Announcement • Dec 18
Fuwei Films (Holdings) Co., Ltd. Announces Executive Changes Fuwei Films (Holdings) Co., Ltd. (FFHL) announced that Yong Fang will be appointed as the chief financial officer of the Company and Jingjing Cheng, the current chief financial officer of the Company, is expected to resign from such role. This will take place immediately upon the completion of the merger transaction previously announced on July 19, 2022 contemplated by the agreement and plan of merger between Fuwei Films and BaiJiaYun Limited. Fang has served as the CFO of BaiJiaYun Ltd. and its subsidiaries since June 2021. From July 2018 to May 2021, he served as the assistant controller of Sangraf International Inc. and from January 2018 to July 2018, Fang served as the technical accounting manager at SOA Projects Inc. From January 2015 to January 2018, Fang served as the senior auditor at the San Francisco office of Marcum LLP, an independent public accounting & advisory services firms. From January 2014 and January 2015, Fang worked as financial consultant at Murdock and Martel, which provides accounting, finance and human resources services to established and emerging growth companies in Silicon Valley, California. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 18% share price gain to €8.05, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 212% over the past three years. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €7.20, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 8x in the Chemicals industry in Germany. Total returns to shareholders of 193% over the past three years. Reported Earnings • Oct 01
Second quarter 2022 earnings released: EPS: CN¥4.20 (vs CN¥6.07 in 2Q 2021) Second quarter 2022 results: EPS: CN¥4.20 (down from CN¥6.07 in 2Q 2021). Revenue: CN¥88.7m (down 12% from 2Q 2021). Net income: CN¥13.7m (down 31% from 2Q 2021). Profit margin: 15% (down from 20% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €8.25, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 225% over the past three years. Announcement • Aug 20
Fuwei Films (Holdings) Co., Ltd. to Report Q2, 2022 Results on Aug 30, 2022 Fuwei Films (Holdings) Co., Ltd. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 30, 2022 Announcement • Jul 19
Fuwei Films (Holdings) Co., Ltd. (NasdaqCM:FFHL) entered into an agreement to acquire Beijing Baijia Shilian Technology Co., Ltd. Fuwei Films (Holdings) Co., Ltd. (NasdaqCM:FFHL) entered into an agreement to acquire Beijing Baijia Shilian Technology Co., Ltd. on July 18, 2022. Under the terms, Baijiayun will merge with a wholly-owned subsidiary of the Fuwei Films, with Baijiayun being the surviving entity, and the issued and outstanding share capital of Baijiayun will be cancelled in exchange for newly issued shares of the Fuwei Films. Upon completion, the existing Baijiayun shareholders and existing Fuwei Films shareholders will own approximately 96.79% and 3.21%, respectively, of the outstanding shares of the combined company. The deal has been unanimously approved by the Board of Fuwei Films. The deal is subject to approval by shareholders of Fuwei Films and regulatory approvals. The deal is expected to close in the fourth quarter of 2022. Announcement • Jun 16
Fuwei Films (Holdings) Co., Ltd. to Report Q1, 2022 Results on Jun 24, 2022 Fuwei Films (Holdings) Co., Ltd. announced that they will report Q1, 2022 results at 4:00 PM, US Eastern Standard Time on Jun 24, 2022 Reported Earnings • May 01
Full year 2021 earnings released: EPS: CN¥27.32 (vs CN¥6.01 in FY 2020) Full year 2021 results: EPS: CN¥27.32 (up from CN¥6.01 in FY 2020). Revenue: CN¥396.8m (up 18% from FY 2020). Net income: CN¥89.2m (up 355% from FY 2020). Profit margin: 23% (up from 5.8% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
Fuwei Films (Holdings) Co., Ltd. to Report Q4, 2021 Results on Apr 28, 2022 Fuwei Films (Holdings) Co., Ltd. announced that they will report Q4, 2021 results After-Market on Apr 28, 2022 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €6.65, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 11x in the Chemicals industry in Germany. Total returns to shareholders of 282% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €6.65, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 11x in the Chemicals industry in Germany. Total returns to shareholders of 282% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €6.65, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 11x in the Chemicals industry in Germany. Total returns to shareholders of 282% over the past three years. Reported Earnings • Sep 04
Second quarter 2021 earnings released: EPS CN¥6.07 (vs CN¥4.30 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥100.6m (up 21% from 2Q 2020). Net income: CN¥19.8m (up 41% from 2Q 2020). Profit margin: 20% (up from 17% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥7.60, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 25x in the Chemicals industry in Germany. Total returns to shareholders of 230% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 36% share price gain to CN¥9.95, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 24x in the Chemicals industry in Germany. Total returns to shareholders of 309% over the past three years. Reported Earnings • Jun 29
First quarter 2021 earnings released: EPS CN¥9.60 (vs CN¥3.97 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥101.6m (up 22% from 1Q 2020). Net income: CN¥31.4m (up 142% from 1Q 2020). Profit margin: 31% (up from 16% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥7.45, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 25x in the Chemicals industry in Germany. Total returns to shareholders of 188% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥7.85, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 22x in the Chemicals industry in Germany. Total returns to shareholders of 178% over the past three years. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS CN¥6.01 (vs CN¥3.48 in FY 2019) The company reported a solid full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: CN¥336.8m (flat on FY 2019). Net income: CN¥19.6m (up 73% from FY 2019). Profit margin: 5.8% (up from 3.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥7.70, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 26x in the Chemicals industry in Germany. Total returns to shareholders of 250% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥9.05, the stock is trading at a trailing P/E ratio of 4.6x, up from the previous P/E ratio of 3.8x. This compares to an average P/E of 25x in the Chemicals industry in Germany. Total returns to shareholders over the past three years are 239%. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥9.95, the stock is trading at a trailing P/E ratio of 5.3x, up from the previous P/E ratio of 4.5x. This compares to an average P/E of 28x in the Chemicals industry in Germany. Total returns to shareholders over the past three years are 275%. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CN¥6.65, the stock is trading at a trailing P/E ratio of 3.4x, down from the previous P/E ratio of 4.3x. This compares to an average P/E of 28x in the Chemicals industry in Germany. Total returns to shareholders over the past three years are 125%. Is New 90 Day High Low • Dec 30
New 90-day high: €9.95 The company is up 229% from its price of €3.02 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥9.35, the stock is trading at a trailing P/E ratio of 4.3x, up from the previous P/E ratio of 3.6x. This compares to an average P/E of 27x in the Chemicals industry in Germany. Total returns to shareholders over the past three years are 280%. Announcement • Dec 24
Huizhou Yidu Yuzheng Digital Technology Co. LTD won an auction to acquire Dornier Production Line of Fuwei Films (Holdings) Co Ltd for approximately CNY 130 million. Huizhou Yidu Yuzheng Digital Technology Co. LTD won an auction to acquire Dornier Production Line of Fuwei Films (Holdings) Co Ltd for approximately CNY 140 million on December 23, 2020. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 30% share price gain to CN¥6.75, the stock is trading at a trailing P/E ratio of 3.6x, up from the previous P/E ratio of 2.8x. This compares to an average P/E of 27x in the Chemicals industry in Germany. Total returns to shareholders over the past three years are 191%. Is New 90 Day High Low • Dec 11
New 90-day high: €5.30 The company is up 84% from its price of €2.88 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 18% share price gain to CN¥5.25, the stock is trading at a trailing P/E ratio of 2.6x, up from the previous P/E ratio of 2.2x. This compares to an average P/E of 27x in the Chemicals industry in Germany. Total returns to shareholders over the past three years are 138%. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS CN¥4.13 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥84.3m (up 5.9% from 3Q 2019). Net income: CN¥13.5m (up 292% from 3Q 2019). Profit margin: 16% (up from 4.3% in 3Q 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 19% share price gain to CN¥5.10, the stock is trading at a trailing P/E ratio of 2.9x, up from the previous P/E ratio of 2.5x. This compares to an average P/E of 27x in the Chemicals industry in Germany. Total returns to shareholders over the past three years are 110%. Is New 90 Day High Low • Nov 24
New 90-day high: €5.10 The company is up 11% from its price of €4.58 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period. Announcement • Sep 24
Fuwei Films (Holdings) Co., Ltd. Announces Board and Audit Committee Changes On September 16, 2020, the Board of Directors of Fuwei Films (Holdings) Co., Ltd. accepted Mr. Jiangua Zhang's resignation as the Company's director and as a member of the Audit Committee, effective September 21, 2020 and appointed Mr. Lihang Geng to serve as a member of the Board of Directors of the Company. In addition, the Board of Directors appointed Mr. Geng to serve as a member of the Audit Committee, effective September 22, 2020. The resignation of Mr. Zhang was not due to any disagreements between Mr. Zhang and the Company on any matter relating to the Company's operations, policies or practices. Mr. Lihang Geng has been the professor and doctoral supervisor of Civil, Commercial and Economic Law School in China University of Political Science and Law since May 2017. Announcement • Aug 26
Fuwei Films (Holdings) Co., Ltd. to Report Q2, 2020 Results on Sep 03, 2020 Fuwei Films (Holdings) Co., Ltd. announced that they will report Q2, 2020 results at 5:00 PM, China Standard Time on Sep 03, 2020 Announcement • Jul 18
Fuwei Films (Holdings) Co., Ltd. Announces Executive Changes Fuwei Films (Holdings) Co., Ltd. announced that Mr. Zengyong Wang had given notice of his resignation dated July 10, 2020, as the company's Chief Executive Officer, effective July 20, 2020. The Board of Directors of the company accepted Mr. Wang's resignation on July 10, 2020 and appointed Mr. Lei Yan to serve as the company's Chief Executive Officer effective July 21, 2020. Mr. Lei Yan has been the President of Shanghai Meicheng Enterprise Management Co., Ltd., since January 2020, where he is responsible for overall business management. Since April 2019, Mr. Yan has been the Director and President of Shandong Shengjia Industrial Park Management Co., Ltd., where he oversees business management. Announcement • Jun 16
Fuwei Films (Holdings) Co., Ltd. to Report Q1, 2020 Results on Jun 22, 2020 Fuwei Films (Holdings) Co., Ltd. announced that they will report Q1, 2020 results at 5:00 PM, China Standard Time on Jun 22, 2020 
