"消费市场持续复苏",以包装、跨境社交电商为主业的吉宏股份（002803）观察到这一现象。今年上半 年，吉宏股份预计归母净利润同比增长55%至65%。 7月2日，吉宏股份发布的业绩预告显示，2025年半年度公司实现归母净利润为盈利1.12亿元至1.19亿 元，比上年同期增长55%至65%。扣除非经常性损益后，吉宏股份净利润增幅进一步提升至68%至 79%。 对于业绩增长原因，吉宏股份介绍道，随着消费市场持续复苏，带动下游客户包装需求稳步增长，受益 于与快消品细分领域行业龙头企业长期战略合作的良好基础，公司通过集团化精细管理，运营和资源利 用效率不断提高，盈利能力显著提升。 此外，在跨境社交电商业务方面，吉宏股份不断完善供应链管控系统，保持高水平的数字化运营能力。 与此同时，公司继续深化销售区域拓展及业务模式复制，营收规模与利润实现较大幅度增长，促进公司 整体业绩进一步提升。 2024年，吉宏股份业绩走低，全年归母净利润同比下滑超47%。吉宏股份表示，受整体社会经济环境、 通货膨胀及汇率波动频繁等因素影响，去年各国家/地区消费信心不足、消费意愿降低，行业市场竞争 日益激烈，包装业务下游客户销售增速放缓，订单增长 ...

Core Viewpoint - Xiamen Jihong Technology Co., Ltd. (referred to as "Jihong Co., Ltd." 002803.SZ) has officially listed on the Hong Kong Stock Exchange, marking a significant milestone as the first A+H listed company in Xiamen and the fifth A-share company to list on the Hong Kong Stock Exchange this year [1][4]. Company Overview - Jihong Co., Ltd. was established on December 24, 2003, and was listed on the Shenzhen Stock Exchange on July 12, 2016. The company specializes in providing integrated services including marketing strategy, product design, process design, technical planning, transportation, and logistics [5]. - The company operates 10 large packaging production bases across China and has established close partnerships with clients such as Yili and Luckin Coffee. In 2022, it was ranked 5th among the "Top 100 Printing and Packaging Enterprises in China" by Printing Manager magazine [5]. IPO Details - The IPO involved a global offering of H-shares with a base issuance of 67.91 million shares, raising approximately HKD 519 million (around RMB 478 million). The funds will be used for overseas market expansion, technology development, and brand portfolio enhancement [4]. - Upon opening, Jihong Co., Ltd.'s shares surged to HKD 11 per share, a 43.23% increase from the issue price of HKD 7.68, and reached a peak increase of 52.34% at HKD 11.70 [1]. Business Performance - For the years 2022 to 2024, Jihong Co., Ltd. projected revenues of RMB 5.376 billion, RMB 6.695 billion, and RMB 5.529 billion, respectively. The cross-border e-commerce business is expected to contribute RMB 3.107 billion, RMB 4.257 billion, and RMB 3.366 billion, accounting for 57.8%, 63.6%, and 60.9% of total revenue [10]. - The company ranks second among B2C export e-commerce companies in China with a market share of 1.3% and holds the first position in the domestic paper packaging market for fast-moving consumer goods with a market share of 1.2% [10]. Future Plans - Jihong Co., Ltd. aims to expand its business footprint in Asia, particularly in Indonesia and Vietnam, while also planning to steadily enter the European market and explore high-growth potential regions in Latin America [11].

吉宏股份（02603.HK）今日登陆港交所率先成为"A+H"跨境 社交电商股，开盘涨43%至11港元，上市即入港股通刷新资 本市场效率。其自主研发的Giikin系统实现AI全链路赋能，募 资5.05亿港元将投入东南亚仓储及AI技术升级，锚定跨境电商 万亿新蓝海。 公开资料显示，目前吉宏股份主营业务覆盖 ToC端精准营销跨境社交电商业务和ToB端全案营销设计包装服务，并已在上述两大核心业务板块确立领先 的行业龙头地位。 作者： 王海言 封图：图片资料室 2025年5月27日，吉宏股份（002803.SZ、02603.HK）正式登陆港交所，成为率先 完 成 A+H两地上市的跨境社交电商企业。此外，5月26日，上交 所发布通知将吉宏股份调入沪港通下港股通标的名单，成为率先港股发行上市就入通的企业。 此次 IPO，吉宏股份全球发售6791万股H股，发行价格为7.68港元/股，募资净额约5.05亿港元，拟用于海外市场拓展、技术研发及品牌建设。 上市首日，吉宏股份开盘报 11港元/股，较发行价上涨43.23%，市值突破50亿港元，彰显市场对"双赛道龙头"的认可。 当前，社交电商行业正经历由 AI、大数据等前沿技术驱动的深 ...

通过社交电商模式开拓跨境业务，成为公司重要增长动能。 5月27日，厦门吉宏科技股份有限公司（吉宏股份，02603.HK/002803.SZ）正式在港交所挂牌上市。 此外，上交所发布沪港通下港股通标的调整通知，吉宏股份被调入沪港通下港股通标的名单，成为首 家港股发行上市就纳入港股通的企业。 上市首日，吉宏股份开盘报11港元/股，较发行价上涨43.23%，市值突破50亿港元。 资料显示，吉宏股份成立于2003年，早期以快消品包装业务为核心，凭借高精度印刷技术和规模化生 产能力，与伊利、瑞幸咖啡等知名快消品牌建立密切合作，是为数不多的有能力提供涵盖完整生产过 程的一站式包装解决方案的中国纸制快消品包装解决方案公司之一。 2017年，吉宏股份捕捉到东南亚电商渗透率快速提升的机遇，依托包装业务积累的供应链资源，创新 性地采用社交电商模式开拓跨境业务。经过多年深耕，该业务已成为公司重要增长动能。 作为一家"数据为轴，技术驱动"的企业，吉宏股份专注于通过独立站模式提供多样化的商品和服务， 通过"货找人"的业务模式，大幅降低客户找货时间成本，提升客户购物体验。 同时，吉宏股份还通过AI技术赋能的全球化布局已形成差异化竞争力， ...

5月26日，吉宏股份（2603.HK）暗盘交易表现抢眼。公司在辉立暗盘交易场中开报7.9港元/股，较招股 价高2.86%，截至发稿最新报9.46港元/股，较招股价高23.2%，以现价计，不计手续费，每手500股，账 面约赚890港元。另外，公司在耀才暗盘交易场中最新报9.5港元/股，较招股价高23.7%；于富途暗盘交 易场中最新报9.47港元/股，较招股价高23.4%。 此前5月23日晚间，吉宏股份确定了本次H股发行的最终价格为每股7.68港元，公司H股股票将于2025年 5月27日在香港联交所挂牌并开始上市交易。 在纸制快消品包装领域，公司业务沉淀超20年，在全国经营10个大型包装生产基地，为客户提供包 括"营销策划+研发设计/方案优化+智能制造+运输配送+销售"集成化的一站式服务。目前公司已与包括 伊利、瑞幸咖啡等在内的国内外多个快消品细分领域行业龙头企业建立长期稳定的合作关系。 在全球化与数字化的双重浪潮下，中国跨境社交媒体电商正以前所未有的速度重塑全球贸易格局。从东 南亚的雨林到中东的沙漠，从欧美都市到拉美小镇，中国商品的"数字足迹"正以社交电商为媒介，穿透 文化壁垒与地理边界，编织出一张覆盖全球的消 ...

厦门吉宏科技股份有限公司（以下简称"吉宏股份"）近日正式启动了其在香港联交所的上市计划，预计将于2025年5月27日挂牌交易。这家已在深圳证券 交易所上市多年的企业，正通过发行H股的方式，寻求在资本市场的进一步拓展。 吉宏股份此次IPO的发行价格区间设定在7.48港元至10.68港元之间，计划全球发售6791万股H股，若以最高发行价计算，预计可募集资金约7.25亿港元。 Timber Kangaroo、昱龙国际及沈臻宇女士作为基石投资者，已承诺认购总计1.55亿港元的股份。 吉宏股份自2003年成立以来，一直专注于为快消品企业提供一站式的纸制包装产品及服务，涵盖营销策略、产品设计、工艺设计、技术策划以及运输与物 流等多个环节。然而，随着移动互联网的蓬勃发展，吉宏股份于2017年成功转型，涉足跨境社交电商业务，并迅速成长为公司的主营业务之一。 根据招股书披露的数据，吉宏股份在2022年至2024年期间，营收分别达到了53.76亿元、66.95亿元和55.29亿元。尽管2024年的营收较上一年度有所下降， 但公司的毛利和毛利率仍保持在较高水平，分别为24.19亿元和43.8%。其中，跨境社交电商业务在2024年实 ...

Core Viewpoint - Xiamen Jihong Technology Co., Ltd. (referred to as "Jihong Co.") is preparing for an IPO on the Hong Kong Stock Exchange, marking a significant milestone in its development and aiming to leverage international capital for further expansion in the cross-border e-commerce sector [2][3][4]. Company Overview - Jihong Co. was established on December 24, 2003, and was listed on the Shenzhen Stock Exchange on July 12, 2016, with the stock code 002803.SZ [4]. - The company focuses on providing marketing strategies, product design, process design, technical planning, transportation, and logistics services [4]. - Jihong Co. has established deep partnerships with leading fast-moving consumer goods (FMCG) brands such as Yili and Luckin Coffee, enhancing its competitive edge through technology [4][5]. Financial Performance - Jihong Co.'s revenue for 2022, 2023, and 2024 was reported at RMB 5.376 billion, RMB 6.695 billion, and RMB 5.529 billion, respectively, with corresponding net profits of RMB 172 million, RMB 332 million, and RMB 184 million [4]. - For the first quarter of 2025, the company achieved revenue of RMB 1.477 billion, a year-on-year increase of 11.55%, and a net profit of RMB 59 million, up 38.21% year-on-year [13][15]. Market Position - Jihong Co. ranks second among B2C export e-commerce companies in China, holding a market share of 1.3%, and is the leading provider in the paper-based FMCG sales packaging sector with a market share of 1.2% [6][11]. - The paper-based FMCG sales packaging market in China is projected to grow from RMB 145.6 billion in 2020 to RMB 170.3 billion by 2024, driven by increasing investment in packaging by the FMCG industry [8]. Strategic Initiatives - The company is focusing on AI-driven cross-border e-commerce, self-brand development, and expanding its packaging business internationally [13]. - Jihong Co. has formed a strategic partnership with VENUSTRADINGFZCO to establish a joint venture in the UAE, aiming to enhance its presence in the Middle East and Africa [14]. Industry Trends - The paper-based packaging industry is experiencing rapid growth, supported by environmental policies and technological advancements [10][11]. - The market for paper-based FMCG sales packaging is expected to continue expanding, with a projected market size of RMB 222.7 billion by 2029 [8].

Group 1 - The company, Jihong Co., Ltd. (02603), plans to conduct an initial public offering (IPO) from May 19 to May 22, 2025, offering a total of 67.91 million shares, with 10% allocated for public sale in Hong Kong and 90% for international sale [1] - The proposed price range for the shares is between HKD 7.48 and HKD 10.68, with the expected listing date for H-shares on May 27, 2025 [1] - The company operates in cross-border social e-commerce and paper packaging for fast-moving consumer goods (FMCG), providing a one-stop service for FMCG clients since its establishment in 2003 [1] Group 2 - Following its listing on the Shenzhen Stock Exchange in 2016, the company has successfully transformed and expanded its business, achieving notable results in both operational and financial aspects [2] - According to Zhi Shi Consulting, the company ranks second among B2C export e-commerce companies in China with a market share of 1.3% in 2024, focusing on the Asian market [2] - The company is also the leading paper packaging company for FMCG in mainland China, holding a market share of 1.2% in 2024 [2] Group 3 - At an offering price of HKD 9.08 per share, the company expects to net approximately HKD 505.4 million from the global offering, with around 40% allocated for overseas market expansion [2] - Approximately 35% of the funds will be used for technology development, including enhancing research and development capabilities, data analysis, and expanding revenue sources through Jimiaoyun [2] - About 15% will be allocated to expanding the brand portfolio and developing existing proprietary brands, while 10% will be used for working capital and general corporate purposes [2] Group 4 - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to purchase shares worth USD 20 million at the offering price, including Timber Kangaroo Capital Limited and Yulong International Capital Limited [3] - Notable investors include Ms. Shen Zhenyu, the chairwoman of Harbin Yuheng Pharmaceutical Co., Ltd. (002437.SZ) [3]

｜2025年5月9日 星期五｜ NO.1 吉宏股份通过港交所聆讯 5月8日，吉宏股份（SZ002803，股价14.12元，市值54.33亿元）通过港交所聆讯，该公司是一家以"数据为轴、技术驱动"的跨境社交电商企业。今年第一季 度，吉宏股份实现营业收入14.77亿元，同比增长11.55%；净利润达到5915.99万元，同比增长38.21%。 点评：这些财务数据反映了吉宏股份在市场竞争中的优势以及其业务的健康发展。预计随着其在港交所的上市，吉宏股份将能够进一步扩大其市场份额，提 升品牌影响力，实现更快速的增长。 每经记者｜黄婉银 每经编辑｜陈梦妤 NO.2 钧达股份上市首日涨幅达20% 5月8日，钧达股份（HK02865，股价26.60港元，市值77.83亿港元）在港交所挂牌上市，每股发行价22.15港元，本次全球发售H股基础发行股数为6343.23万 股。钧达股份是首家光伏电池"A+H"上市企业，上市首日最终收涨20.09%，成交额1.6亿港元。 点评：股价走势可以反映投资者对其未来发展的信心，预计钧达股份将继续受益于光伏行业的快速发展，实现业绩和市场份额的双重增长。 NO.3 港交所主席唐家成再度被委任已获批 ...

导 语 ：吉宏股份在海外社交平台投放广告，将中国内地商品推广至全球海外消费者。 据厦门吉宏科技股份有限公司在港交所递交的招股书内容，公司拟在香港联合交易所上市。此次 IPO 备受关注，其背后是公司跨境社交电商与纸制快消品包装双轮驱动业务的发展现状与未来规 划，其中既蕴含着机遇，也存在不少挑战。 吉宏股份此次 IPO 发售相关细节尚未完全确定，股票发行数目、价格等均有待进一步明确。在承销 商方面，中国国际金融香港证券有限公司及招银国际融资有限公司担任联席保荐人。 公司主营业务包括跨境社交电商业务及纸制快消品包装业务。 跨境社交电商业务借助动态数据分析能力，采用 "货找人" 模式，在社交平台投放广告，将中国内 地商品推广至全球海外消费者，产品种类丰富，涵盖家居用品、电子产品等多品类，并在自有品牌 网站及电商平台销售自有品牌产品。 纸制快消品包装业务则为快消品企业提供一站式纸制包装产品及服务，具备从工艺设计到运输物流 的全流程能力，且积极布局环保型包装。 在市场定位上，跨境社交电商业务以亚洲市场为战略重点，纸制包装业务则聚焦中国内地快消品市 场。行业地位方面，按 2024 年在亚洲从事社交媒体电商业务产生的收入计， ...