Huafon Chemical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 08:32 am
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Huafon Chemical Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 7,292.74 million compared to CNY 5,793.98 million a year ago. Revenue was CNY 7,292.74 million compared to CNY 5,793.98 million a year ago. Net income was CNY 1,362.31 million compared to CNY 1,640.05 million a year ago. Basic earnings per share from continuing operations was CNY 0.29 compared to CNY 0.35 a year ago. Diluted earnings per share from continuing operations was CNY 0.29 compared to CNY 0.35 a year ago.
Huafon Chemical Co Ltd, formerly ZHEJIANG HUAFON SPANDEX CO LTD, is a China-based company, principally engaged in the research and development, manufacture, processing and distribution of spandex products, under the brand name of Qianxi. The Company is also engaged in the production, research and development, and sales of fine chemicals such as polyurethane resins and chemical products such as adipic acid.The Company's main products are spandex products. The company's spandex products are applied in underwear, recreational sportswear, swimwear, socks, decorative fabrics and medical bandages. The Company distributes its products within domestic market and to overseas markets.