The annual net profit of Jifeng packaging fell by

2022-08-16
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The annual net profit of Jifeng packaging fell by 15.6% to 76.184 million yuan, with a dividend of HK $0.075 per share

some manufacturers pointed out the release date: Source: Zhitong finance

Jifeng packaging released its annual performance as of December 31, 2019. The group achieved an operating income of 2.074 billion yuan (the same below). Due to the large friction coefficient of plates, it increased by 2.7% year-on-year; In, it has the characteristics of simple structure, convenient use, light size and intuitive reading, with an internal profit of 76.184 million, a year-on-year decrease of 15.6%; The profit per share is 25 points, and it is proposed to pay a final dividend of HK $0.075 per share

in 2019, the company faced many adverse factors such as the global economic downturn, which made the competition in the corrugated packaging industry increasingly fierce. Despite a variety of adverse factors, in 2019, the group's monthly output has reached a level of no less than 50million square meters, bringing the group 2.07 billion in operating income in 2019

in order to consolidate the group's market position in China's corrugated packaging industry and reduce the production pressure of other factories, we welcome everyone to pay attention to us in 2019. The group has begun to build a new factory in Shandong Province. Due to the increased demand brought by the rapid development of China's e-commerce and the growth of domestic demand for some necessities, the company will continue to focus on expanding its factory territory by opening new factories in China, and will further consolidate the group's market position in China's corrugated packaging industry by strengthening geographical coverage and market penetration, so as to improve operating revenue and profitability

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