Core Viewpoint - Xianggang Technology (603499) reported significant growth in both revenue and net profit for the fiscal year 2024, indicating strong operational performance and strategic market expansion efforts [1][2]. Financial Performance - The company achieved a revenue of 885 million yuan, representing a year-on-year increase of 27.55% [1]. - Net profit reached 65.73 million yuan, showing a remarkable growth of 755.25% year-on-year [1]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 58.98 million yuan, up 3038.20% year-on-year [1]. - For Q1 2025, the company reported a revenue of 258 million yuan, a 50.41% increase year-on-year, and a net profit of 41.18 million yuan, up 737.38% year-on-year [2]. Business Segments - Xianggang Technology operates in three main business segments: packaging printing, packaging containers, and cosmetics, with packaging printing and packaging containers showing revenue growth of 64.54% and 18.11% respectively [1]. - The company provides comprehensive packaging solutions, including design and technical support, which enhances product value and profitability [2]. Strategic Initiatives - The company has focused on developing new clients and expanding its business scale while deepening cooperation with high-quality clients [1]. - Xianggang Technology has invested in subsidiaries to expand its OEM and ODM business in cosmetics, providing a one-stop service for clients in the daily chemical sector [2]. Investment Activities - The company invested 100 million yuan in semiconductor storage firm Jintaike, increasing its stake from 10% to 13.89% to explore new growth opportunities beyond its core packaging business [3].
翔港科技2024年净利同比增长超7倍 包装印刷业务营收大增