공시 • Jun 30
Fuling Technology Co., LTD to Report First Half, 2026 Results on Aug 29, 2026 Fuling Technology Co., LTD announced that they will report first half, 2026 results on Aug 29, 2026 New Risk • Jun 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.4% net profit margin). Declared Dividend • Jun 15
Dividend reduced to CN¥0.032 Dividend of CN¥0.032 is 16% lower than last year. Ex-date: 22nd June 2026 Payment date: 22nd June 2026 Dividend yield will be 0.3%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 71% to shift the payout ratio to a potentially unsustainable range, which is more than the 41% EPS decline seen over the last 3 years. New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 10% per year over the past 5 years. High level of non-cash earnings (41% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.4% net profit margin). 공시 • Apr 20
Fuling Technology Co., LTD, Annual General Meeting, May 29, 2026 Fuling Technology Co., LTD, Annual General Meeting, May 29, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wenling, Zhejiang China Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: CN¥0.16 (vs CN¥0.50 in FY 2024) Full year 2025 results: EPS: CN¥0.16 (down from CN¥0.50 in FY 2024). Revenue: CN¥2.05b (down 9.8% from FY 2024). Net income: CN¥91.5m (down 58% from FY 2024). Profit margin: 4.5% (down from 9.7% in FY 2024). The decrease in margin was driven by lower revenue. 공시 • Mar 31
Fuling Technology Co., LTD to Report Q1, 2026 Results on Apr 25, 2026 Fuling Technology Co., LTD announced that they will report Q1, 2026 results on Apr 25, 2026 공시 • Dec 31
Fuling Technology Co., LTD to Report Fiscal Year 2025 Results on Apr 18, 2026 Fuling Technology Co., LTD announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.12 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.02 (down from CN¥0.12 in 3Q 2024). Revenue: CN¥493.5m (down 16% from 3Q 2024). Net income: CN¥11.2m (down 80% from 3Q 2024). Profit margin: 2.3% (down from 9.4% in 3Q 2024). The decrease in margin was driven by lower revenue. 공시 • Sep 30
Fuling Technology Co., LTD to Report Q3, 2025 Results on Oct 31, 2025 Fuling Technology Co., LTD announced that they will report Q3, 2025 results on Oct 31, 2025 공시 • Jul 02
Fuling Technology Co., LTD to Report First Half, 2025 Results on Aug 27, 2025 Fuling Technology Co., LTD announced that they will report first half, 2025 results on Aug 27, 2025 공시 • Apr 23
Fuling Technology Co., LTD Proposes Final Cash Dividend for 2024 Fuling Technology Co., LTD proposed final cash dividend of CNY 0.38000000 per 10 shares (tax included) for 2024. 공시 • Apr 22
Fuling Technology Co., LTD, Annual General Meeting, Jun 03, 2025 Fuling Technology Co., LTD, Annual General Meeting, Jun 03, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Wenling, Zhejiang China Buy Or Sell Opportunity • Apr 14
Now 31% overvalued The stock has been flat over the last 90 days, currently trading at CN¥17.34. The fair value is estimated to be CN¥13.21, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 16%. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥16.19, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 26x in the Consumer Durables industry in China. 공시 • Mar 31
Fuling Technology Co., LTD to Report Q1, 2025 Results on Apr 28, 2025 Fuling Technology Co., LTD announced that they will report Q1, 2025 results on Apr 28, 2025 Buy Or Sell Opportunity • Mar 27
Now 27% overvalued The stock has been flat over the last 90 days, currently trading at CN¥15.21. The fair value is estimated to be CN¥11.97, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 16%. Buy Or Sell Opportunity • Feb 17
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at CN¥14.50. The fair value is estimated to be CN¥12.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 16%. Buy Or Sell Opportunity • Jan 27
Now 29% undervalued The stock has been flat over the last 90 days, currently trading at CN¥14.78. The fair value is estimated to be CN¥20.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last year. Earnings per share has declined by 16%. Board Change • Jan 23
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Xinping Wang is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.