凸版利丰雅高3.3亿收购一家上海印刷企业！加大在国内软包装市场布局

Core Viewpoint - Haishun New Materials announced the transfer of its entire stake in Shanghai Jiucheng Packaging Co., Ltd., a company specializing in composite soft packaging and injection-molded hard packaging products, primarily serving the daily chemical, food, pet food, and industrial goods manufacturing industries [1][4]. Financial Summary - As of September 30, 2023, Jiucheng Packaging had total assets of 389 million yuan, equity of 184 million yuan, and a debt-to-asset ratio of 52.71% [1]. - In 2024, Jiucheng Packaging achieved a revenue of 268 million yuan and a net profit of 18.54 million yuan; for the first nine months of this year, it reported a revenue of 217 million yuan and a net profit of 36.18 million yuan, with net profit margins of 6.93% and 16.69% respectively [1][3]. Acquisition Details - The total acquisition price for Jiucheng Packaging's entire stake is set at 330 million yuan, with Haishun New Materials expected to receive 142 million yuan from the stake transfer [2][4]. - The acquisition is led by Toppan Leefung Pte Ltd, a subsidiary of the global printing giant Toppan, which aims to strengthen its position in the soft packaging sector [4][6]. Historical Context - Toppan has been reducing its printing business in China over the past decade, closing several subsidiaries, while maintaining a focus on soft packaging through this acquisition [5][6]. - Haishun New Materials previously acquired a 43.015% stake in Jiucheng Packaging for 215 million yuan in 2019, indicating a significant decrease in the company's valuation over the years [7]. Future Outlook - The integration of Jiucheng Packaging under Toppan's umbrella raises questions about its future development and potential new investments or acquisitions in the domestic soft packaging market [7].