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Fuwei Films Announces Fourth Quarter and Full Year 2007 Financial Results

-- --

Deferred income tax assets -- -- --

Total current assets 372,001 211,842 29,041

Property, plant and equipment, net 317,690 493,562 67,661

Lease prepayments 23,059 22,290 3,056

Deposits for purchase of property,

plant and equipment 13,900 -- --

Intangible asset, net 109 36 5

Goodwill 10,276 10,276 1,409

Deferred income tax assets 1,047 969 133

Total assets 738,082 738,975 101,304


Current liabilities

Short-term bank loans 239,678 188,027 25,776

Accounts payable 12,809 19,609 2,688

Accrued expenses and other payables 19,497 18,544 2,542

Amounts due to related parties -- --

Deferred income tax liabilities 191 265 36

Total liabilities 272,175 226,445 31,043

Shareholders' equity

Ordinary shares of US$0.129752 par

value; 20,000,000 shares authorized;

771 and 13,062,500 issued and

outstanding as of December 31, 2006

and 2007, respectively 13,323 13,323 1,826

Additional paid-in capital 311,907 311,907 42,759

Accumulated other comprehensive

income 1,785 1,148 157

Retained earnings 138,892 186,152 25,519

Total shareholders' equity 465,907 512,530 70,262

Total liabilities and shareholders'


SOURCE Fuwei Films (Holdings) Co. Limited
Copyright©2008 PR Newswire.
All rights reserved

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