Group 1 - The stock price of Xianggang Technology closed at 18.15 yuan on August 26, 2025, down 2.16% from the previous trading day, with a trading volume of 222 million yuan and a turnover rate of 4.04% [1] - Xianggang Technology's main business includes packaging printing and cosmetics packaging, as well as involvement in semiconductor-related businesses. The company is registered in Shanghai and belongs to the paper printing industry [1] - On August 27, 2025, Xianggang Technology will hold its first extraordinary general meeting of shareholders to review proposals for the cancellation of the supervisory board, changes to registered capital, and amendments to the company's articles of association [1] Group 2 - On August 26, 2025, there was a net outflow of 5.77 million yuan in main funds, with a cumulative net outflow of 91.6 million yuan over the past five days [1]

Group 1 - The core point of the article is that Jinsheng New Materials (SZ 300849) held its third board meeting on August 25, 2025, to review the proposal for amending the "Rules of Procedure for Special Committee Meetings" [1] - For the fiscal year 2024, the company's revenue composition is entirely from cosmetic packaging, accounting for 100.0% [1]

Core Insights - The global cosmetics industry is undergoing significant changes, with increasing consumer demand for personalization and eco-friendly packaging, prompting brands to focus on supply chain efficiency and cost control [1][4] - Xianggang Technology and Cosmax (China) have signed a strategic cooperation agreement aimed at enhancing product competitiveness through cost-effective packaging solutions [1][3] Group 1: Strategic Cooperation - The partnership aims to leverage Xianggang Technology's capabilities in packaging materials to support Cosmax (China) in product development, supply chain optimization, and cost control [1][3] - Cosmax (China) has over 5,000 employees and four production bases in Shanghai and Guangzhou, indicating a strong operational presence [1][2] Group 2: Market Position and Financial Performance - Cosmax Group, established in 1992, has a leading position in the global ODM cosmetics sector, with a projected 21.9% year-on-year sales growth in 2024 [2] - Xianggang Technology has developed an integrated business model covering product design, optimization, production, and logistics, enhancing its competitive edge in the packaging industry [2][3] Group 3: Green Production Initiatives - Both companies emphasize green production, with Xianggang Technology advocating for eco-friendly practices and achieving significant improvements in environmental performance [4][5] - Cosmax (China) has been recognized in the "2024 Green Manufacturing Demonstration List" in Shanghai, showcasing its commitment to sustainable practices throughout the product lifecycle [5] Group 4: Business Synergy and Future Outlook - The collaboration is expected to deepen business synergy, enhancing the efficiency of packaging and cosmetic production processes [3][6] - Xianggang Technology plans to continue investing in R&D and optimizing production processes to ensure product safety and efficacy, while also expanding its international market presence [6]