Comparison of gross profit margins of companies in the same industry, source
Posted: Tue Feb 11, 2025 5:56 am
In 2024, the company expects operating income to be between 2.18 billion yuan and 2.28 billion yuan, a year-on-year change of 15.41% to 20.71%. The main reasons are: the demand for tableware from domestic tea beverage companies continues to grow, and the demand for plastic tableware from overseas customers has resumed growth.
In 2024, the company expects to achieve a net profit attributable to shareholders of RMB 220 million to RMB 235 million, a year-on-year change of 2.01% to 8.96%; it expects to achieve a net profit attributable to shareholders after deducting non-recurring items of RMB 218 million to RMB 233 million, a year-on-year change of -1.11% to 5.70%.
During the reporting period, the company's comprehensive paytm data gross profit margin was 18.07%, 22.30%, 24.92% and 21.42% respectively, which was not significantly different from companies in the same industry; the company's gross profit margin increased in 2022 and 2023, mainly affected by factors such as shipping costs, exchange rate fluctuations, raw material costs and product prices.
Fuling's products are sold in many countries and regions including the United States, China, Canada, Central and South America, etc. Its main direct or end customers include McDonald's, Wendy's, KFC, Burger King, Cha Baidao, Bawang Cha Ji and many other well-known domestic and foreign companies.
At present, the concentration of daily plastic manufacturing industry such as plastic tableware is low, and the entry threshold of low-end products is low. Except for some enterprises with outstanding scale and strength, most enterprises are small in scale, and family workshop-style enterprises are still common. Enterprises mainly compete for market share on price, which has caused certain adverse effects on the development of the industry.
After the funds raised from this issuance by Fuling Co., Ltd. are in place, they will be mainly used for technical transformation projects with an annual output of 20,000 tons of recyclable plastic products, 20,000 tons of biodegradable plastic products, R&D center upgrade projects and to supplement working capital.
In 2024, the company expects to achieve a net profit attributable to shareholders of RMB 220 million to RMB 235 million, a year-on-year change of 2.01% to 8.96%; it expects to achieve a net profit attributable to shareholders after deducting non-recurring items of RMB 218 million to RMB 233 million, a year-on-year change of -1.11% to 5.70%.
During the reporting period, the company's comprehensive paytm data gross profit margin was 18.07%, 22.30%, 24.92% and 21.42% respectively, which was not significantly different from companies in the same industry; the company's gross profit margin increased in 2022 and 2023, mainly affected by factors such as shipping costs, exchange rate fluctuations, raw material costs and product prices.
Fuling's products are sold in many countries and regions including the United States, China, Canada, Central and South America, etc. Its main direct or end customers include McDonald's, Wendy's, KFC, Burger King, Cha Baidao, Bawang Cha Ji and many other well-known domestic and foreign companies.
At present, the concentration of daily plastic manufacturing industry such as plastic tableware is low, and the entry threshold of low-end products is low. Except for some enterprises with outstanding scale and strength, most enterprises are small in scale, and family workshop-style enterprises are still common. Enterprises mainly compete for market share on price, which has caused certain adverse effects on the development of the industry.
After the funds raised from this issuance by Fuling Co., Ltd. are in place, they will be mainly used for technical transformation projects with an annual output of 20,000 tons of recyclable plastic products, 20,000 tons of biodegradable plastic products, R&D center upgrade projects and to supplement working capital.