JINJIA(SZ:002191)2022-12-03 09:12Financial Performance - The company achieved a revenue of 2.377 billion yuan in the first three quarters of 2018, representing a year-on-year growth of 13.21% [2] - The net profit attributable to shareholders was 546 million yuan, with a year-on-year increase of 25.28% [2] - Sales revenue from cigarette labels grew by 9.12% year-on-year [3] - Sales revenue from color boxes surged by 76.26% year-on-year [3] Strategic Developments - The company is actively establishing joint ventures with various partners, including Yunnan Tobacco and Xiaomi, to explore new tobacco products and health technologies [4][7] - The company has launched a global traceability platform for its products, enhancing the added value of its packaging [4] - A strategic cooperation agreement was signed with Yunnan Tobacco to advance technology research and product promotion in the new tobacco sector [4][7] Market Opportunities - The company is focusing on high-growth opportunities in the market for fine-cut cigarettes, flavored cigarettes, and premium cigarettes [3][10] - The adjustment of the tobacco consumption tax is seen as a potential opportunity for the company to enhance its competitive edge through innovation in branding and packaging [5] Research and Development - The company has increased its R&D expenses, reflecting a commitment to innovation and product development [6] - Collaboration with Ant Financial to integrate blockchain technology into packaging for anti-counterfeiting measures [6] Regulatory Environment - The domestic regulatory framework for new tobacco products is still developing, with recent discussions indicating a focus on balancing traditional and new tobacco products [9][10] - The company is prepared for potential regulatory changes that could benefit established players in the new tobacco market [10]