（图片来源：网络） 出品｜搜狐财经 作者｜李保铭 12月16日盘后，嘉美包装发布公告，追觅科技创始人俞浩实控的有限合伙企业逐越鸿智拟通过协议转让、要约收购等方 式寻求控股嘉美包装。随后，嘉美包装实现三连板，其公告称未来12个月不会改变主营业务。 此次收购分为两部分。逐越鸿智与嘉美包装的控股股东中包香港签署《股份转让协议》，通过协议转让方式，斥资12.43 亿元受让其29.9%的股份。 此外，逐越鸿智向嘉美包装全体股东发出部分要约收购，斥资10.39亿元回购25%股份。若最终收购完成，俞浩将合计支 付22.82亿元，并以54.9%股份成为嘉美包装实控人。 关于此次收购，外界仍有许多疑问。为何俞浩要在这一时间节点收购嘉美包装，又为何选择通过SPV架构及协议转让与 要约收购的组合方式？此次收购的目的是什么，俞浩未来将如何布局？ 为何要收购？ 关于此次收购，外界出现较多猜测，其中之一便是，俞浩为何要斥巨资收购嘉美包装？ 逐越鸿智相关人员回应搜狐财经，"嘉美包装目前业务成熟、经营业绩稳定，本次并购的意图系俞浩先生基于对嘉美包装 公司发展前景的信心及中长期投资价值的认可。" 逐越鸿智方面指出，"本次收购恰逢资本市场鼓励产 ...

12月16日晚间，中国食品饮料金属包装头部企业嘉美包装（002969.SZ）发布公告，苏州逐越鸿智科技 发展合伙企业（有限合伙）（以下简称"逐越鸿智"）拟通过协议收购、要约收购方式收购嘉美包装 54.90%的股份，涉及交易总对价约22.82亿元。本次交易旨在通过引入产业资金整合战略资源，推动上 市公司产业升级。公司股票将于12月17日复牌。 本次交易完成后，嘉美包装控股股东将由中国食品包装有限公司（以下简称"中包香港"）变更为逐越鸿 智，全球高端科技品牌追觅科技创始人俞浩将成为嘉美包装实际控制人。 目前，嘉美包装旗下拥有17家企业，业务涵盖印铁、三片罐、两片罐、ABC罐、TBC罐、SBC罐、无菌 纸包、各包材配套的饮料灌装OEM等多个板块。嘉美包装主要客户包括养元饮品、王老吉、银鹭集 团、达利集团、承德露露、喜多多等主流饮料品牌。 此外，嘉美包装拥有规模化、多区域、多品种的饮料灌装服务能力，已形成和积累了蛋白饮料、茶饮 料、咖啡、碳酸、精酿啤酒、谷物、果汁、水等各啤酒、饮料类产品配方研发与灌装代加工服务的成熟 经验。基于"全产业链的中国饮料服务平台"理念，嘉美包装可以为客户提供从饮料配方、新包装研发到 提供包 ...

追觅科技创始人俞浩入主嘉美包装，这或许意味着公司将开启一场从"制造"向"智造"的深刻转型。 01 嘉美包装控制权将变更 今年9月宣布将启动大规模IPO后，追觅科技创始人俞浩开始在A股布局，拟通过其实际控制的苏州逐越鸿智科技发展合伙企业（以下简称"逐越鸿智"）收 购中国食品饮料金属包装头部企业嘉美包装（002969.SZ）的部分股份，成为上市公司新实控人。 12月16日晚，嘉美包装发布公告，公司控股股东中国食品包装有限公司（以下简称"中包香港"）与逐越鸿智签署了《股份转让协议》。公司股东富新投资 有限公司（以下简称"富新投资"）、中凯投资发展有限公司（以下简称"中凯投资"）分别与逐越鸿智签署了《预先接受要约收购的协议》。 逐越鸿智拟通过协议收购、要约收购方式收购嘉美包装54.9%股份，每股转让及要约价格均为4.45元，涉及交易总对价约22.82亿元。 公告显示，本次权益变动完成后，嘉美包装控股股东将由中包香港变更为逐越鸿智，俞浩将成为嘉美包装实际控制人。公司股票于今日上午开市起复牌。 不过，嘉美包装的盈利能力不稳定，归母净利润于2022年跌至上市以来的最低点，仅为1703.18万元，在2023—2024年显著回 ...

Core Viewpoint - The controlling shareholder of Jia Mei Packaging, Zhong Bao Hong Kong, is planning a change in control, which may lead to a change in the actual controller of the company. The stock will be suspended from trading starting December 10, 2025, for up to two trading days due to this uncertainty [2]. Group 1: Company Overview - Jia Mei Packaging is a platform enterprise serving beverage brands across the entire industry chain, providing R&D, design, production, and sales of beverage packaging containers, as well as beverage formula development, filling production, and marketing services [2]. - The company owns 17 subsidiaries covering various business segments, including tinplate, three-piece cans, two-piece cans, and various packaging materials for beverage filling OEM [2]. Group 2: Shareholder Information - As of September 30, 2025, Zhong Bao Hong Kong holds 44.75% of Jia Mei Packaging's shares, with Chen Min and Li Cuiling as the actual controllers. On November 18, Zhong Bao Hong Kong announced plans to reduce its holdings by up to 1.5 million shares, accounting for 0.16% of the total share capital [3]. - The second and third largest shareholders, Fu Xin Investment and Zhong Kai Investment, also announced plans to reduce their holdings by approximately 9.34 million shares, representing 1% of the total share capital [6]. Group 3: Financial Performance - The company's net profit dropped to a record low of 17.03 million yuan in 2022, but showed significant recovery in 2023 and 2024. However, in the first three quarters of 2025, Jia Mei Packaging's profitability weakened again, with total revenue of 2.039 billion yuan, a year-on-year decrease of 1.94%, and a net profit of 39.16 million yuan, down 47.25% year-on-year [9]. - Despite the financial challenges, Jia Mei Packaging's stock price has been rising, with a 16% increase over three trading days, closing at 4.56 yuan per share on December 9, 2025, giving it a market value of 4.36 billion yuan [11].

Group 1: Company Performance and Strategy - In 2024, the company achieved a total revenue of approximately 3.2 billion CNY, with a net profit of about 183 million CNY, representing a year-on-year growth of approximately 19% [8] - The company is focusing on its "full industry chain beverage service platform" strategy, which is steadily advancing with positive trends in traditional core customer growth, new customers, new products, and new business developments [5][9] - The first major customer’s share has significantly decreased from over 60% to just above 30%, reducing dependency risks on a single client [11] Group 2: Market Trends and Customer Base - The beverage market is entering a period of iteration, with new consumption brands emerging and traditional brands evolving, particularly in plant-based and protein beverages, which align with health trends [12][13] - The company has established a stable order quantity in its traditional core advantage business, maintaining an average level comparable to normal years [5][10] - New customers and potential clients in various beverage segments, including energy drinks and plant-based beverages, have shown significant order growth [5][8] Group 3: Operational Adjustments and Challenges - In Q1 2025, despite a significant decline in performance compared to the previous year, the company maintained stability at the average level for a "small year" in the beverage industry [10] - The company is actively adjusting its structure and controlling costs to navigate the challenging external environment, focusing on cross-selling among core customers and enhancing OEM capabilities [9][10] - The company’s export business has also seen breakthroughs, contributing to overall stability in order quantities [5] Group 4: Future Growth and Development Plans - The company plans to continue leveraging its capital market advantages to explore suitable acquisition opportunities that align with its strategic goals [9][14] - The flexible filling model is expected to become a new growth point, with significant order scale and frequency increases anticipated [14] - The company aims to enhance its overall profitability by focusing on both internal growth and external expansion strategies [9][12]