JinJia Stock Reports Decrease in Revenue and Profits

Industry Insight by 2FIRSTS.ai
Aug.28.2023
JinJia Stock Reports Decrease in Revenue and Profits
Jinjia shares reported a 23.09% decrease in H1 revenue and a 44.02% decrease in net profit.

Jinjia Group released its semi-annual performance report on August 26, stating that its operating income for the first half of 2023 amounted to approximately CNY 2.033 billion, representing a year-on-year decrease of 23.09%. The net profit attributable to the shareholders of the listed company was approximately CNY 280 million, down 44.02% compared to the previous year.

 

The report states that Jiang Jia Holdings' main products include high-tech and high-value cigarette labels, high-end packaging for well-known consumer brands, laser paper/film, packaging new materials such as cigarette film, as well as new types of tobacco products.

 

From the perspective of its main operations, Jingjia Corporation performed as follows during the reporting period:

 

The revenue from cigarette label products decreased by 25.23% compared to the same period last year, while the revenue from color box products decreased by 19.31%. Additionally, the revenue from packaging new materials decreased by 28.51% compared to the previous year. On the other hand, the revenue from new tobacco business achieved a remarkable growth of 81.77% compared to the same period last year.

 

Jingjia Group's consumer goods packaging primarily caters to niche tobacco products, e-cigarettes, alcoholic beverages, consumer electronics, beauty and personal care products, food, and pharmaceuticals. It provides renowned companies in the tobacco and related industries with packaging product design, development, and delivery services. Some of its consumer goods packaging partners include Yueke, IMiracle (Heaven Gifts), British American Tobacco, Imperial Tobacco, and PMI Tobacco.

 

In the field of new tobacco business, Jingjia Holdings primarily engages in ODM/OEM services for aerosol e-cigarette products, while also developing a brand business and expanding into the raw material end of the non-burning tobacco fragrance and e-cigarette e-liquid industries, thus extending the service supply chain. The company's sales targets for the new tobacco raw material products and supply chain services are domestic cigarette clients, as well as both domestic and international e-cigarette brand clients. Production is organized according to customer requirements for appearance, technology, quantity, etc., based on orders.

 

On Monday, August 28th, Jinjia Corporation (002191) experienced a 2.15% surge in its stock price, reaching 6.53 yuan.

 

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

ELFBAR Entering Korea and to Appear in Stores by March
ELFBAR Entering Korea and to Appear in Stores by March
Setopia has signed distribution agreements for two ELFBAR products and plans to enter Korean convenience stores and large stores next month as the exclusive domestic supplier of the main e-cigarette product line "ELFBAR 600" in 8 flavors and "BC 5000" in 7 flavors.
Market
Feb.07
Export of E-cigarettes in Shenzhen increased 40%; Almost Double the Export to the EU
Export of E-cigarettes in Shenzhen increased 40%; Almost Double the Export to the EU
According to the data released by the Shenzhen Customs website on March 20, Shenzhen exported 7.1 billion yuan of electronic cigarettes, a year-on-year increase of 38.9% in the first two months of this year.
Industry Insight
Apr.04
China's April 2023 E-cigarette Export Rises
China's April 2023 E-cigarette Export Rises
China's Customs Administration reported that in April 2023, electronic cigarette exports increased by 5.5% compared to the previous month.
Market
May.22 by 2FIRSTS.ai
Two of Smoore International’s subsidiaries received e-cigarette licenses from China’s State Tobacco Monopoly Administration (STMA)
Two of Smoore International’s subsidiaries received e-cigarette licenses from China’s State Tobacco Monopoly Administration (STMA)
STMA issued e-cigarette production enterprise license to Shenzhen Smoore Technology Limited and Shenzhen MAC Brothers Technology Co., Ltd.
Business
Aug.03
China Customs: E-Cig Export Drops by 6.67% in June
China Customs: E-Cig Export Drops by 6.67% in June
China's exports of e-cigarette products (e-cigarettes and similar personal electronic atomisation devices, other nicotine-containing non-combustible smoking products, the same below) in June 2023 were valued at USD $941,808,968.
Industry Insight
Jul.24
2FIRSTS and IEVA Shake on Further Cooperation on Annual Development Strategy Meeting
2FIRSTS and IEVA Shake on Further Cooperation on Annual Development Strategy Meeting
At 17:00 on January 5 (Beijing time), 2FIRSTS launched the 2023 Annual Development Strategy Meeting online with the Independent European Vape Alliance (IEVA). The two sides exchanged views on the 2023 development plan, environmental protection issues of disposables, global vapor industry documentary, and China-EU bilateral market and regulatory information. They also deepened the vision of future cooperation.
Industry InsightEvents
Jan.05