HXPP(SZ:002228)2022-12-04 08:58Group 1: Company Overview - The company focuses on integrating and improving efficiency in the packaging industry through a service platform [2] - The packaging supply chain cloud platform (PSCP) aims to facilitate information, business, and financial flows among various stakeholders in the packaging industry [2][4] Group 2: Market Context - The packaging industry has experienced a slowdown in growth, with overall excess capacity, intensified competition, and significant financial pressure on companies [4] - The need for industry consolidation and the elimination of excess capacity is urgent [4] Group 3: Major Clients - Key clients include major brands such as Midea, Gree, AB InBev, Qingdao Beer, Haier, JD.com, Yili, and Unilever [4] Group 4: Impact of Raw Material Prices - Continuous decline in paper prices affects the company; however, price adjustments in procurement and sales are subject to a lag [4] - The company adjusts product prices based on market conditions, with variations across different products [4] Group 5: Management Innovations - The company has developed a modern ERP system that integrates various operational aspects, including procurement, production, sales, customer relations, and logistics [5] - A KPI management system is in place to monitor financial and production data, enabling quick responses to anomalies [5] - The management model combines efficiency and scale, achieving organic integration of subsidiary operations [5]