Shandong Xinjufeng Technology Packaging (301296) Q4 2024 earnings summary

Executive summary

• Revenue for 2024 was ¥1.71 billion, down 1.79% year-over-year; net profit attributable to shareholders rose 8.03% to ¥183.85 million.

• Gross margin improved to 23.44%, up 2.05 percentage points from the prior year.

• Operating cash flow surged 202.33% to ¥641.81 million, driven by inventory reduction and improved collections.

• Major acquisition: completed control of a leading packaging peer, enhancing industry position and synergies.

• Significant investment in digital transformation, automation, and green initiatives.

Financial highlights

• Revenue: ¥1,706 million (–1.79% YoY); net profit: ¥183.85 million (+8.03% YoY).

• Gross margin: 23.44% (+2.05ppt YoY); basic EPS: ¥0.44 (+7.32% YoY).

• Operating cash flow: ¥641.81 million (+202.33% YoY); total assets: ¥3,580 million (+14.28% YoY).

• R&D expense: ¥12.44 million, 0.73% of revenue.

• Dividend: ¥0.58 per 10 shares, total cash payout ¥24.17 million.

Outlook and guidance

• Focus on expanding production capacity, digital transformation, and international market development.

• Integration of newly acquired subsidiary to drive synergies and industry leadership.

• Continued investment in R&D and talent to support innovation and market share growth.