FFHL Fuwei Films (Holdings) Co. Ltd...
Exchange
NASDAQSector
Capital GoodsIndustry
Specialty ChemicalsMarket Cap.
15.0M
Competitive Industry over the past 8 years
FFHL is likely operating in an industry with medium to low barriers to entry.
This may mean that FFHL doesn't have a characteristic that's hard to replicate, such as exclusive distribution, branding or the ability to keep costs low.
If Gross Margins are at least satisfactory, it's likely that FFHL invests heavily in R&D and Sales, General & Administrative expenses.
Only $8.75 of every $100 of Revenue have been profit, on average over the past 8 years.
Only $8.75 of every $100 of Revenue have been profit, on average over the past 8 years.
Figures in CNY. Fiscal year ends in December
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |||
| Net Income | 14.09M | 57.67M | 67.67M | 45.39M | 18.16M | -18.96M | 40.78M | 21.08M | ||
| divided by | ||||||||||
| Revenue | 81.35M | 349.49M | 436.94M | 431.55M | 447.26M | 320.73M | 501.46M | 537.65M | ||
| Net Profit Margin | 17.33% | 16.50% | 15.49% | 10.52% | 4.06% | -5.91% | 8.13% | 3.92% | ||
Inconsistent Gross Profit Margins over the past 8 years
FFHL has good gross profit margins, however inconsistency of these margins is a cause for concern.
Look at reasons for this inconsistency to determine the likelihood of future sustainability.
$30.20 of every $100 worth of sales have been Gross Profit, on average over the past 8 years.
$30.20 of every $100 worth of sales have been Gross Profit, on average over the past 8 years.
Figures in CNY. Fiscal year ends in December
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |||
| Gross Profit | 17.32M | 87.94M | 102.56M | 95.88M | 70.33M | 24.61M | 130.55M | 537.65M | ||
| divided by | ||||||||||
| Revenue | 81.35M | 349.49M | 436.94M | 431.55M | 447.26M | 320.73M | 501.46M | 537.65M | ||
| Gross Margin | 21.29% | 25.16% | 23.47% | 22.22% | 15.73% | 7.67% | 26.03% | 100.00% | ||
High Capital Intensity over the past 8 years
FFHL spends large amounts of capital buying new equipment or investing in new facilities to stay competitive.
Over the long term, those costs may have to be fuelled by debt.
Look at the growth of Shareholders' Equity to see if this strategy is having a positive or negative impact.
145.10% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
145.10% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in CNY. Fiscal year ends in December
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | |||
| Capital Expenditure | 57.07M | 36.65M | 40.18M | 569,720.00 | 56.09M | 87.76M | 2.95M | 35.94M | ||
| divided by | ||||||||||
| Net Income | 14.09M | 57.67M | 67.67M | 45.39M | 18.16M | -18.96M | 40.78M | 21.08M | ||
| Capital Expenditure Ratio | 404.87% | 63.56% | 59.38% | 1.26% | 308.93% | -462.79% | 7.24% | 170.50% | ||