Huafeng Microfiber (300180.SZ): The subsidiary Weifutong's main business is to provide digital financial and marketing service solutions for financial institutions, etc.

Zhitongcaijing · 10/15 12:09

Zhitong Finance App News, Huafeng Microfiber (300180.SZ) announced that from September 25, 2024 to October 15, 2024, the cumulative deviation value of the closing price increase exceeded 100% for 10 consecutive trading days, which is a serious abnormal fluctuation in stock trading.

According to reports, the company is concerned about the business situation of Weifutong Technology Co., Ltd. (“Weifutong”), a wholly-owned subsidiary of the company. The details are as follows: Weifutong's main business is to provide digital financial and marketing service solutions for financial institutions and large enterprises. In the first half of 2024, Weifutong's revenue accounted for about 3% of the total revenue of listed companies during the same period, and operating income and net profit all fell by more than 40% compared to the same period last year.