Core Viewpoint - The report highlights significant growth in key financial metrics for Jihong Co., following its successful listing on the Hong Kong Stock Exchange, marking it as the first domestic cross-border social e-commerce and fast-moving consumer goods packaging A+H share company [1] Financial Performance - The company achieved a revenue of 3.234 billion yuan, representing a year-on-year increase of 31.79% [1] - The net profit attributable to shareholders reached 118 million yuan, up 63.27% year-on-year [1] - The net profit excluding non-recurring items was 113 million yuan, reflecting a 79.43% increase [1] - Operating cash flow net amount was 183 million yuan, a substantial increase of 377.8% year-on-year [1] Cross-Border E-Commerce Business - The cross-border social e-commerce segment generated revenue of 2.116 billion yuan, a growth of 52.91% year-on-year [2] - The net profit attributable to shareholders from this segment was 55.4 million yuan, marking a 97.67% increase [2] - The company utilizes an AI-driven "goods find people" model for targeted advertising on major social platforms, promoting Chinese industrial products globally [2] - The proprietary "Giikin 3.0" system integrates with various AI models to automate the entire process from product selection to customer service [2] - The business has expanded to over 40 countries and regions, maintaining a leading ROI in advertising [2] Packaging Business - The packaging segment reported revenue of 1.115 billion yuan, with a year-on-year growth of 10.04% [3] - The net profit attributable to shareholders in this segment was 75.7 million yuan, an increase of 34.43% [3] - The company maintains the top market share in domestic paper-based fast-moving consumer goods packaging [3] - The growth in food-grade eco-friendly packaging orders is driven by partnerships with major brands like Luckin Coffee, KFC, and McDonald's [3] - The company operates over 10 large packaging production bases nationwide, all certified under various quality and environmental management systems [3] Future Strategy - Jihong Co. plans to increase investment in AI research and its own brand development to enhance its cross-border e-commerce business [3] - The packaging division aims to focus on sustainability through green, intelligent, and low-carbon initiatives, while expanding its overseas market presence [3] - The company intends to leverage the advantages of Hong Kong's international financial center to deepen global market penetration and enhance brand value [3]