New materials stretches profits at Huafon group

摘要

Wenzhou, Zhejiang - Huafon Spandex, the Shenzhen-listed elastane arm of Chinese polyurethane heavyweight Huafon Group, estimates its unaudited annual net profit will shoot up to between CNY 1.5bn and CNY 1.8bn ($214m to $257m). This compares with CNY 445m annual profit in 2018, the company said.