Fuwei Films to Report Its Unaudited Financial Results for the Fourth Quarter and Full Year of 2021 on Thursday, April 28, 2022
Fuwei Films (Nasdaq: FFHL) will release its unaudited financial results for Q4 and the full year 2021 on April 28, 2022, after market close. The Company specializes in BOPET plastic films, widely utilized across numerous industries including food and electronics. Fuwei recognizes several risks, including potential oversupply in the BOPET market, trade barriers due to international relations, and fluctuations in raw material prices. The Company emphasizes that actual results may significantly differ from estimates provided.
- Announcement of Q4 and full year 2021 financial results set for April 28, 2022.
- Risks associated with oversupply in the BOPET film market due to capacity growth.
- Potential adverse effects from international trade barriers and anti-dumping duties.
- Fluctuations in raw material prices affecting production costs.
BEIJING, April 20, 2022 /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 that the Company will report its unaudited financial results for the fourth quarter and full year of 2021 on Thursday, April 28, 2022 after the close of the market.
About Fuwei Films
Fuwei Films develops, manufactures and distributes high-quality plastic films using the biaxial oriented stretch technique, also known as BOPET film. Fuwei's BOPET film is widely used to package food, medicine, cosmetics, tobacco, and alcohol, as well as in the imaging, electronics, and magnetic products industries.
Safe Harbor
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are subject to risks. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the U.S. Securities and Exchange Commission which, among other things, include the significant oversupply of BOPET films resulting from the rapid growth of the Chinese BOPET industry capacity, changes in the international market and trade barriers, especially the uncertainty of the antidumping investigation and imposition of an anti-dumping duty on imports of the BOPET films originating from the People's Republic of China ("China") conducted by certain countries; uncertainty around U.S.-China trade war and its effect on the Company's operation, fluctuations of the RMB exchange rate, and our ability to obtain adequate financing for our planned capital expenditure requirements; uncertainty as to our ability to continuously develop new BOPET film products and keep up with changes in BOPET film technology; risks associated with possible defects and errors in our products; uncertainty as to our ability to protect and enforce our intellectual property rights; uncertainty as to our ability to attract and retain qualified executives and personnel; and uncertainty in acquiring raw materials on time and on acceptable terms, particularly in view of the volatility in the prices of petroleum products in recent years. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. Actual results of our operations may differ materially from information contained in the forward-looking statements as a result of the risk factors.
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SOURCE Fuwei Films
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