Shandong Xinjufeng Technology Packaging (301296) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥1.58 billion, up 26.06% year-over-year, driven by expanded market share and product portfolio post-acquisition of Greatview Packaging.

• Net profit attributable to shareholders was ¥23.61 million, down 59.99% year-over-year, mainly due to increased costs, lower margins, and non-recurring items.

• Gross margin declined to 18.02%, reflecting higher raw material costs and competitive pricing pressures.

• The company completed major capacity expansion projects and integrated acquired assets, enhancing production and supply chain capabilities.

Financial highlights

• Operating income for H1 2026 was ¥19.72 million, a 72.77% decrease year-over-year.

• EBITDA and EBIT margins contracted due to increased management and R&D expenses.

• Cash flow from operating activities was negative at -¥48.47 million, reflecting higher working capital needs.

• Total assets at period-end were ¥6.12 billion, up 3.15% from year-end 2025.

• Net assets attributable to shareholders rose 1.63% to ¥2.67 billion.

Outlook and guidance

• Management expects continued revenue growth, leveraging new capacity and product innovation.

• Focus remains on cost control, margin improvement, and international market expansion.

• Ongoing integration of acquired businesses and risk mitigation in international operations are priorities.