Company Overview - Guangyuan Co., Ltd. was established in December 2000 and has developed into one of the largest packaging groups in East China, specializing in products such as offset, pre-printed, and water-printed cartons [1] - The company has a strong focus on technological innovation, having obtained 71 patents, including 7 invention patents and 64 utility model patents, and is recognized as a high-tech enterprise [1] Subsidiaries and Partnerships - Guangyuan Co., Ltd. operates several subsidiaries including Zhejiang Guangquan Packaging Co., Ltd., Jiangsu Guangyuan Packaging Co., Ltd., Jiangxi Guangyuan Packaging Co., Ltd., Anhui Guangyuan Packaging Co., Ltd., and Fujian Guangyuan Packaging Co., Ltd. [1] - The company has established stable partnerships with well-known domestic and international enterprises such as Budweiser APAC, China Resources Beer, and Nongfu Spring, earning accolades like "2023 Budweiser APAC Sustainable Development Excellent Supplier" [3] Financial Performance - The revenue for Guangyuan Co., Ltd. in 2022, 2023, and January to July 2024 was 717 million yuan, 650 million yuan, and 438 million yuan respectively, with corresponding net profits of 30.66 million yuan, 34.37 million yuan, and 19.26 million yuan [3] - Pre-printed cartons are the main revenue driver for the company, accounting for over 70% of total revenue [3] Product Revenue Structure - The revenue structure for Guangyuan's products from January to July 2024 is as follows: - Pre-printed cartons: 341.76 million yuan (77.94%) - Offset cartons: 61.39 million yuan (14.00%) - Water-printed cartons: 18.95 million yuan (4.32%) - Other cartons: 2.28 million yuan (0.52%) - Others: 14.10 million yuan (3.22%) [4] New Projects and Future Plans - Guangyuan Co., Ltd. is investing 500 million yuan to construct the East China Color Printing Center in Wuhu, Anhui, to meet market demand and enhance competitiveness [5] - The project, covering an area of 33,865.48 square meters, is expected to be operational by the end of December 2025, with projected sales of 800 million yuan and tax revenue of 50 million yuan upon full production [7] Market Position and Strategy - With the recent listing on the New Third Board, Guangyuan Co., Ltd. aims to leverage capital market resources to improve its operational system and governance structure, while increasing R&D investment to maintain its competitive edge in customer resources and supply chain management [7]