Core Viewpoint - The company Shenzhen Baixinglong Creative Packaging Co., Ltd. has terminated its investment plan to establish a joint venture in Vietnam, while retaining its wholly-owned subsidiary in Singapore as a channel for overseas investment [1][2]. Group 1: Investment Decisions - The company announced the termination of its investment of 7.65 million RMB to establish a joint venture in Vietnam due to a lack of consensus with its partner, Vietnam Hongcai Technology Co., Ltd. [1] - The planned joint venture, named Vietnam Baixinglong Creative Packaging Co., Ltd., was intended to be 51% owned by Baixinglong [1]. - The company will retain its wholly-owned subsidiary, Singapore Baixinglong, which has been established as a channel for overseas investment and a sales service center for markets surrounding Singapore [2]. Group 2: Financial Performance - As of September 2025, the company reported a revenue of approximately 377 million RMB, representing a year-on-year decline of 16.25% [2]. - The net profit attributable to the parent company was approximately 24.41 million RMB, reflecting a year-on-year decrease of 37.09% [2]. - The company emphasizes that the termination of the investment will not have a significant impact on its existing business or financial condition [2].
柏星龙：终止投资765万设立越南合资三级子公司