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

74,096 61.46 3.62 0.48

- Diluted 74,096 61.37 3.62 0.48

Weighted average number of

ordinary shares

- Basic 771 1,101,031 13,062,500 13,062,500

- Diluted 771 1,102,488 13,062,500 13,062,500

FUWEI FILMS (HOLDINGS) CO., LTD and SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

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

(Audited, amounts in thousands)

2005 2006 2007 2007

RMB RMB RMB US$

Cash flow from operating activities

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

Adjustments to reconcile net income to

net cash (used in)/provided by

operating activities

- Loss/(gain) on disposal of property,

plant and equipment (32) -- -- --

- Depreciation of property, plant and

equipment 23,337 23,425 23,217 3,053

- Amortization of intangible assets 73 72 73 10

- Lease prepayments charged to expense 392 724 741 97

- Deferred income taxes (59) 757 152 20

- Bad debt expense/(recovery) 1,007 (1,143) 1,772 233

- Foreign currency exchange loss 1 53 -- --

Changes in operating assets and

liabilities

- Accounts receivable (21,676) (28,258) 17,335 2,279

- Inventories (6,855) 1,104 (19,659) (2,585)

- Prepaid expenses and other current

assets 4,780 (8,220) 6,698
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SOURCE Fuwei Films (Holdings) Co. Limited
Copyright©2008 PR Newswire.
All rights reserved

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