Jiamei Packaging(SZ:002969) Chang Jiang Shang Bao·2025-12-10 23:37Core Viewpoint - Jiangmei Packaging (002969.SZ) is planning a change in control, which may lead to a shift in its actual controller, as announced on December 9. The stock will be suspended from trading starting December 10 due to this potential change [1][3][4]. Group 1: Company Overview - Jiangmei Packaging is a platform enterprise serving beverage brands, with notable clients including Yangyuan Beverage, Wanglaoji, and Yili Group [1][9]. - The company has a comprehensive service offering that includes the research, design, production, and sales of beverage packaging containers, as well as beverage formula research and marketing services [9][10]. Group 2: Financial Performance - The company's profitability has been unstable and on a downward trend, with a projected profit recovery to 183 million yuan in 2024, still below pre-IPO levels [1][11]. - For the first three quarters of 2025, Jiangmei Packaging reported revenues of 2.039 billion yuan and a net profit of 39.16 million yuan, representing year-on-year declines of 1.94% and 47.25%, respectively [11]. - The company's net profit excluding non-recurring items fell by 51.94% during the same period [11]. Group 3: Stock Performance and Market Reaction - Prior to the announcement of the control change, Jiangmei Packaging's stock price increased by 16% over three trading days, with specific daily changes of 9.92%, -2.08%, and 7.80% [8][10]. - The stock was suspended to prevent abnormal price fluctuations and ensure fair information disclosure [3][4]. Group 4: Shareholder Actions - The controlling shareholder, Zhongbao Hong Kong, is planning to reduce its stake by up to 1.5 million shares (approximately 0.16% of total shares) due to personal financial needs [5][6]. - Other significant shareholders, Fuxin Investment and Zhongkai Investment, also plan to collectively reduce their holdings by up to 9.3397 million shares (1% of total shares) [6][7].