Jihong Co., Ltd.'s revenue in the first quarter was 1.178 billion, and its cross-border e-commerce business achieved triple-digit growth!

Founded in 2003, Jihong Co., Ltd.'s main business is display packaging of fast-moving consumer goods. After its listing in 2016, Jihong Co., Ltd. entered into precision marketing and cross-border e-commerce businesses.

Moreover, in a large number of financial reports, Jihong Co., Ltd., which is engaged in fast-moving consumer goods packaging business, can also debut in the C position!

The financial report shows that in the first quarter of 2021, Jihong Co., Ltd. achieved revenue of 1.178 billion yuan , a year-on-year increase of 81.48%, and net profit attributable to shareholders of the parent company of 92 million yuan , a year-on-year increase of 24.59% .

Jihong shares also clearly disclosed the operating conditions of its main businesses in the first quarter in its financial report ↓

1. Precision marketing cross-border e-commerce business ( To C-end): achieved operating income of 635 million yuan, a year-on-year increase of 135.08%, and achieved net profit attributable to shareholders of listed companies of 61 million yuan, a year-on-year increase of 83.80%;

2. Packaging business: achieved operating income of RMB 492 million, a year-on-year increase of 77.78%, and achieved net profit attributable to shareholders of listed companies of RMB 25 million, a year-on-year increase of 111.28%;

3. Precision marketing advertising business ( To B): achieved operating income of RMB 40 million, a year-on-year decrease of 60.47%, and achieved net profit attributable to shareholders of listed companies of RMB 10 million, a year-on-year decrease of 65.71%;

It can be seen that in the first quarter, Jihong Co., Ltd.'s precision marketing cross-border e-commerce business and packaging business both grew steadily.

Not only that, Jihong Co., Ltd.'s performance in 2020 was also very impressive, and was not much different from its previously released performance forecast.

In 2020, Jihong Co., Ltd. achieved operating income of 4.41 billion yuan, a year-on-year increase of 46.56%, and net profit attributable to shareholders of listed companies of 559 million yuan, an increase of 71.25% over the same period last year.

It is worth noting that in 2020, the GMV of Jihong Co., Ltd.'s cross-border e-commerce was nearly 3 billion yuan, and the overall order revenue scale and profits both achieved large-scale growth. In 2020, the company achieved operating income of 2.551 billion yuan, a year-on-year increase of 114.30%, and achieved net profit attributable to shareholders of 367 million yuan, a year-on-year increase of 157.55%.

After reading the financial report, some sellers wondered why the packaging business is so profitable?

In fact, at present, the domestic packaging and printing industry has a relatively low industrial concentration, and the industry is still dominated by regional small and medium-sized enterprises. Most packaging and printing companies do not have the advantages of economies of scale, and their technical level and product grade are not high.

After years of development and technological innovation, Jihong Co., Ltd. has continuously expanded its packaging business, and its product quality and service quality have been fully recognized by customers. It has now developed into one of the most competitive companies in domestic packaging and printing products.

Moreover, while most big sellers are expanding into the European and American markets, Jihong Co., Ltd. has focused its main cross-border business on Southeast Asia, where it can fully enjoy the local Internet and traffic dividends.

Various emergencies in 2020 caught many sellers off guard. From the revenue and profit growth in Jihong Co., Ltd.'s quarterly and annual reports, we can also see how important it is to strengthen market positioning and carry out technological innovation!

Financial Report

Cross-border e-commerce market

Jihong Shares