Fuling Technology Co Ltd

Fuling Technology Co Ltd is a China-based company primarily engaged in the research and development, production and sales of disposable cutlery, straws and other service ware and other plastic tableware. The Company's main products compromise disposable tableware, including knives, forks, spoons, straws, water cups, small measuring cups, plates, cup lids, take-out boxes, take-out bowls and others. The Company's core technologies mainly involve the modification of plastics and biodegradable materials, tableware processing, and production process optimization. The Company conducts its businesses in the United States, China, Canada, Central and South America and other countries and regions.

• Feedstock spread (price - input cost) (leading)
• Plant utilization rate (coincident)
• End-market demand (auto, construction, agri) (leading)
• Inventory destocking/restocking cycles (coincident)
• Specialty volume growth (trend)

• Energy/feedstock cost (Russia gas, Middle East oil) · exposure: high
• Trade tariffs on chemical exports/imports · exposure: medium-high
• Environmental regulation (EU REACH, US EPA) · exposure: high
• Agricultural policy (subsidies, fertilizer demand) · exposure: medium for agri-chem

• EBITDA margin % — 5-15% commodity; 15-25% specialty
• Capex/sales % — watch trough vs peak
• Plant utilization % — 82-92% healthy; <80% pressure
• ROIC — 10%+ specialty; 6-10% commodity through cycle
• Net debt / EBITDA — below 3.0x healthy; cyclical buffer

Detailed financial analysis, valuation snapshot, multi-period history, and AI narrative are pending — generated when this company is included in the next analysis batch. Profile data above is point-in-time as of 2026-04-30.