The company stated that the performance change was mainly due to the "small year" of the beverage industry in 2025, as the number of days in the Spring Festival peak season in 2025 was fewer, and the demand for beverage gift consumption scenarios did not meet expectations. Against this backdrop, the company has been focusing on "internal strength", adjusting its structure, controlling its costs; fully digesting the capital expenditures made over the years using retained earnings and raised funds since the reform. The company actively promotes cross-selling of various business segments with its core customers; expands the export business of three-piece tin beer cans and two-piece aluminum cans in Vietnam and other new markets; perfects the beverage service platform centered on OEM business capabilities; promotes the start of OBM business; and builds a "full-industry beverage service" platform to respond to the continuous iteration of beverage market trends and consumer demand. The incremental income from various new businesses, new markets, and new customers has compensated for some of the existing gaps, but the profit contribution is still limited by the limited scale.
The company said that in 2025, although the company's performance declined significantly compared to the same period last year, it remained stable at the normal average level of a "small year"; at the same time, the effects of business and customer structure adjustment were significant, with the proportion of the first major customer and the risk of dependence on a single major customer significantly reduced.
The company's stock price has recently surged, not much related to its performance, but rather to the change in the company's controlling shareholder.
On December 16, 2025, the news of the change in control was disclosed, and the stock price of Jiamei Packaging immediately began to soar. Data shows that from December 17, 2025, to January 6, 2026, the company's stock price continued to rise, and it touched abnormal fluctuations multiple times during this period, forcing the company to suspend trading and conduct a review starting from January 7. After the resumption of trading on January 12, the stock price continued its strong performance, and as of the close on January 14, it was trading at a limit-up of 19.31 yuan per share, a cumulative increase of 323.46% from the 4.56 yuan per share on December 16, 2025. Jiamei Convertible Bond rose by 17.69% today.
On December 16, 2025, Jia Mei Packaging announced that the original controlling shareholder, Zhongbao Hong Kong, and Zhiyue Hongzhi signed a share transfer agreement, proposing to transfer 279 million shares of unrestricted circulation, accounting for 29.9% of the company's total shares. At the same time, Zhiyue Hongzhi plans to acquire 233 million shares through a partial tender offer, with the transfer and offer price per share being 4.45 yuan. After the transaction is completed, Zhiyue Hongzhi's total shareholding ratio reaches 54.9%, forming an absolute control, and the actual controller of the company changes from Chen Min and Li Cui Ling to Yu Hao.
It is worth noting that Yu Hao, the new actual controller and founder and CEO of Zhimi Technology, has triggered widespread market associations with his industrial layout. Yu Hao had revealed in his circle of friends in September 2025 that multiple business segments under the Zhimi ecosystem will launch intensive IPO plans by the end of 2026. Although Jia Mei Packaging has clearly stated that there will be no change in the main business within the next 12 months and no plans for a backdoor listing within 36 months, the injection of tech capital still brings imagination space to the traditional packaging business.
Yu Hao recently made explosive statements, saying that the market value of the RoboMaster ecosystem will exceed the "trillion-trillion" level (about 700 trillion yuan), and "not just one company will reach this size". He emphasized that this judgment is "very rational, not a drunken speech", and the specific logic will be "explained through writing a book".