Jiamei Packaging(SZ:002969) Sou Hu Cai Jing·2026-01-15 07:44Core Viewpoint - Jia Mei Packaging is forecasting a significant decline in net profit for the fiscal year 2025, with expected earnings between 85.4371 million and 104 million yuan, representing a year-on-year decrease of 43.02% to 53.38% [1][2]. Financial Performance - The net profit attributable to shareholders is projected to be 85.4371 million yuan, down from 104.4231 million yuan in the same period last year, indicating a decline of 53.38% [2]. - The net profit after deducting non-recurring gains and losses is expected to be 76.8397 million yuan, a decrease of 58.10% compared to 9.58257 million yuan last year [2]. - Basic earnings per share are forecasted to be 0.0870 yuan, down from 0.1063 yuan in the previous year [2]. Business Context - The decline in performance is attributed to 2025 being a "small year" for the beverage industry, with fewer days in the Spring Festival peak season and lower-than-expected demand for beverage gift consumption [2][3]. - Despite the anticipated decline, the company maintains that its performance remains stable within the normal average level for a "small year," and it has made significant adjustments to its business and customer structure, reducing reliance on a single major client [3]. Shareholder Changes - Jia Mei Packaging's stock has experienced a notable surge, attributed to a change in control of the company [4]. - The controlling shareholder, China Food Packaging Co., Ltd., is transferring control to Suzhou Zhuyue Hongzhi Technology Development Partnership, with the actual controller changing to Yu Hao [5][6]. - Yu Hao is recognized as the founder and CEO of the well-known technology brand, Dreame Technology, which has become a leading player in the robotic vacuum sector and is expanding into other areas such as major appliances and drones [8].