Huafon Chemical Co.,Ltd.
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Huafon Chemical Co.,Ltd. - overview
Established
1999
Location
Ruian, Zhejiang, China
Primary Industry
Materials
About
Established in 1999 and based in Ruian, China, Huafon Chemical Co. ,Ltd. operates as a spandex fiber manufacturer that provides spandex fiber products. The company listed on the Shenzhen Stock Exchange in August 2006 and the stock code is 002064.
The company has many subsidiaries, such as Huafon Chongqing Spandex Co. , Ltd. , Liaoning Huafon Chemical Co. , Ltd.
and Huafon Foreign Trade Co. , Ltd. The company awarded as national torch program key high-tech enterprise, national manufacturing single champion product and national manufacturing single champion demonstration enterprise. The company has 43 invention patents and 18 utility model patents in December 2016.
The company passed the intellectual property management system certification in January 2017. The core research team of the company has master's degree. The company provides spandex fiber products for many industries such as shoemaking, automobiles and construction. The business of the company includes R&D, production and sales of spandex fiber, polyurethane stock solution and refined adipic acid.
The company's products include Qianxi Spandex, Differentiated Spandex and the developing product. Differentiated Spandex includes Recycled Spandex, High Elastic Black Spandex and Acid Dyeable Spandex. The developing product includes Anti-bacterial Spandex, Fragrant Spandex and Biobased Spandex.
Current Investors
Macquarie Bank, China Asset Management, China Life Asset Management
Primary Industry
Materials
Sub Industries
Clothing, Textiles
Website
www.spandex.com.cn
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
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Huafon Chemical Co.,Ltd. - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,414,100,000 | 1,727,300,000 | 2,372,400,000 | 2,361,500,000 | 2,547,400,000 | 2,844,200,000 | 4,149,700,000 | 4,435,700,000 | 13,785,200,000 | - | - | - |
| % Revenue Growth (YoY) | - | 22.1% | 37.3% | (0.5%) | 7.9% | 11.7% | 45.9% | 6.9% | 210.8% | - | - | - |
| EBITDA (USD) | 56,500,000 | (20,200,000) | 301,400,000 | 466,600,000 | 329,700,000 | 141,600,000 | 458,900,000 | 563,100,000 | 2,156,300,000 | - | - | - |
| Operating Income (USD) | 46,500,000 | (22,700,000) | 300,700,000 | 465,000,000 | 307,600,000 | (295,700,000) | 421,300,000 | 504,700,000 | 2,132,200,000 | - | - | - |
| Operating Margin | 3.3% | (1.3%) | 12.7% | 19.7% | 12.1% | (10.4%) | 10.2% | 11.4% | 15.5% | - | - | - |
| % EBITDA Margin | 4.0% | (1.2%) | 12.7% | 19.8% | 12.9% | 5.0% | 11.1% | 12.7% | 15.6% | - | - | - |
| NET Income (USD) | 50,800,000 | 18,400,000 | 276,800,000 | 41,700,000 | 254,100,000 | (303,800,000) | 385,500,000 | 445,200,000 | 1,840,800,000 | - | - | - |
| % Net Margin | 3.6% | 1.1% | 11.7% | 1.8% | 10.0% | (10.7%) | 9.3% | 10.0% | 13.4% | - | - | - |
Huafon Chemical Co.,Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Huafon Chemical Co.,Ltd. | - |
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