Fuwei Films Announces Fourth Quarter and Full Year 2019 Financial Results
Fuwei Films (Holdings) Co., Ltd. - ORDINARY SHARES (FFHL)
US:NASDAQ Investor Relations:
fuweiholdings.com/cn/down.aspx
Company Research
Source: PR Newswire
BEIJING, April 28, 2020 /PRNewswire/ -- Fuwei Films (Holdings) Co., Ltd. (Nasdaq: FFHL) ("Fuwei Films" or the "Company"), a manufacturer and distributor of high-quality BOPET plastic films in China, today announced its financial results for the fourth quarter and full year ended December 31, 2019.4Q 2019 Highlights Net revenues were RMB86.8 million or US$12.5 million, down 3.7% year-over-year. Sales of specialty films were RMB47.7 million or US$6.9 million, up 19.8% year-over-year. Gross margin was 35.7%, compared to 23.7% a year ago. Basic and diluted profit per share was RMB3.17 or US$0.46, compared to loss per share of RMB1.06 a year ago.Full Year 2019 Highlights Net revenues were RMB335.6 million or US$48.2 million, up 0.6% year-over-year. Sales of specialty films were RMB162.4 million or US$23.3 million, up 9.1% year-over-year. Gross margin was 24.9%, compared to 16.4% a year ago. Basic and diluted profit per share was RMB3.48 or US$0.50, compared to loss per share of RMB6.79 a y
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