Next, let’s take a closer look at Fuling’s business situation

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Fuling Co., Ltd. was establish in 1992 and is headquarter in Taizhou City, Zhejiang Province.

The actual controllers of the company are Jiang Guilan and Hu Gan. Prior to this issuance, Jiang Guilan and Hu Gan controll a total of 85.44% of the company’s voting shares through Zhenlong Intelligence and Yisheng Consulting.

The company is mainly engag in the research and development

Production and sales of plastic tableware and biodegradable tableware. Its main products include

knives, forks, spoons, straws, water cups, small measuring cups, plates, cup lids, takeout boxes,

takeout bowls, paper products (paper cups and paper straws), etc.

Some of the company’s products, source: prospectus

From January to June 2024, the revenue from plastic tableware products account for 70.36% of the company’s main business revenue, biodegradable tableware account for 5.89%, and paper products and others account for 23.75%.

In 2021, 2022, 2023 and JanuaryJune the largest finnish air carrier has announce 2024 (reporting period), the company achiev operating income

of RMB 1.458 billion, RMB 2.154 billion, RMB 1.889 billion and RMB 1.099 billion, and realiz net profit

attributable to shareholders of the parent company of RMB 116 million, RMB 255 million, RMB 216

million and RMB 110 million, respectively. The company’s operating performance grew rapidly in 2022.

Fuling Co., Ltd.’s operating income and net profit attributable

To shareholders of the parent company in 2023 decreas by 12.32% and 15.55% respectively compar

with 2022; from January to June 2024, the company’s calling list operating income and net profit attributable to

shareholders of the parent company increas by 35.84% and 11.55% respectively compar with the same period in 2023 Next, let’s take.

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