JiHong shares stated that the establishment of the Shenzhen subsidiary is conducive to further improving the company's packaging business layout, in line with the company's overall development strategy and actual business needs. In addition to production and sales, the Shenzhen subsidiary will also be responsible for the main work of the company's domestic and foreign packaging production base research and development design center, including packaging material research and development, packaging scheme design, process innovation and technical support, etc., to achieve the centralized management and efficient allocation of R&D resources, which is conducive to shortening the decision-making process and improving the efficiency of R&D results transformation, and has a positive effect on the expansion of the company's packaging business.
According to the research report of Huaxi Securities, Jihong Shares, as the leader in the domestic paper packaging market for fast-moving consumer goods, has deeply bound with top customers such as Yili and Luckin Coffee, providing one-stop solutions. In recent years, Jihong Shares has also implemented the "go out" strategy, actively expanding the market in the Middle East and Africa, creating a new growth curve for the company. By the end of February 2025, the company started the construction of a packaging production base in the Free Zone of Ras al-Khaimah, United Arab Emirates. The project covers an area of about 100,000 square meters and is progressing smoothly at present.
According to the third-quarter report of Jihong Shares in 2025, its operating income for the first three quarters of 2025 was 5.039 billion yuan, a year-on-year increase of 29.29%; the net profit attributable to the shareholders of the company was 216 million yuan, a year-on-year increase of 60.11%.