JINJIA(SZ:002191)2022-12-03 08:58Financial Performance - In 2018, the company achieved total revenue of 3,372.55 million CNY, a year-on-year increase of 14.51% [3] - The net profit attributable to shareholders was 726.59 million CNY, reflecting a growth of 26.49% compared to the previous year [3] - The sales revenue from the cigarette label business was approximately 2.6 billion CNY, up 8.05% from 2.375 billion CNY in 2017 [5] - The sales revenue from color box products reached 480.32 million CNY, marking a significant increase of 79.81% [4] Business Segments - The cigarette label business benefited from the overall positive trend in the tobacco industry, with a sales growth rate of 8.05% [3] - The color box segment, including packaging for 3C products and premium gift boxes, saw a revenue increase of 79.81% [4] - The new materials supply system construction is underway, with a focus on expanding the supply of new materials and enhancing export business [4] Strategic Initiatives - The company has established a joint venture with Xiaomi's ecosystem company to develop new tobacco products, including electronic cigarettes and heated non-combustion devices [5] - A strategic cooperation agreement was signed with Yunnan Tobacco in August 2018 to leverage new tobacco development opportunities [6] - The company is focusing on R&D and production of new tobacco devices, aiming to meet market demands and maintain competitive advantages [7] Non-Recurring Gains - Non-recurring gains in 2018 included approximately 27.8 million CNY from financial investments and 19.8 million CNY from government subsidies [6] Industry Outlook - The tobacco industry is expected to maintain a positive trend in 2019, supported by supply-side reforms and decreasing inventory levels [7] - The company anticipates benefiting from its leading position in the cigarette label market, driven by scale advantages and innovation capabilities [8]