According to the news released on September 12th by Jingjia Corporation (002191), the company organized an investor communication event to evaluate its performance. Investors visited the new tobacco production line and engaged in in-depth discussions with Jingjia Corporation on several key issues.
In terms of the layout of their new tobacco business, Jingjia Corporation stated that they are focusing on e-cigarette OEM as the core, with e-cigarette e-liquid and supply chain services as the two supplementary wings, aiming to improve their domestic and international industrial chain layout. Jingjia Corporation also emphasized their industry layout in both domestic and overseas markets, and plans to use the overseas channels of new tobacco to promote their business, intending to expand further into the e-cigarette market.
At present, Jinge Corporation's business is primarily divided into two markets: domestic and international. In the domestic market, Shenzhen Cloud-Star River provides ODM/OEM and supply chain services for customers' exported tobacco products. Yunshuo Technology empowers customers by providing competitive "new national standard" e-liquid products. Hong Kong Hengtian is mainly responsible for the import and export trade and marketing of tobacco and new tobacco-related products.
In the overseas market, Jiaju Electronics has established Hong Kong V-Way to undertake the construction of new tobacco overseas channels and brand promotion. It has particularly focused on developing e-cigarette business in Southeast Asia, the Middle East, Russian-speaking countries, and Japan. In Indonesia, Yunpu Xinghe and Jingjia New Tobacco are respectively engaged in trade operations and the production of HNB herbal pods. Jingjia New Tobacco in Indonesia has completed equipment debugging and trial production, and is now entering the stage of capacity release in the second half of the year.
In regards to supply chain operations, Jingjia Corporation states that their meticulous services encompass various aspects within the e-cigarette industry, including assembly, import and export trade, and logistics. These efforts aim to strengthen the bond between the company and its customers while also promoting the rapid growth of the e-cigarette industry.
Jingjia Corporation stated that it will closely monitor the global trends in the emerging tobacco industry, make reasonable market arrangements, and strive to create a more high-quality growth pole.
In regards to the investment and acquisition plan of the new tobacco business sector, Jiangjia Corporation has stated that they have established a presence in the upstream, midstream, and downstream of the new tobacco industry chain. They will carry out investment and acquisition activities for high-quality targets, while adhering to legal and regulatory requirements.
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