02320 HOP FUNG GROUPWatchlist
About HOP FUNG GROUP Company
The Group is mainly engaged in the business of manufacturing and selling corrugated paper products (including corrugated board and corrugated boxes), providing packaging materials for consumer and industrial products to customers in all walks of life. According to customer requirements, the Group can manufacture corrugated board of different sizes, thicknesses, pit shapes, breakage resistance and pressure resistance, as well as corrugated boxes made through processes such as crimping, grooving and stitching. It can also print a variety of colors and patterns on the surface of corrugated boxes with environmentally friendly water-based ink. The Group mainly sells its products to companies in Hong Kong and overseas, and exports its products to mainland companies and factories in Hong Kong and overseas. The Group is committed to supplying high-quality corrugated board to paper agents, suppliers and trading companies. It also provides one-stop professional corrugated box manufacturing and printing services for manufacturers that set up factories in the Mainland and use corrugated boxes as packaging.
HOP FUNG GROUP: Interim Report 2023
Hefeng Group (02320.HK): Loss attributable to shareholders of HK$59.065 million in the first half of the year
Glonghui, August 28, 丨 Hefeng Group (02320.HK) announced that in the six months ended June 30, 2023, it achieved revenue of HK$106 million, a year-on-year decrease of 56.1%; loss during the period attributable to the company owner was HK$59.065 million, a loss of HK$83.149 million for the period covered by the company owner in the same period last year; a basic loss of HK$7.22 per share. In the first half of 2023, revenue decreased by 56.1% due to a decrease in customer demand, which led to a decrease in average selling price and sales volume. The decline in cost of sales is consistent with the decline in revenue. Gross loss from HK 24.1 million
HOP FUNG GROUP: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2023