JINJIA(SZ:002191)2022-12-06 01:31Group 1: Company Performance and Strategy - The company's net profit has declined due to the overall slowdown in domestic economic growth and adjustments in the tobacco industry [1] - The company is actively expanding its market presence while maintaining its competitive advantage in the cigarette label sector [2] - New profit growth points are expected from ongoing investments in new packaging and packaging material networking projects [2] Group 2: Investment and Partnerships - The company has participated in the establishment of "Huada Beidou," a joint venture with multiple partners, including the Shenzhen government [2] - The joint venture aims to acquire assets from the China Electronics Corporation's satellite navigation division [2] - The partnership with Huada Beidou is part of a strategic layout to apply new technologies in packaging, including chip and data encryption technologies [4] Group 3: Chip Technology and Integration - Huada Electronics is a leading company in China for GNSS chip design, with a significant market share and a strong technical team [3] - The joint venture will focus on integrating resources for chip, algorithm, module, and terminal product design and production [4] - The company aims to provide customized encryption solutions to enhance traditional packaging through new technologies [5] Group 4: Market Expansion and Acquisitions - The company plans to maintain its leading position in cigarette label design and technology while seeking quality acquisition targets [5] - The overseas cigarette label business is stable, with sufficient capacity to meet both domestic and international demand [5] - The company has established a platform in Hong Kong to actively explore overseas markets to improve overall profitability [5] Group 5: Future Collaborations - Future collaborations with Fosun are expected to focus on large packaging industry extensions, joint investments in the health sector, and global business expansion [6]