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There Are Two Printing And Packaging Companies Successfully Listed
Dec 10, 2018

CPP114 - in this world of capital, it's every entrepreneur's dream to be able to get a company going public and get a steady stream of money from the capital markets. Listing enterprises is the standard allocation of successful entrepreneurs.

Recently, the printing and packaging industry has good news, the main cigarette printing jinshi technology and the famous corrugated packaging supplier jifeng packaging international A shares and stock exchange, respectively, to this slightly depressed market injected some vitality.

Jinshi technology successfully entered the a-share market

December 4, according to the investment bank sources, in today's 17th session of the hair review committee 181st meeting in 2018, sichuan jinshi technology co., LTD. (hereinafter referred to as "jinshi technology") successfully held a meeting!

According to the data of goubei research institute, jinshi science and technology's main business is the research and development, production and sales of packaging and printing materials such as cigarette labels, and is committed to providing high-quality cigarette label products for cigarette manufacturers. At present, the company has established cooperative relations with hunan zhongyan, sichuan zhongyan and other large tobacco groups, serving cigarette brands including "furong wang", "jiao zi" and so on.

In the past three years, the operating income of jinshi technology has reached 2.05 billion yuan, with the annual revenue of 814 million yuan in 2016 at its best. In terms of net profit, jinshi technology earned about 720 million yuan in total from 2015 to 2017, with an average annual profit of 240 million yuan.

The company plans to issue no more than 45 million new shares and invest 582 million yuan, it said in its prospectus. The funds raised in this issue will be used for four projects, including "packaging and printing production line expansion and technical transformation project", "packaging material production line technical transformation and production expansion project", "technology research and development center construction project" and "information construction project".

Jifeng packaging international stock exchange

Gronghui learned that on December 5, international jifeng packaging group (hereinafter referred to as "international jifeng packaging") has published the information set after the hearing to the main board of the stock exchange, with puyin international as the exclusive sponsor.

Jinfeng packaging for China corrugated packaging suppliers, with more than 20 years of experience. (1) corrugated packaging products, including corrugated cartons, paper pallets, display racks, heavy packaging and special packaging products; And (2) corrugated board.

According to frost Sullivan, jinfeng packaging is the seventh largest corrugated packaging supplier in China in terms of revenue for the year ending December 31, 2017. The market of corrugated packaging industry in China is highly fragmented. Although the group ranks seventh among corrugated packaging companies in China, according to frost Sullivan, as of December 31, 2017, the group's market share in China in terms of operating income is about 0.65%.

Corrugated packaging industry is affected by the macro-economic environment cycle, and according to frost Sullivan, after 2019, China's corrugated board and corrugated carton price growth rate is expected to remain stable.

As of the last practical date, the group operates 11 factories in north China, northeast China, east China and south China, all equipped with corrugated board production lines, which can produce corrugated board and corrugated packaging products. The total construction area of 11 factories is about 228,000 square meters. For the three years ending December 31, 2017, the maximum production capacity is 472 million square meters, 555 million square meters and 573 million square meters respectively. Up to June 30, 2018, the maximum annual production capacity is about 615.6 million square meters.

In addition to the new factories in huizhou, guangdong province, which started commercial production in the second quarter of 2018, and taicang, jiangsu province, which started commercial production in the fourth quarter of 2018, the group plans to set up two factories in eastern and southern China.

From 2015 to 2017 and in the first half of 2018, the group achieved revenue of about 1.075 billion yuan, 1.87 billion yuan, 1.664 billion yuan and 906 million yuan respectively. The gross profit is about 235 million yuan, 244 million yuan, 349 million yuan and 177 million yuan respectively. The net profits were about 30.83 million yuan, 53.145 million yuan, 8.5894 million yuan and 43.151 million yuan respectively.