Fuwei Films to Report Its Unaudited Financial Results for the Third Quarter of 2020 on November 23, 2020
Fuwei Films (Nasdaq: FFHL) will release its unaudited financial results for Q3 2020 on November 23, 2020, post-market closure. A teleconference to discuss the results is scheduled for November 24, 2020, at 8:00 a.m. ET. Interested parties can participate by dialing the provided numbers. The company specializes in BOPET films used in packaging for various industries. However, the press release highlights potential risks, such as oversupply in the BOPET market, trade uncertainties, and challenges in product development.
- Scheduled release of Q3 2020 financial results on November 23, 2020.
- Teleconference planned for November 24, 2020, allowing investor engagement.
- Risk of significant oversupply in the BOPET film market.
- Uncertainties surrounding U.S.-China trade relations affecting operations.
- Potential difficulties in developing new BOPET film products.
BEIJING, Nov. 13, 2020 /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 third quarter of 2020 on Monday, November 23, 2020 after the close of the market.
The Company will host a teleconference on Tuesday, November 24, 2020, at 8:00 a.m. ET / 9:00 p.m. Beijing time to discuss the financial results. To participate in the call, please dial +1-844-369-8770 in North America, or +1-862-298-0840 internationally, approximately 5 minutes prior to the scheduled start time.
A replay of the call can also be accessed via telephone by calling +1-877-481-4010 in North America, or +1-919-882-2331 internationally, and entering the following Conference ID: 38820. The replay will be available until December 8, 2020.
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.
For more information, please contact:
In China:
Xiaoli Yu
Investor Relations Officer
+86-133-615-59266
fuweiIR@fuweifilms.com
In the U.S.:
Shiwei Yin
Investor Relations
Grayling
+1-646-284-9474
shiwei.yin@grayling.com
View original content:http://www.prnewswire.com/news-releases/fuwei-films-to-report-its-unaudited-financial-results-for-the-third-quarter-of-2020-on-november-23-2020-301172455.html
SOURCE Fuwei Films (Holdings) Co., Ltd.
FAQ
When will Fuwei Films report its Q3 2020 financial results?
What time is the Fuwei Films teleconference scheduled for?
What is the stock symbol for Fuwei Films?
What risks does Fuwei Films face as mentioned in the press release?
