NOVEL(SZ:002014)2022-12-03 10:48Financial Performance - In 2018, the company achieved a revenue growth of 16.13% year-on-year, with a net profit of 225 million, reflecting an increase of 9.66% [2] - The GDP growth rate for 2018 was 6.6%, while the Kantar Consumer Index reported a 4.3% increase in sales of fast-moving consumer goods [2] Industry Position and Strategy - The company has a history of nearly 30 years in the flexible packaging industry, maintaining a strong grasp of industry policies and market trends [3] - Environmental investments and infrastructure upgrades in 2018 began to yield results, leading to breakthroughs in specific market segments and improved relationships with key clients [3] - The competitive landscape is expected to remain dominated by major players in the high-end market, while smaller companies will target regional low-end markets [4] Future Outlook - The company aims to balance rapid growth with steady progress, actively seeking merger and acquisition opportunities that align with its core business for sustainable development [4] - Since its IPO in 2004, the company has raised a total of 848 million, demonstrating a stable financial trajectory supported by investors and shareholders [4] - The company plans to focus on product excellence and brand influence in niche markets, while also pursuing recognition and support in the capital market [5] Environmental Considerations - Despite concerns about plastic's environmental impact, the application of biodegradable materials remains limited, and the company is committed to developing environmentally friendly and sustainable packaging solutions [5] - The company is investing in research and development to enhance product intelligence and user experience through emerging technologies [5]