Huafeng Microfiber: In the first half of 2022, the revenue was 2.184 billion yuan, a year-on-year increase of 10.55%

Latest News: On August 29, Huafon Microfiber released the 2022 semi-annual report. The report shows that in the first half of 2022, the company achieved operating income of 2.184 billion yuan, a year-on-year increase of 10.55%; the net profit attributable to shareholders of the listed company was 17.7731 million yuan.

During the reporting period, the company’s main products, microfiber bottom blanks, suede materials, and microfiber synthetic leather, achieved operating incomes of 1.065 billion yuan, 206 million yuan, and 221 million yuan respectively. In addition, compared with the same period last year, the production and sales of nylon 6 were added, and the operating income was 406 million yuan.

The report shows that the prosperity of the company’s downstream applications, except for automotive interiors, has declined, and the market has fluctuated violently. However, the company actively adjusted its business strategy, made every effort to expand the market according to the characteristics of each business market, and increased efforts to develop the automotive interiors market. The overall operating income of the fiber business remained stable.

With the rapid development of my country’s economy and the continuous improvement of residents’ living standards, the demand for leather products is increasing. Under the influence of environmental protection and supply, the leather industry is gradually transitioning to microfiber synthetic materials. The microfiber material industry has developed rapidly in recent years. Development prospects are good.

According to public information, Huafeng Microfiber has been focusing on the research and development, production and sales of microfiber materials since its establishment. Microfiber material is a new type of material manufactured through a series of processing techniques on the basis of fully analyzing the microstructure of natural leather. It is similar to natural leather in appearance, structure and performance. The adaptability of automatic tailoring and processing is better than that of natural leather. It is widely used in shoes, bags, sofas, automobile interiors, leather for clothing and other fields, and has broad market application prospects.