Huafon Microfibre Shanghai Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 11:59 am
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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 principally engaged in the production and sales of microfiber materials. The Company's main products include microfiber synthetic leather, microfiber base billets and suede. The Company's products are mainly used in footwear, sofa furniture, luggage, balls, gloves, clothing, automotive interiors and military applications. The Company distributes its products in domestic market and to overseas markets.
HUAFON MICROFIBRE (SHANGHAI) CO., LTD. 
