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Volume 15.1K
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As of 4:04 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

china flexible packaging hld (CFLX) Snapshot

Open
$0.02
Previous Close
$0.03
Day High
$0.02
Day Low
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52 Week High
02/28/14 - $0.03
52 Week Low
09/5/14 - $0.0090
Market Cap
8.9M
Average Volume 10 Days
21.7K
EPS TTM
$0.0050
Shares Outstanding
470.4M
EX-Date
05/20/11
P/E TM
17.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA FLEXIBLE PACKAGING HLD (CFLX)

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china flexible packaging hld (CFLX) Details

China Flexible Packaging Holdings Limited, an investment holding company, manufactures and sells plastic packaging films, synthetic papers, and high barrier films in Mainland China and Taiwan. The company offers biaxially oriented polypropylene films, including high shrinkage films, such as labeling and tobacco films; and low shrinkage films comprising pearlised, matt, and plain films for printing, lamination, and coating. It also produces synthetic paper that is used in commercial packaging, printing, food, medical, and cosmeceutical industries; and five-layer high barrier films for use in the vacuum packing of meat products. The company serves food processing and tobacco industries, as well as other light industries involved in labeling, printing, and gift wrapping. China Flexible Packaging Holdings Limited is based in Jieyang, the People's Republic of China.

china flexible packaging hld (CFLX) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: CNY970.0K
Compensation as of Fiscal Year 2013.

china flexible packaging hld (CFLX) Key Developments

China Flexible Packaging Holdings Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended October 31, 2014

China Flexible Packaging Holdings Limited reported unaudited consolidated earnings results for the fourth quarter and year ended October 31, 2014. For the quarter, the company reported revenue of RMB 172.834 million against RMB 98.023 million a year ago. Profit before taxation was RMB 17.343 million against loss before taxation of RMB 405,073 million a year ago. Net profit for the period attributable to owners of the company was RMB 17.343 million or RMB 0.036 per share against net loss for the period attributable to owners of the company of RMB 405.073 million or RMB 0.833 per share a year ago. Net cash used in operating activities was RMB 9.844 million against RMB 50.439 million a year ago. The group's revenue increased by 76.3% or RMB 74.8 million. . The increase in fourth quarter of 2014 was mainly due to a significant change in product mix towards higher margin shrinkage film products, resulting in higher average selling price and revenue. The outflow was due million as compared with net cash outflow of RMB 50.4 million in the fourth quarter of 2013. The outflow was due mainly to the increase in accounts receivable by RMB 49.8 million in the fourth quarter of 2014 driven by the significant upturn in revenue, whereas it was partially offset by the cash generated from operating profit of RMB 26.5 million and net change in inventories of RMB 13.9 million in the fourth quarter of 2014. For the year, the company reported revenue of RMB 631.003 million against RMB 467.543 million a year ago. Profit before taxation was RMB 3.047 million against loss before taxation of RMB 629.967 million a year ago. Net profit for the year attributable to owners of the company was RMB 3.047 million or RMB 0.006 per share against net loss for the year attributable to owners of the company of RMB 629.967 million or RMB 1.296 per share a year ago. Net cash used in operating activities was RMB 22.238 million against net cash generated from operating activities of RMB 47.497 million a year ago. Net assets value per ordinary share was RMB 0.92 against RMB 0.91 a year ago.

China Flexible Packaging Holdings Limited Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014

China Flexible Packaging Holdings Limited announced unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2014. For the quarter, the company reported revenue of RMB 168,543,000 against RMB 111,204,000 a year ago. The increase in third quarter of 2014 was mainly due to a favourable change in product mix. The sales of higher margin shrinkage film products resumed in third quarter of 2014, resulting in higher average selling price and revenue. Profit before taxation was RMB 15,395,000 against loss before taxation of RMB 92,863,000 a year ago. Net profit for the period was RMB 15,395,000 against net loss of RMB 92,863,000 a year ago. Total comprehensive income for the period attributable to owners of the company was RMB 15,395,000 against loss of RMB 92,885,000 a year ago. Net cash flows generated from operating activities was RMB 18,600,000 against net cash flows used in operating activities of RMB 25,233,000 a year ago. Earnings per ordinary share for the period based on net income attributable to owners of the company based on the weighted average number of ordinary shares was RMB 0.032 against loss per share of RMB 0.191 a year ago. For the nine months, the company reported revenue of RMB 458,169,000 against RMB 369,520,000 a year ago. Loss before taxation was RMB 15,079,000 against RMB 224,894,000 a year ago. Net loss for the period was RMB 15,079,000 against RMB 224,894,000 a year ago. Total comprehensive loss for the period attributable to owners of the company was RMB 15,080,000 against RMB 224,942,000 a year ago. Net cash generated from operating activities was RMB 32,079,000 against RMB 2,942,000 a year ago. Loss per ordinary share for the period based on net loss attributable to owners of the company based on the weighted average number of ordinary shares was RMB 0.031 against RMB 0.463 a year ago. Net assets value per ordinary share as on July 31, 2014 was RMB 0.88.

China Flexible Packaging Holdings Limited Provides Consolidated Earnings Guidance for the Third Quarter Ended July 31, 2014

China Flexible Packaging Holdings Limited provided consolidated earnings guidance for the third quarter ended July 31, 2014. The Board of Directors issued a profit guidance ahead of the announcement of the unaudited consolidated financial results of the company and its subsidiaries for the financial period ended 31 July 2014. Following a preliminary financial review, the group is expected to report a net profit in third quarter of 2014 compared to the net loss of RMB 92.9 million recorded for the 3-month financial period ended 31 July 2013, due mainly to an increase in sales of high margin shrinkage film products. This marks the group's first positive quarter since full year losses were reported from the financial year ended 31 October 2012. Notwithstanding this, the 9-month financial period ended 31 July 2014 is expected to report a net loss.

 

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