Home Top Movers Fuwei Films Holdings Inc. (FFHL) stock rises during pre-market trading. Let’s see...

Fuwei Films Holdings Inc. (FFHL) stock rises during pre-market trading. Let’s see why?

Fuwei Films Holdings Inc. (NASDAQ: FFHL) stock gained by 0.56% at last close while the FFHL stock price surged by 82.71% in the pre-market trading session. Fuwei Films (Shandong), a wholly owned subsidiary of Fuwei Films, currently operates (“Fuwei Shandong”). Fuwei Shandong uses the biaxial oriented stretch technology, often known as BOPET film, to design, produce, and sell high-quality plastic films.

>> 7 Top Picks for the Post-Pandemic Economy << 

Financial Highlights

Fuwei Films Holdings announced its unaudited first quarter 2021 financial results. Given below is the summary:


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


  • For the first quarter 2021, total sales were RMB101.6 million, up from RMB83.2 million forthe same period in 2020 which is a 22.1 percent rise.
  • Specialty film sales accounted for RMB65.0 million, or 63.9 percent of total revenues, compared to RMB39.9 million, or 47.9%, in the same quarter of 2020.
  • The gross profit was RMB42.5 million, with a net margin of 41.8 percent, relative to RMB29.8 million and a gross margin of 35.8 percent in the same period in 2020.
  • FFHL’s net profit attributable to shareholders was RMB31.4 million, up from RMB13.0 million a year before.

Read More

Mr. Lei Yan, Chairman and CEO of Fuwei Films, stated:

Despite market overstock and the current coronavirus epidemic, FFHL saw favorable improvements in overall sales, particularly specialty films, such as base film for dry film, which accounted for 63.9 percent of total revenues. Base film is a distinctive and high-value-added product that is used to make dry film for printed circuit boards. The clients acknowledge the quality of their goods, as seen by the growth in base film sales for dry film. They feel that the increase in orders is also beneficial to FFHL’s financial performance.In the future, they will continue to focus on innovation and a unique marketing approach, as well as extending the range of end-user applications for their films. They will keep working on these initiatives in the hopes of allowing FFHL to take advantage of new possibilities despite the industry’s and economy’s challenges.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

Best Inc. (BEST) stock gains during current market. Here’s the update?

Best Inc. (NASDAQ: BEST) stock rises by 5.45% during the current market. BEST Inc. is a prominent Chinese supplier of comprehensive smart supply chain...

Dolphin Entertainment Inc. (DLPN) stock rises during current market. Let’s find out why?

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock gains by 17.47% to $9.21 today in the current market trading. Dolphin Entertainment is a leading independent entertainment...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Related News

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Here is why GreenSky Inc. (GSKY) shares went up on Friday?

GreenSky Inc. (GSKY) shares were jumped 5.63% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $6.94 per share. in...

Here is why OPKO Health Inc. (OPK) stock plunged on Thursday?

OPKO Health Inc. (OPK) shares lost 7.24% in after-hours on Thursday, July 29, 2021, and closed the daily trading at $3.46 per share. in...

Why Electrameccanica Vehicles Corp. (SOLO) stock performed well on Wednesday?

Electrameccanica Vehicles Corp. (SOLO) shares gained 5.71% in after-hours on Wednesday, July 28, 2021, and closed the daily trading at $3.70 per share. in...

Encore Wire Corporation Inc. (WIRE) stock surges during current market. Here’s to know why?

Encore Wire Corporation Inc. (NASDAQ: WIRE) stock gained by 11.10% in the current market trading session. Encore Wire Corporation is a prominent manufacturer of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam