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

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.