Core Viewpoint - Jia Mei Packaging (002969.SZ) has announced a share buyback program, indicating a strategic move to enhance shareholder value through the repurchase of its own shares [1] Summary by Categories Share Buyback Details - The company has repurchased a total of 21,486,100 shares, which represents 2.25% of its current total share capital [1] - The highest transaction price during the buyback was 3.66 CNY per share, while the lowest was 3.26 CNY per share [1] - The total amount spent on the buyback was 75,000,201 CNY, excluding transaction fees [1]

Group 1 - The company, Jia Mei Packaging, announced on November 3 that it has repurchased approximately 21.49 million shares, accounting for 2.25% of its total share capital, through a centralized bidding transaction [1] - The highest transaction price for the repurchased shares was 3.66 yuan per share, while the lowest was 3.26 yuan per share [1] - The total amount spent on the share repurchase was approximately 75 million yuan [1]

证券代码：002969 证券简称：嘉美包装 公告编号：2025-074 债券代码：127042 债券简称：嘉美转债 嘉美食品包装（滁州）股份有限公司 关于股份回购进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、回购方案的主要内容 嘉美食品包装（滁州）股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日召开第三届董事会第十一次会议，于 2024 年 11 月 15 日召开 2024 年第二 次临时股东大会，分别审议通过了《关于以集中竞价交易方式回购公司股份方案 的议案》，同意公司使用自有资金或回购专项贷款以集中竞价方式回购部分公司 已发行的人民币普通股（A 股）股票，回购的股份将用于转换公司发行的可转换 为股票的公司债券，回购股份资金总额不低于人民币 7,500 万元（含）且不超过 人民币 15,000 万元（含），回购价格不超过人民币 4.40 元/股（含）。本次回购的 实施期限为自股东大会审议通过之日起 12 个月内。详见公司分别于 2024 年 10 月 31 日 、 2024 年 11 月 18 日 刊 登 在 《 中 ...

Core Insights - Jia Mei Packaging is a significant player in the domestic food and beverage packaging sector, established in January 2011 and listed on the Shenzhen Stock Exchange in December 2019 [1] Group 1: Business Performance - In Q3 2025, Jia Mei Packaging achieved a revenue of 2.039 billion yuan, ranking 4th among 7 companies in the industry, with the industry leader, Aorijun, reporting 18.346 billion yuan [2] - The net profit for the same period was 39.16 million yuan, placing the company 5th in the industry, while the top performer, Aorijun, reported a net profit of 1.105 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Jia Mei Packaging's debt-to-asset ratio was 44.23%, slightly down from 44.33% year-on-year and below the industry average of 55.10% [3] - The gross profit margin for Q3 2025 was 11.12%, down from 13.12% year-on-year and lower than the industry average of 11.84% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 15.87% to 25,500, while the average number of circulating A-shares held per shareholder increased by 18.86% to 37,300 [5] Group 4: Executive Compensation - The chairman and general manager, Chen Min, received a salary of 2.897 million yuan in 2024, an increase of 59,900 yuan from 2023 [4]

Core Viewpoint - The company is navigating a challenging external environment in the beverage industry while focusing on internal improvements, cost control, and expanding its service platform to adapt to market trends and consumer demands [5][6][7]. Financial Performance - In the first three quarters of 2025, the company faced a significant decline in performance compared to the same period last year, yet maintained stability at the average level typical for a "small year" in the beverage industry [5]. - The company has effectively reduced reliance on its largest customer, indicating a positive shift in its business and customer structure [5][7]. Business Strategy - The company is advancing its "full industry chain beverage service" platform, which has begun to generate sustainable incremental orders from new customers and markets [6]. - The platform strategy covers a variety of popular beverage categories, including emerging brands and traditional beverage giants, enhancing customer loyalty and creating new growth opportunities [6]. Market Expansion - The company is actively expanding its export business in new markets, such as Vietnam, focusing on three-piece tin beer cans and two-piece aluminum cans [5][6]. - There has been notable progress in cross-selling among traditional core customers in various beverage segments, compensating for declines in traditional gift demand [6]. Governance Changes - The company has proposed to abolish the supervisory board, transferring its responsibilities to the audit committee of the board of directors, which requires approval at the upcoming shareholder meeting [96][97]. - Changes to the company's capital structure and amendments to the articles of association are also on the agenda, reflecting adjustments in governance and operational strategy [96][97].

Core Viewpoint - Jia Mei Packaging (002969.SZ) reported a year-on-year increase in revenue and net profit for the third quarter of 2025, indicating a positive trend in the company's performance despite a decline in the first three quarters [1] Financial Performance - The company achieved a revenue of 783 million yuan in the third quarter, representing a year-on-year growth of 11.38% [1] - The net profit for the third quarter was 19.42 million yuan, reflecting a year-on-year increase of 15.08% [1] - For the first three quarters, the total revenue was 2.039 billion yuan, which is a decrease of 1.94% compared to the same period last year [1] - The net profit for the first three quarters was 39.16 million yuan, showing a significant decline of 47.25% year-on-year [1]

Core Insights - The company reported a revenue of 2.039 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 1.94% [1] - The net profit attributable to shareholders of the listed company was 39.16 million yuan, down 47.25% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 35.24 million yuan, reflecting a year-on-year decrease of 51.94% [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Jiamei Packaging for the third quarter of 2023, indicating a decline in revenue and net profit compared to the previous year [1] - Jiamei Packaging reported revenue of approximately 2.039 billion yuan for the first three quarters of 2025, representing a year-on-year decrease of 1.94% [1] - The net profit attributable to shareholders was approximately 39.16 million yuan, reflecting a significant year-on-year decline of 47.25% [1] - Basic earnings per share were reported at 0.041 yuan, which is a decrease of 47.03% year-on-year [1] Group 2 - As of the report, Jiamei Packaging has a market capitalization of 3.5 billion yuan [2]

嘉美食品包装（滁州）股份有限公司 董事会议事规则 第一条 目的 为了保护公司和股东的合法权益，规范董事的行为，理顺公司管理体制，明 晰董事会的职责权限，建立规范化的董事会组织架构及运作程序，保障公司经营 决策高效、有序地进行，依照《中华人民共和国公司法》《中华人民共和国证券 法》、其他规范性文件以及《嘉美食品包装（滁州）股份有限公司章程》（以下简 称"《公司章程》"）的规定，制定《嘉美食品包装（滁州）股份有限公司董事会 议事规则》（以下简称"本规则"）。 第二条 效力 本规则自生效之日起，即成为规范公司董事会的召集、召开、议事及表决程 序的具有约束力的法律文件。 第三条 董事任职资格 董事为自然人，无需持有公司股份。但是，下列人员不得担任董事： （1）无民事行为能力或者限制民事行为能力； （2）因贪污、贿赂、侵占财产、挪用财产或者破坏社会主义市场经济秩序， 被判处刑罚，或者因犯罪被剥夺政治权利，执行期满未逾五年，被宣告缓刑的， 自缓刑考验期满之日起未逾二年； （3）担任破产清算的公司、企业的董事或者厂长、总经理，对该公司、企 业的破产负有个人责任的，自该公司、企业破产清算完结之日起未逾三年； （4）担任因违法 ...

嘉美食品包装（滁州）股份有限公司 重大经营与投资决策管理制度 第一章 总 则 第一条 为规范公司的重大经营及投资决策程序，建立系统完善的重大经营 及投资决策机制，确保决策的科学、规范、透明，有效防范各种风险，保障公司 和股东的利益，根据有关法律、法规及《嘉美食品包装（滁州）股份有限公司章 程》（以下简称"《公司章程》"）的规定，制定本制度。 第二条 重大经营与投资决策管理的原则： （一）遵守国家法律、法规，符合国家产业政策； （二）符合公司发展战略及经营规划，突出公司主营业务； （三）严格执行决策程序，科学决策，规范管理，控制风险。 第三条 公司各部门为公司重大经营决策的职能部门，负责重大经营事项的 承揽、论证、实施和监控；公司经理层负责管理公司投资事项，负责公司投资项 目的规划、论证、监控以及年度投资计划的编制和实施过程的宏观监控。 第二章 决策范围 第四条 本制度所称经营及投资事项包括： 1 （一） 购买或者出售资产； （二） 对外投资（含委托理财、委托贷款、对子公司投资等）； （三） 提供财务资助； （四） 提供担保； （五） 租入或者租出资产； （六） 委托或者受托管理资产和业务； （七） 赠与或者受 ...