Last $0.68 USD
Change Today -0.04 / -5.55%
Volume 21.3K
FFHL On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

fuwei films holdings co ltd (FFHL) Snapshot

Open
$0.70
Previous Close
$0.72
Day High
$0.72
Day Low
$0.67
52 Week High
03/26/14 - $2.24
52 Week Low
12/9/14 - $0.62
Market Cap
8.9M
Average Volume 10 Days
6.9K
EPS TTM
$-0.67
Shares Outstanding
13.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FUWEI FILMS HOLDINGS CO LTD (FFHL)

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fuwei films holdings co ltd (FFHL) Details

Fuwei Films (Holdings) Co., Ltd., through its subsidiary, Fuwei Films (Shandong) Co., Ltd., develops, manufactures, and distributes plastic films using the biaxially- oriented stretch technique in the People’s Republic of China. Its products include printing base films used in printing and lamination applications; stamping foil base films and transfer base films used for the packaging of luxury items, such as cigarettes and alcohol; metallized films or aluminum plating base films used for vacuum aluminum plating for flexible plastic lamination; high-gloss films used for aesthetically enhanced packaging purposes; and heat-sealable films used for construction, printing, and making heat sealable bags. The company’s products also comprise laser holographic base films used as anti-counterfeit film for food, medicine, cosmetics, cigarettes, and alcohol packaging; dry films used in circuit boards, and for nameplate and crafts etching; heat shrinkable films used for special-shaped packaging for beverage and cosmetics; and chemically treated films used to enhance properties, including barrier resistance, printing properties, and electrostatic resistance. Fuwei Films (Holdings) Co., Ltd. markets its biaxially-oriented polyethylene terephthalate film products under the Fuwei Films brand primarily for consumer based packaging, imaging, and electronics and electrical industries, as well as in magnetic products, such as audio and video tapes. Fuwei Films (Holdings) Co., Ltd. exports its products to end-users and distributors primarily in Europe, Asia, and North America. The company was formerly known as Neo-Luck Plastic Holdings Co., Ltd. and changed its name to Fuwei Films (Holdings) Co., Ltd. in April 2005. The company was founded in 2003 and is headquartered in Weifang, the People’s Republic of China. Fuwei Films (Holdings) Co., Ltd. is a subsidiary of Weifang State-owned Assets Operation Administration Company.

259 Employees
Last Reported Date: 04/11/14
Founded in 2003

fuwei films holdings co ltd (FFHL) Top Compensated Officers

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Executives, Board Directors

fuwei films holdings co ltd (FFHL) Key Developments

Fuwei Films (Holdings) Co., Ltd. Receives Non-Compliance Notice From Nasdaq

Fuwei Films (Holdings) Co., Ltd. announced that on December 8, 2014, it received a Nasdaq Staff Deficiency Letter indicating that it is not in compliance with the minimum bid price requirement for continued listing set forth in Listing Rule 5550(a)(2) which requires listed securities to maintain a minimum bid price of $1.00 per share. Fuwei is looking into various options available to the company in order to regain compliance and ensure its continued listing on the Nasdaq. The company intends to actively monitor the bid price for its common stock between now and the end of the grace period. According to the letter from the Nasdaq, Fuwei has been given a grace period of 180 calendar days, starting December 8, 2014, to regain compliance with the minimum bid price requirement. Fuwei can regain compliance if, at any time before the grace period ends, the bid price of its common stock closes at or above $1.00 per share for a minimum of ten consecutive business days. If Fuwei cannot demonstrate compliance by the end of the grace period, the Nasdaq's staff will notify the company that its common stock is subject to delisting. Fuwei may then be eligible for an additional 180 day grace period if it meets the Nasdaq Capital Market's initial listing standards with the exception of the minimum bid price requirement. During the grace period (as may be extended) Fuwei's common stock will continue to trade on the Nasdaq Capital Market.

Fuwei Films (Holdings) Co., Ltd. Announces Management Changes

Fuwei Films (Holdings) Co., Ltd. announced that Mr. Xiaoan He has tendered his resignation as chairman of the board of directors and chief executive officer of the company, effective December 31, 2014, due to personal reasons. Mr. Zengyong Wang, who was previously elected as a new director to the board of directors at the annual general meeting held on December 1, 2014, has been appointed as the new chairman of the board of directors and chief executive officer, effective January 1, 2015. Mr. Zengyong Wang has been a director and vice president of Shandong SNTON Group Co., Ltd. since February 2006, where he has been responsible for SNTON Group's business management affairs, production planning and management and the supply market of SNTON Group's subsidiaries.

Fuwei Films (Holdings) Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Fuwei Films (Holdings) Co., Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net sales were RMB 69,217,000, operating loss was RMB 15,207,000, loss before provision for income taxes was RMB 17,857,000 and net loss attributable to the company was RMB 17,759,000 or RMB 1.36 per basic and diluted share against net sales of RMB 75,890,000, operating loss of RMB 19,483,000, loss before provision for income taxes of RMB 22,820,000 and net loss attributable to the company was RMB 23,203,000 or RMB 1.78 per basic and diluted share for the same period a year ago. Net sales representing a decrease of RMB 6.7 million or 8.8%, mainly due to the reduction in average sales price by 0.9% arising from stronger competition in China and decrease of total sales volumes by 8.0%. For the nine months, net sales were RMB 209,906,000, operating loss was RMB 45,621,000, loss before provision for income taxes was RMB 54,118,000 and net loss attributable to the company was RMB 53,999,000 or RMB 4.13 per basic and diluted share against net sales of RMB 229,868,000, operating loss of RMB 50,242,000, loss before provision for income taxes of RMB 59,247,000 and net loss attributable to the company was RMB 59,470,000 or RMB 4.55 per basic and diluted share for the same period a year ago. Net cash used in operating activities was RMB 18,887,000 against RMB 3,376,000 a year ago. Purchases of property, plant and equipment was RMB 5,396,000 against RMB 328,000 a year ago. Net sales representing a decrease of RMB 20.0 million or 8.7%, mainly due to the reduction in average sales price by 7.8% arising from stronger competition in China and decrease of total sales volumes by 0.9%.

 

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