd is a China-based company primarily engaged in the research and development, production and sales of microfiber materials. The Company mainly operates two businesses. The microfiber business mainly engages in the production and sales of microfiber bases, suede materials, microfiber synthetic leathers, nylon 6 and other products, applied to shoes making, bags, sofas, car interiors, clothing leather and other industries. The Swiftpass business mainly engages in the technology development business, mobile payment profit sharing business, value-added business, advertising business, the sales of mobile payment terminals and other businesses through its subsidiary company. The Company conducts its business in the domestic and overseas markets.