Fuwei Films Announces Second Quarter and First Half 2019 Unaudited 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, Aug. 22, 2019 /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 unaudited financial results for the three-month and six-month periods ended June 30, 2019.Second Quarter 2019 Financial HighlightsNet sales were RMB88.1 million (US$12.8 million), 10.7% higher compared to RMB79.6 million during the same period in 2018. Sales of specialty films were RMB42.0 million (US$6.1 million) or 47.6% of our total revenues, 36.8% higher compared to RMB30.7 million in the same period of 2018. Overseas sales were RMB14.3 million (US$2.1 million), or 16.3% of total revenues. Our gross profit was RMB18.6 million (US$2.7 million), 173.5% higher compared to RMB6.8 million during the same period in 2018. Gross margin was 21.1%, compared to 8.5% during the same period in 2018. Net profit attributable to the company was RMB1.0 million, compared to net loss o
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