Shandong Xinjufeng Technology Packaging (301296) Q4 2025 earnings summary

Executive summary

• Completed acquisition of Greatview Packaging, expanding business scale and product portfolio, but integration and financing costs led to higher expenses and lower profitability year-over-year.

• Revenue grew 71.61% year-over-year to ¥2.93 billion, but net profit attributable to shareholders dropped 76.23% to ¥43.70 million due to increased management and financial expenses, and lower gross margin.

• The company’s core business, competitive position, and industry trends remain stable, with no major adverse changes in fundamentals.

Financial highlights

• Revenue: ¥2,928,105,753.02, up 71.61% year-over-year.

• Net profit attributable to shareholders: ¥43,695,612.98, down 76.23% year-over-year.

• Gross margin for main business declined by 4.39 percentage points to 19.05%.

• Operating cash flow: ¥341,680,756.38, down 46.76% year-over-year.

• Total assets: ¥5,930,814,882.44, up 65.66% from previous year-end.

• Net assets attributable to shareholders: ¥2,625,747,167.42, slightly down 0.57% year-over-year.

• Basic and diluted EPS: ¥0.10, down 77.27% year-over-year.

Outlook and guidance

• Strategic focus on product innovation, digital transformation, and international market expansion.

• 2026 plan emphasizes customer-centricity, market penetration, R&D, digital operations, and talent development.

• Continued integration with Greatview Packaging to enhance domestic and international competitiveness.