JINJIA(SZ:002191)2023-09-13 01:40Group 1: Production and Market Performance - The company has completed the comprehensive upgrade of QR code packaging and production line, with a reasonable production plan in place for the second half of the year [1] - Despite challenges in some regional markets, certain areas have shown better performance compared to the same period last year [1] Group 2: New Tobacco Business Strategy - The company focuses on compliance with regulations in the new tobacco sector, with a core business in vapor electronic cigarette OEM and supporting services [2] - In the domestic market, the company provides ODM/OEM and supply chain services for new tobacco products, leveraging unique technical advantages [2] Group 3: Supply Chain Operations - The supply chain business includes paper supply chain for packaging materials and electronic cigarette supply chain services, which help mitigate risks from raw material price fluctuations [2] - The company offers assembly, export trade, and logistics services to enhance customer engagement in the electronic cigarette sector [2] Group 4: Market Outlook and Investment Plans - In the first half of 2023, the national export of electronic cigarettes reached 37.78 billion yuan, with Shenzhen accounting for 26.2 billion yuan, a year-on-year increase of 35.8% [3] - The company plans to continue expanding its new tobacco industry chain and is open to investment and acquisition opportunities in compliance with regulations [3] Group 5: Packaging and Printing Business - The company enhances production efficiency in its main business of cigarette label printing and color box production through lean management and technological advancements [3] - Continuous investment in new technology and automation is aimed at improving the conversion efficiency of specialized technologies [3]