Core Viewpoint - Jiyou Co., Ltd. is a leading enterprise in the tobacco packaging materials sector, particularly in cigarette packaging paper, with a full industry chain advantage and high product quality and technology levels [1] Group 1: Business Performance - In Q3 2025, Jiyou's revenue was 128 million yuan, ranking 21st among 21 companies in the industry, significantly lower than the top company Yutong Technology at 12.601 billion yuan and the second company Hexing Packaging at 7.743 billion yuan [2] - The main business revenue from packaging printing products was 101 million yuan, accounting for 96.85% of total revenue, while other business revenue was 3.2729 million yuan, making up 3.15% [2] - The net profit for the same period was -6.5274 million yuan, ranking 18th in the industry, far below the top company Yutong Technology's 1.161 billion yuan and the second company Meiyingsen's 262 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Jiyou's debt-to-asset ratio was 7.17%, down from 13.48% year-on-year, significantly lower than the industry average of 35.30%, indicating strong debt repayment capability [3] - The gross profit margin for the same period was 9.45%, a substantial decrease from 36.60% year-on-year, and below the industry average of 21.53%, suggesting a need for improvement in profitability [3] Group 3: Leadership and Shareholder Information - The chairman and actual controller of the company, Xu Shanshui, saw his salary decrease from 732,000 yuan in 2023 to 712,000 yuan in 2024, a reduction of 20,000 yuan [4] - As of September 30, 2025, the number of A-share shareholders increased by 7.97% to 15,500, while the average number of circulating A-shares held per account decreased by 7.38% to 33,700 [5]

Company Overview - Jiyou Co., Ltd. is located in Taihu County Economic Development Zone, Anqing City, Anhui Province, established on September 15, 1998, and listed on January 24, 2017. The company specializes in the research, production, and sales of cigarette packaging paper, sealing paper, cigarette labels, and aluminum foil products. The main business revenue composition is 96.85% from packaging printing products and 3.15% from others [1]. Stock Performance - On September 25, Jiyou's stock price increased by 2.03%, reaching 13.55 CNY per share, with a trading volume of 161 million CNY and a turnover rate of 2.30%, resulting in a total market capitalization of 7.107 billion CNY [1]. - Year-to-date, Jiyou's stock price has risen by 116.45%, with a 19.28% increase over the last five trading days, 37.84% over the last 20 days, and 44.15% over the last 60 days [1]. - The company has appeared on the daily trading leaderboard seven times this year, with the most recent appearance on September 22, where it recorded a net purchase of 4.642 million CNY [1]. Financial Performance - For the first half of 2025, Jiyou reported an operating income of 10.4 million CNY, a year-on-year decrease of 63.38%. The net profit attributable to shareholders was -1.3871 million CNY, showing a year-on-year increase of 97.99% [2]. - Since its A-share listing, Jiyou has distributed a total of 325 million CNY in dividends, with 75.3878 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, Jiyou had 14,400 shareholders, a decrease of 4.94% from the previous period, with an average of 36,435 circulating shares per shareholder, an increase of 5.20% [2].

Group 1 - The core viewpoint of the news highlights the recent stock performance and trading activity of Jiyou Co., Ltd., indicating a significant increase in stock price this year, with an 85.14% rise year-to-date [1] - As of September 19, Jiyou's stock price reached 11.59 CNY per share, with a total market capitalization of 6.079 billion CNY [1] - The company has experienced a net outflow of main funds amounting to 10.50 million CNY, with large orders showing mixed buying and selling activity [1] Group 2 - Jiyou Co., Ltd. operates in the light industry manufacturing sector, specifically in packaging and printing, with a focus on tobacco-related products [2] - As of June 30, the number of shareholders decreased by 4.94% to 14,400, while the average circulating shares per person increased by 5.20% to 36,435 shares [2] - For the first half of 2025, Jiyou reported a revenue of 10.4 million CNY, a year-on-year decrease of 63.38%, while the net profit attributable to the parent company was -1.39 million CNY, reflecting a 97.99% increase year-on-year [2] Group 3 - Since its A-share listing, Jiyou has distributed a total of 325 million CNY in dividends, with 75.39 million CNY distributed over the past three years [3]

Company Overview - Jiyou Co., Ltd. is located in Taihu County Economic Development Zone, Anqing City, Anhui Province, established on September 15, 1998, and listed on January 24, 2017. The company primarily engages in the research, production, and sales of cigarette packaging paper, sealing paper, cigarette labels, and aluminum foil products. The main business revenue composition is 96.85% from packaging printing products and 3.15% from others [1]. Stock Performance - As of September 12, Jiyou's stock price decreased by 2.01%, trading at 11.71 CNY per share, with a total market capitalization of 6.142 billion CNY. The stock has increased by 87.06% year-to-date, with a 6.65% rise over the last five trading days, 19.13% over the last 20 days, and 22.62% over the last 60 days [1]. - The company has appeared on the daily trading leaderboard six times this year, with the most recent appearance on September 10, where it recorded a net buy of -14.0482 million CNY [1]. Financial Performance - For the first half of 2025, Jiyou Co., Ltd. reported operating revenue of 10.4 million CNY, a year-on-year decrease of 63.38%. The net profit attributable to the parent company was -1.3871 million CNY, showing a year-on-year increase of 97.99% [2]. - Since its A-share listing, Jiyou has distributed a total of 325 million CNY in dividends, with 75.3878 million CNY distributed over the past three years [3]. Shareholder Information - As of June 30, the number of shareholders for Jiyou Co., Ltd. was 14,400, a decrease of 4.94% from the previous period. The average circulating shares per person increased by 5.20% to 36,435 shares [2].

Core Viewpoint - The report indicates a significant decline in the company's financial performance for the first half of 2025, with a notable drop in revenue and net profit, reflecting challenges in the packaging printing industry and the company's ongoing transformation efforts [1][2][4]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately 103.95 million yuan, a decrease of 63.38% compared to the same period last year [2][4]. - The total profit for the period was approximately 845,000 yuan, contrasting sharply with a loss of about 55.84 million yuan in the previous year [2][4]. - The net profit attributable to shareholders was approximately -1.39 million yuan, a significant decline from a loss of about 69.16 million yuan in the same period last year [2][4]. - The net cash flow from operating activities was approximately -22.51 million yuan, compared to -96.92 million yuan in the previous year [2][4]. Industry Overview - The packaging printing industry is a crucial part of the national economy, integrating manufacturing and service sectors, and has seen gradual market expansion in recent years [4]. - In the first half of 2025, the printing and recording media reproduction industry reported a revenue of approximately 314.11 billion yuan, with a slight decline of 0.3% year-on-year [4]. Business Strategy and Transformation - The company is focusing on transforming its business model by leveraging its strengths in industry experience, technology, product quality, and new product development [4][5]. - Efforts are being made to optimize personnel structure and reduce costs while exploring new markets and products in the social packaging printing sector [4][5]. - The company is also working on establishing a research and development base for solid-state battery key materials to support its transition into the energy materials sector [5]. Key Financial Indicators - Basic earnings per share for the reporting period were -0.003 yuan, compared to -0.13 yuan in the previous year [2][3]. - The weighted average return on net assets was -0.11%, down from -4.67% in the previous year [3]. - The total assets at the end of the reporting period were approximately 1.36 billion yuan, a decrease of 2.69% from the previous year [2][3]. Operational Challenges - The decline in revenue is attributed to a decrease in cigarette packaging printing business and the reduction in the scope of consolidation due to the disposal of certain subsidiaries [4][7]. - The company faces high customer concentration risks, which could adversely affect its business if major customers reduce their demand [8].