Huafon releases operation report for 2022 and Q1 2023

According to Huafon Chemical's 2022 annual report, the total operating income in 2022 was about 25.88 billion yuan, down 8.75% year on year; the net profit belonging to shareholders of listed companies was 2.84 billion yuan, down 64.2% on the year; and basic earnings per share was 0.58 yuan.

During the reporting period, the design capacity of spandex was 225kt/year, the capacity utilization rate was 110.91%, and the capacity under construction was 300kt/year, of which 100kt/year has been entered the trial production stage in 2023. During the reporting period, chemical fiber output was 249543.05 tons and sales were 247830.78 tons, with operating income of about 9.65 billion yuan, accounting for 37.28 percent of total operating income, down 29.45% from 2021; operating costs increased by 19.70% year on year; and gross profit margin decreased by 36.76% on annual basis.

In Q1 2023, the total operating income was 6.192 billion yuan in Huafon, down 15.1% from the same period of last year; the net profit belonging to shareholders of listed companies was 631 million yuan, down 53.65% on the year; and basic earnings per share was 0.13 yuan.