Huafon Microfibre forecasts increased related-party transactions for 2025

Huafon Microfibre (Shanghai) reported a net profit attributable to shareholders of 19,636,507.28 yuan for Q3 2025, a 64.77% decrease compared to the same period last year. Year-to-date, net profit attributable to shareholders was 95,318,045.88 yuan, down 23.01%. Total assets as of September 30, 2025, stood at 6,313,861,740.09 yuan, a 10.46% decrease from the previous year-end.

The company also announced a revised forecast for its 2025 related-party transactions. The total projected amount for purchasing/selling goods and receiving/providing services from related parties, including Huafon Group and its controlled/invested enterprises, Chongqing Huafon Chemical, Tesca Huafon (Shanghai), and Wifortune Technology and its controlled/invested enterprises, has been increased by 6.73 million yuan. The new aggregate forecast is up to 178.99 million yuan, from the previously projected 172.26 million yuan.

This adjustment is attributed to the ongoing operational needs of the company and its subsidiaries. The transactions are priced at market rates, determined through competitive negotiation, and align with the company's normal business operations. The board approved this increase, with associated directors recusing themselves.