CSIMarket
 
Best Inc   (BEST)
Other Ticker:  
 
 
Price: $2.4400 $-0.04 -1.613%
Day's High: $2.47 Week Perf: -3.17 %
Day's Low: $ 2.40 30 Day Perf: 0.82 %
Volume (M): 38 52 Wk High: $ 3.22
Volume (M$): $ 92 52 Wk Avg: $1.88
Open: $2.47 52 Wk Low: $0.52



 Market Capitalization (Millions $) 959
 Shares Outstanding (Millions) 393
 Employees 393
 Revenues (TTM) (Millions $) 1,123
 Net Income (TTM) (Millions $) -218
 Cash Flow (TTM) (Millions $) -411
 Capital Exp. (TTM) (Millions $) 25

Best Inc
We were incorporated in Nevada in November 2003, but since July 2007, have been headquartered in Hainan, China. Through our operating subsidiaries, Hainan Shiner, Shiny-Day, Hainan Modern, Zhuhai Modern, Shimmer Sun, and Ningbo we manufacture and sell packaging and anti-counterfeit plastic film to manufacturers and producers in China. We sell anti-counterfeit film, coated film, and color printing, in international markets through a network of distributors and converters.

Our primary business consists of the manufacture and distribution of technology driven advanced packaging film products in five business segments: bi-axially oriented polypropylene, or BOPP, film for wrapping tobacco; water-based latex; coated film; color printed packaging; and advanced film. Our products are sold to customers in the food, tobacco, chemical, medical and pharmaceutical, personal care, electronics, automotive, construction, graphics, music and video publishing industries. Our current production capacity consists of: five coated film lines with a capacity of 15,000 tons a year; two BOPP tobacco film production lines with a capacity of 13,500 tons a year; one BOPP film production line with a capacity of 7,000 tons a year; three color printing lines; four anti-counterfeit film lines with a capacity of 2,500 tons a year; and two water-based latex reaction kettles with a capacity of 3,000 tons a year.

We manufacture and distribute advanced packaging film products in China. China’s packaging industry has grown steadily since the mid-1980s with one of the highest growth rates in the international packaging market. Domestic consumption has always been considered by the Chinese government as one of the key drivers for national economic growth. Over the past several years, the Chinese government has released a number of industry policies and measures to encourage domestic consumption that would benefit the packaging industry. In July 2008, the Ministry of Finance of China established a fund to support the development of new and innovative products and technologies for the packaging industry, focusing on environmental protection, energy efficiency and renewable applications.

With the mild recovery of the global economy, and growing consumer confidence in the Chinese domestic markets, we are cautiously optimistic that consumption of our products will continue to grow. We are experiencing an increase of inquiries from food manufacturers on how to comply with the Food Safety Law that went into effect in 2009. This renewed interest from manufacturers affects our entire breadth of products and we are confident this will lead to an overall improvement in our business. We believe we are well positioned to be the prime beneficiary of increased domestic consumption, a growing world economy, and increased market penetration as the full impact of the Food Safety Law requirements are realized.

We believe there are several positive trends that will continue to accelerate our growth, consumer demand for packaged goods, which offer convenience, quality, aesthetics and lifestyle branding will grow as Chinese consumers find themselves with increasing disposable income and as more purchases are made in supermarkets and away from wet markets and small independent food stores. We are well positioned to take advantage of these trends by providing retail foods and consumer goods manufacturers with beautiful printed flexible packaging.

Rapid Economic Growth and Rising Disposable Income. The growth of the flexible packaging industry is highly correlated with economic growth as the demand for packaging products is driven by improving demographic trends, including living standards and urbanization, as well as expanding industrial output. According to China National Bureau of Statistics, China is one of the fastest growing economies, its GDP having grown rapidly with a compound annual growth rate of 16.0% in the past five years. Per capita disposable income of urban households had a compound annual growth rate of 11.8% over the past ten years and per capita disposable income of rural households had a compound annual growth rate of 9.6% during the same period. China’s economy is expected to continue to grow in the next few years with an average GDP growth forecast of 8.4% from 2009 to 2014 by the World Bank.



   Company Address: 2nd Floor, Block A, Huaxing Modern Industry Park Zhejiang Province 310013
   Company Phone Number: 571-88995656   Stock Exchange / Ticker: NYSE BEST
   BEST is expected to report next financial results on April 20, 2024.


Customers Net Income grew by BEST's Customers Net Profit Margin grew to

12.8 %

16.33 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
DD        0.18% 
XOM   -1.61%    
• View Complete Report
   



Air T Inc

Headline: Air T Inc Fails to Attain Profitability Despite Revenue Surge Amid Q2 2024 Earnings Season



Air T Inc, a Transport and Logistics company, recently reported its financial results for the second quarter of 2024, highlighting a surge in revenue but a significant increase in losses per share. These results, combined with the company's decline in stock performance over the past five days and year to date, as well as its current trading position above its 52-week low, raise concerns about the company's future prospects.
Financial Performance and Trends:
During the second quarter of 2024, Air T Inc experienced a loss per share of $-0.57, higher than the loss of $-0.19 per share in the previous reporting season. Despite this, the company's revenue saw a robust increase of 30.118%, reaching $78.97 million compared to $71.43 million in the prior year's corresponding period.

Heartland Express Inc

Heartland Express Inc's Performance Takes a Hit as HTLD Slips into Deficit in Q3 2023

The stock market can be a roller coaster ride for investors, with highs and lows that can make even the most seasoned trader feel a bit queasy. But amidst the turbulence, there are always companies that stand out and defy expectations. Heartland Express Inc, a leader in the Transport and Logistics sector, is one such company that has recently caught the attention of investors.
In the third quarter of 2023, Heartland Express Inc reported a slip in their earnings per share (EPS) compared to the previous year. However, it's important to note that the company is still in a strong position, with EPS at $0.14 per share compared to $0.31 a year prior. While this may seem like a setback, it's crucial to take into account the broader market conditions and the performance of Heartland's competitors.

Air Transport Services Group Inc

Air Transport Services Group Inc Reports Decline in Earnings amidst Revenue Surge during Q3 2023 Financial Period

Air Transport Services Group Inc (ATSG) faced a challenging fiscal period in the most recent financial reporting period, with a substantial decline in income despite a modest revenue advance of 1.203%. The transport and logistics industry as a whole experienced a significant decline of -10.42% in business, making ATSG's revenue rise even more impressive.
In comparison to the previous fiscal period, ATSG witnessed a notable decrease of -58.62% in income, with profits plummeting from $0.49 per share to $0.24. This decline in profitability could be concerning for some investors. However, it is crucial to note that ATSG's EPS was still positive, indicating the company's ability to generate earnings.

Universal Logistics Holdings Inc

Surpassing Expectations: Universal Logistics Holdings Inc. Powers Through Adversity, Securing Impressive Profits in Q3 2023

During the past five trading days, the stock of Universal Logistics Holdings Inc increased by 1.21%. While this may seem like a positive development, it is important to consider it in the context of the company's year-to-date performance, which stands at a concerning -31.28%. This indicates that the stock has not had a favorable performance throughout the year.
Despite the current increase in stock value, it is worth noting that Universal Logistics Holdings Inc is still trading 12.3% above its 52-week low. This suggests that the stock has experienced a significant decline in value over the past year, but has managed to recover slightly.

Covenant Logistics Group Inc

Covenant Logistics Group Inc Witnesses Significant Downturn in Q3 2023 Revenue

Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) recently announced its financial and operating results for the third quarter ending on September 30, 2023. The company reported a significant decline in earnings, caused by softness in revenue. Earnings tumbled by -70.8% to $0.99 per share, compared to $3.39 per share in the same period last year. Revenue also dropped by -7.413% to $288.72 million in the financial third quarter of 2023, compared to $274.02 million in the prior reporting period.
The decrease in earnings can be attributed to several factors, including lower revenue and a decrease in operating margin. Covenant Logistics Group Inc's profitability was affected, as its operating margin mitigated to 5.24%, compared to 18.94% in the third quarter of 2022. Net margin also shrank to 4.68%.






 

Best Inc's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2023 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com