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Fuwei Films Announces Fourth Quarter and Full Year 2007 Financial Results
Date:4/14/2008

738,082 739,975 101,304

FUWEI FILMS (HOLDINGS) CO., LTD and SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

For the years ended December 31, 2005, 2006 and 2007

(Audited, amounts in thousands, except share and per share data)

2005 2006 2007

RMB RMB RMB US$

Revenues, net 346,205 436,884 449,373 59,083

Cost of goods sold (259,090) (334,341) (349,531) (45,956)

Gross profit 87,115 102,543 99,842 13,127

Operating expenses

- Distribution expenses (10,517) (16,483) (15,061) (1,980)

- Administrative expenses (10,599) (8,043) (20,515) (2,698)

Total operating expenses (21,116) (24,526) (35,576) (4,678)

Operating income 65,999 78,017 64,266 8,450

Other income/(expense)

- Interest income 863 43 589 77

- Interest expense (13,747) (12,884) (13,233) (1,739)

- Sales of scrap materials 3,596 3,639

- Others, net 358 (393) 319 42

Total other income/(expense) (8,930) (9,595) (12,325) (1,620)

Income before income tax

benefit/(expense) 57,069 68,422 51,941 6,829

Income tax benefit/(expense) 59 (757) (4,681) (615)

Net income 57,128 67,665 47,260 6,214

Other comprehensive income

- Foreign currency

translation adjustments 1,732 53 (637) --

Comprehensive income 58,860 67,718 46,623 6,214

Earnings per share

- Basic
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SOURCE Fuwei Films (Holdings) Co. Limited
Copyright©2008 PR Newswire.
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