JinFu(003018)2023-07-19 10:14Group 1: Company Overview and Business Model - Jinfu Technology is a leading player in the bottle cap industry, focusing on R&D, production, and sales of bottle caps for food and beverage packaging [2] - Since its listing in 2020, the company has expanded its main business from solely producing water bottle caps to include caps for beverages and food, achieving steady growth in sales [2][3] - The company aims to enhance its "one-stop comprehensive service" capability through continuous innovation and the development of automated and intelligent production technologies [3] Group 2: Growth Strategies and Market Expansion - Jinfu Technology is actively constructing production bases in Sichuan, Hunan, and Guangxi to increase capacity and diversify its product offerings, including new types of caps for beverages and condiments [3] - The company has acquired new land in Dongguan for its South China headquarters and intelligent production base, aiming to expand into personal care and medical packaging [3] - Following the acquisition of Xiangzhao Technology in 2021, the company has improved product quality and reduced defect rates, leading to rapid growth in the new pull-ring cap business [3] Group 3: International Market Development - The company is strengthening its sales team for international markets and exploring various marketing models to enhance its global sales efforts [3] - Jinfu Technology's production bases primarily serve domestic markets, with plans to adjust based on international market expansion [3] - The company has successfully met sales commitments for Xiangzhao Technology for the years 2021 and 2022, indicating strong performance in the international market [3]