香港吉宏于近期向基金管理人新视资本有限公司提交申请，完成对所持基金份额类别的调整，通过赎回 原份额后再认购的方式优化投资配置结构，即香港吉宏先行赎回所持有的全部Class B类别的基金份 额，对应结算总额约为1,900万美元(经财务部门初步测算，本次赎回基金的年化投资收益率约为4.3%)， 随后再使用其中的900万美元重新认购该基金的Class A类别份额。 本次交易实质为同一基金下不同类别份额间的转换，相较于原Class B类别，Class A类别在资产分配优 先权及优先回报权方面提供更强的保障优势，根据基金管理人安排，该基金已将本次新认购后净额差值 1,000万美元支付至香港吉宏银行账户。公司全资子公司香港吉宏仍持有Novus Spectrum Growth I Fund 基金投资份额为900万美元。 吉宏股份（002803）(02603)发布公告，厦门吉宏科技股份有限公司(以下简称"公司")于2024年11月19日 召开第五届董事会第二十四次会议，审议通过《关于全资子公司参与认购投资基金份额的议案》，同意 公司全资子公司香港吉宏科技有限公司(以下简称"香港吉宏")以自有资金1,800万美元认购香港开放式 ...

厦门吉宏科技股份有限公司 厦门吉宏科技股份有限公司 关于部分赎回投资基金份额的公告 证券代码：002803 证券简称：吉宏股份 公告编号：2025-087 本公司及全体董事保证本公告内容真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 厦门吉宏科技股份有限公司（以下简称"公司"）于 2024 年 11 月 19 日召开 第五届董事会第二十四次会议，审议通过《关于全资子公司参与认购投资基金份 额的议案》，同意公司全资子公司香港吉宏科技有限公司（以下简称"香港吉宏"） 以自有资金 1,800 万美元认购香港开放式基金型公司 Novus Spectrum Growth OFC 之子基金 Novus Spectrum Growth I Fund 的投资基金份额。 香港吉宏于近期向基金管理人新视资本有限公司提交申请，完成对所持基金 份额类别的调整，通过赎回原份额后再认购的方式优化投资配置结构，即香港吉 宏先行赎回所持有的全部 Class B 类别的基金份额，对应结算总额约为 1,900 万 美元（经财务部门初步测算，本次赎回基金的年化投资收益率约为 4.3%），随后 再使用其中的 900 万美元重新认购该基金 ...

消息面上，近日，吉宏股份在互动平台回答投资者提问时表示，公司在全国经营11个大型包装生产基 地，与国内外食品、饮料、餐饮、日化等多个快消品细分领域行业龙头企业包括旺旺集团均建立长期稳 定的合作关系。东北证券此前指，作为国内纸制快消品销售包装龙头，公司深度绑定伊利、瑞幸、麦当 劳等头部客户。海外拓展方面，2024年与VENUSTRADINGFZCO在阿联酋、阿曼建设生产基地及贸易 平台，虽仍处建设期，但已推动包装业务在2025年上半年实稳健增长，打破此前三年停滞态势，为未来 业绩增添加长期稳定性。 吉宏股份（002803）(02603)涨超6%，截至发稿，涨6.05%，报13.15港元，成交额3520.45万港元。 ...

消息面上，近日，吉宏股份在互动平台回答投资者提问时表示，公司在全国经营11个大型包装生产基 地，与国内外食品、饮料、餐饮、日化等多个快消品细分领域行业龙头企业包括旺旺集团均建立长期稳 定的合作关系。东北证券此前指，作为国内纸制快消品销售包装龙头，公司深度绑定伊利、瑞幸、麦当 劳等头部客户。海外拓展方面，2024年与VENUSTRADINGFZCO在阿联酋、阿曼建设生产基地及贸易 平台，虽仍处建设期，但已推动包装业务在2025年上半年实稳健增长，打破此前三年停滞态势，为未来 业绩增添加长期稳定性。 智通财经APP获悉，吉宏股份(02603)涨超6%，截至发稿，涨6.05%，报13.15港元，成交额3520.45万港 元。 ...

Core Insights - Xiamen Jihong Technology Co., Ltd. focuses on cross-border social e-commerce and paper packaging for fast-moving consumer goods (FMCG) [1] - The company's revenue composition is 65.45% from e-commerce, 34.49% from packaging, and 0.06% from other businesses [1] - The stock price of Jihong shares increased by 5.17% to 16.48 CNY per share, with a total market capitalization of 7.423 billion CNY [1] Company Overview - Xiamen Jihong Technology was established on December 24, 2003, and went public on July 12, 2016 [1] - The company operates primarily through three divisions: cross-border social e-commerce, paper packaging, and other marketing and advertising services [1] Fund Holdings - One fund, the China Europe Data Mining Mixed A (001990), holds a significant position in Jihong shares, with 313,100 shares, representing 0.62% of the fund's net value [2] - The fund has generated a floating profit of approximately 253,600 CNY from its investment in Jihong [2] Fund Manager Performance - The fund manager, Qu Jing, has been in position for over 10 years, with a total fund size of 3.359 billion CNY [3] - The best return during Qu Jing's tenure is 189.5%, while the worst return is -24.21% [3]

Core Viewpoint - Jihong Co., Ltd. reported a significant revenue growth of 29% and a net profit increase of 60% in the first three quarters of 2025, but underlying issues indicate potential risks and instability in performance [1][3][19]. Financial Performance - The company's revenue reached 5.039 billion yuan, with a net profit of 216 million yuan, driven primarily by the cross-border e-commerce and packaging businesses [3][19]. - The cross-border e-commerce segment is identified as the main growth engine, while the packaging business provides stable support, holding the largest market share in domestic paper packaging [3][19]. - Despite the impressive figures, the company has experienced significant profit volatility over the past four years, with net profit growth rates fluctuating between -59% and 88% [3][19]. Operational Challenges - The packaging business faces underutilization issues, with production utilization rates recorded at 63.2%, 55.7%, and 56.2% from 2022 to 2024, indicating idle production capacity [5][21]. - The company is navigating a dual pressure of share reduction and high pledge ratios among major shareholders, raising concerns about stock stability and shareholder confidence [6][22]. Financial Risks - Accounts receivable have surged to 623 million yuan, constituting 15.16% of total assets and 23.6% of net assets, indicating a significant amount of capital tied up with customers [8][23]. - Sales expenses have escalated to 1.756 billion yuan, a 42.26% increase year-on-year, marking the highest sales expense in a decade, which raises concerns about the efficiency of sales investments [9][12][27]. - The company has faced regulatory scrutiny for past violations related to related-party transactions, highlighting governance weaknesses [15][30].

Group 1 - The company operates 11 large packaging production bases nationwide [1] - The company has established long-term stable partnerships with industry leaders in various fast-moving consumer goods sectors, including food, beverages, catering, and daily chemicals [1] - The packaging business accounts for approximately 40% of the company's total revenue [1]

格隆汇12月15日丨吉宏股份(002803.SZ)在投资者互动平台表示，公司未与台湾馆长团队合作。 ...

Core Viewpoint - The company, Jihong Co., stated that its operational performance is stable and financial condition is good, with no existing issues reported [1] Group 1: Company Performance - The company confirmed that its business operations are stable and financial health is robust [1] - The fluctuations in the company's stock price are attributed to multiple factors including macroeconomic conditions, industry policies, investor sentiment, and capital market emotions, which are considered normal [1]

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Insights - The cross-border e-commerce sector remains robust, with a focus on leading brands and B2B companies actively implementing AI applications [3] - Online sales during Black Friday and Cyber Monday showed steady growth, with significant increases in consumer spending [8] - The performance of AI in e-commerce is notable, with a substantial rise in traffic driven by AI tools, indicating a shift in consumer behavior [8] Summary by Sections Cross-Border E-commerce B2B - B2B companies have a clear revenue logic through AI tools, with promising business developments ahead [3] - Recommended stocks include Xiaoguo City (600415), Focus Technology (002315) [3] Cross-Border E-commerce B2C - Recommended stocks include Anker Innovation (300866), Ugreen Technology (301606), Zhiou Technology (301376), Jihong Co., Ltd. (002803), and Huakai Yibai (300592) [3] Other Relevant Stocks - Other recommended stocks include Konnate Optical (02276), Miniso (09896), and Sumida (600710) [3] Market Trends - Black Friday and Cyber Monday online sales reached record highs, with online spending of $11.8 billion and $14.25 billion respectively, marking year-on-year growth of 9.1% and 7.1% [8] - The average online price of consumer goods in the U.S. increased by 8%, impacting actual sales performance [8] Future Outlook - In 2026, a decrease in tariff costs is expected to improve profit margins for some cross-border e-commerce companies [8] - The report outlines a timeline of tariff adjustments throughout 2025, indicating a complex landscape for cross-border trade [8]