JINJIA(SZ:002191)2022-12-03 09:08Group 1: Business Operations - The company's main packaging business focuses on cigarette labels, enhancing design, research and development, and equipment upgrades to maintain competitive advantages [2] - In the first three quarters, sales revenue from color box products increased by 76.26% year-on-year, driven by automation and new customer development [3] Group 2: Industry Trends - The tobacco industry saw a decline in production and sales in 2016 due to policy impacts and high channel inventory, but stabilized in 2017, with a positive growth trend observed in 2018 [3] - The company benefits from the rapid development of new cigarette categories, particularly fine cigarettes, which contributes to revenue and profit growth [3] Group 3: New Product Development - The company has obtained a total of 40 effective patents in the field of new tobacco products, including 12 invention patents and 28 utility model patents [4] - Collaborations with partners like Xiaomi and Huayu are aimed at developing new tobacco products, leveraging their respective strengths in design and technology [4] Group 4: Financial Policies - The profit distribution plan for 2018 has not yet been established, but the company has a history of cash dividends and aims to continue rewarding shareholders [5] - Future capital expenditures will focus on core businesses, including cigarette label and premium color box operations, as well as investments in new tobacco products [5]