The company's main financial data

[shapanwwuom]

In demand from overseas customers declined, causing the company's performance to decline to a certain extent. From January to June , the company's operating performance resumed growth, mainly due to the continued growth in demand for tableware from domestic tea beverage companies and the resumption of growth in demand for plastic tableware from overseas customers.

From January to September , Fuling’s operating income was 1.706 billion yuan, an increase of 27.71% over the same period last year. From January to September 2024, the company realized a net profit attributable to the parent company’s owners of 164 million yuan, an increase of 0.46% over the same period last year.

In 2024, the company expects operating income to be between 2.18 billion yuan and 2.28 billion yuan, a year-on-year change of 15.41% to 20.71%. The main reasons are: the demand for tableware from domestic tea beverage companies continues to grow, and the demand for plastic tableware from overseas customers has resumed growth.

In 2024, the company expects to achieve a net profit attributable physician data to shareholders of RMB 220 million to RMB 235 million, a year-on-year change of 2.01% to 8.96%; it expects to achieve a net profit attributable to shareholders after deducting non-recurring items of RMB 218 million to RMB 233 million, a year-on-year change of -1.11% to 5.70%.

During the reporting period, the company's comprehensive gross profit margin was 18.07%, 22.30%, 24.92% and 21.42% respectively, which was not significantly different from companies in the same industry; the company's gross profit margin increased in 2022 and 2023, mainly affected by factors such as shipping costs, exchange rate fluctuations, raw material costs and product prices.

Comparison of gross profit margins of companies in the same industry, source: prospectus

Fuling's products are sold in many countries and regions including the United States, China, Canada, Central and South America, etc. Its main direct or end customers include McDonald's, Wendy's, KFC, Burger King, Cha Baidao, Bawang Cha Ji and many other well-known domestic and foreign companies.