New Risk • May 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 5.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (3.1% net profit margin). Shareholders have been diluted in the past year (16% increase in shares outstanding). Reported Earnings • Apr 27
First quarter 2026 earnings released: EPS: CN¥0.061 (vs CN¥0.013 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.061 (up from CN¥0.013 in 1Q 2025). Revenue: CN¥857.4m (up 42% from 1Q 2025). Net income: CN¥66.9m (up 432% from 1Q 2025). Profit margin: 7.8% (up from 2.1% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 27
Jiamei Food Packaging (Chuzhou) Co.,Ltd, Annual General Meeting, May 18, 2026 Jiamei Food Packaging (Chuzhou) Co.,Ltd, Annual General Meeting, May 18, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chuzhou, Anhui China Announcement • Mar 31
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Q1, 2026 Results on Apr 27, 2026 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Dec 31
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Fiscal Year 2025 Results on Apr 27, 2026 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report fiscal year 2025 results on Apr 27, 2026 New Risk • Dec 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥4.56, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 38x in the Packaging industry in China. Total returns to shareholders of 24% over the past three years. Reported Earnings • Oct 26
Third quarter 2025 earnings released: EPS: CN¥0.02 (vs CN¥0.018 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.02 (up from CN¥0.018 in 3Q 2024). Revenue: CN¥782.6m (up 11% from 3Q 2024). Net income: CN¥19.4m (up 15% from 3Q 2024). Profit margin: 2.5% (up from 2.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Q3, 2025 Results on Oct 27, 2025 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report Q3, 2025 results on Oct 27, 2025 Announcement • Jul 02
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report First Half, 2025 Results on Aug 28, 2025 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report first half, 2025 results on Aug 28, 2025 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥4.07, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 35x in the Packaging industry in China. Total returns to shareholders of 9.1% over the past three years. Declared Dividend • May 22
Dividend of CN¥0.01 announced Shareholders will receive a dividend of CN¥0.01. Ex-date: 27th May 2025 Payment date: 27th May 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 1.0% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 1.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: CN¥0.013 (vs CN¥0.05 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.013 (down from CN¥0.05 in 1Q 2024). Revenue: CN¥602.5m (down 17% from 1Q 2024). Net income: CN¥12.6m (down 74% from 1Q 2024). Profit margin: 2.1% (down from 6.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 25
Jiamei Food Packaging (Chuzhou) Co.,Ltd, Annual General Meeting, May 15, 2025 Jiamei Food Packaging (Chuzhou) Co.,Ltd, Annual General Meeting, May 15, 2025, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chuzhou, Anhui China Announcement • Mar 31
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Q1, 2025 Results on Apr 25, 2025 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report Q1, 2025 results on Apr 25, 2025 Announcement • Dec 31
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: CN¥0.018 (vs CN¥0.033 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.018 (down from CN¥0.033 in 3Q 2023). Revenue: CN¥702.7m (down 9.4% from 3Q 2023). Net income: CN¥16.9m (down 47% from 3Q 2023). Profit margin: 2.4% (down from 4.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Q3, 2024 Results on Oct 28, 2024 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report Q3, 2024 results on Oct 28, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥3.23, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 27x in the Packaging industry in China. Total loss to shareholders of 33% over the past three years. Announcement • Aug 31
Jiamei Food Packaging (Chuzhou) Co.,Ltd Announces Dividend on Share A for Year 2024, Payable on September 6, 2024 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced Cash dividend/10 shares (tax included): CNY 0.15000000 on share A for the interim 2024. Record date: 05 September 2024, Ex-date: 06 September 2024, Payment date: 06 September 2024. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.004 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.01 (up from CN¥0.004 in 2Q 2023). Revenue: CN¥650.0m (up 2.4% from 2Q 2023). Net income: CN¥9.38m (up 177% from 2Q 2023). Profit margin: 1.4% (up from 0.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report First Half, 2024 Results on Aug 28, 2024 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report first half, 2024 results on Aug 28, 2024 Declared Dividend • May 23
Dividend of CN¥0.03 announced Shareholders will receive a dividend of CN¥0.03. Ex-date: 28th May 2024 Payment date: 28th May 2024 Dividend yield will be 7.6%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 12% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 82% to shift the payout ratio to a potentially unsustainable range, which is more than the 1.6% EPS decline seen over the last 5 years. Announcement • Apr 28
Jiamei Food Packaging (Chuzhou) Co.,Ltd, Annual General Meeting, May 16, 2024 Jiamei Food Packaging (Chuzhou) Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Chuzhou, Anhui China Agenda: To consider 2023 work report of the board of directors;to consider 2023 work report of the supervisory committee;to consider 2023 annual accounts report;to consider 2024 financial budget report;to consider Reappointment of 2024 financial audit firm;to consider 2024 remuneration for directors, supervisors and senior management;to consider 2023 profit distribution plan;to consider 2023 internal control self-evaluation report;to consider 2023 annual report and its summary; and to consider other business matters. Announcement • Apr 27
Jiamei Food Packaging (Chuzhou) Co.,Ltd Announces Profit Distribution Proposal for 2023 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included) of CNY 0.30000000. Announcement • Mar 30
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Q1, 2024 Results on Apr 26, 2024 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥3.47, the stock trades at a trailing P/E ratio of 44.3x. Average trailing P/E is 31x in the Packaging industry in China. Total loss to shareholders of 15% over the past three years. Buy Or Sell Opportunity • Jan 31
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to CN¥3.69. The fair value is estimated to be CN¥4.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 24%. Announcement • Jan 19
Jiamei Food Packaging (Chuzhou) Co.,Ltd. Announces Special Profit Distribution Plan to Be Implemented (A Shares) for the Year 2023, Payable on January 24, 2024 Jiamei Food Packaging (Chuzhou) Co.,Ltd. announced special profit distribution plan to be implemented (A shares) of CNY 2.30000000 per 10 shares for the year 2023. Dividend payable on January 24, 2024, Ex-date of 24 January 2024 and record date of January 23, 2024. Announcement • Dec 29
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 Announcement • Dec 17
Jiamei Food Packaging (Chuzhou) Co.,Ltd Announces Director and Supervisor Elections Jiamei Food Packaging (Chuzhou) Co.,Ltd at the Extraordinary General Meeting of 2023 held on 14 December 2023, elected Chen Min and Wen Qian, non-independent director. The company elected Han Xiaofang, He Bingyu and Zhang Xuejun as independent director. The company elected Gan Hong as non-employee supervisor. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.033 (vs CN¥0.005 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.033 (up from CN¥0.005 in 3Q 2022). Revenue: CN¥775.6m (up 7.5% from 3Q 2022). Net income: CN¥31.7m (up CN¥26.5m from 3Q 2022). Profit margin: 4.1% (up from 0.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Q3, 2023 Results on Oct 30, 2023 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report Q3, 2023 results on Oct 30, 2023 Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.003 (vs CN¥0.011 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.003 (up from CN¥0.011 loss in 2Q 2022). Revenue: CN¥634.9m (up 1.9% from 2Q 2022). Net income: CN¥3.39m (up CN¥13.7m from 2Q 2022). Profit margin: 0.5% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • Jun 02
Jiamei Food Packaging (Chuzhou) Co.,Ltd Announces Cash Dividend of A Shares for the Year 2022, Payment Date Is 08 June 2023 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced cash dividend/10 shares (tax included) of CNY 0.1100000 of A shares for the year 2022. Record date is 07 June 2023. Ex-date is 08 June 2023. Payment date 08 June 2023. Announcement • May 20
Jiamei Food Packaging (Chuzhou) Co.,Ltd Approves Cash Dividend for 2022 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that at its AGM held on 18 May 2023, the shareholders approved 2022 profit distribution plan as cash dividend/10 shares (tax included): CNY 0.11000000. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Benzhao Zhang was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.005 (vs CN¥0.022 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.005 (down from CN¥0.022 in 3Q 2021). Revenue: CN¥721.3m (down 15% from 3Q 2021). Net income: CN¥5.18m (down 76% from 3Q 2021). Profit margin: 0.7% (down from 2.5% in 3Q 2021). The decrease in margin was driven by lower revenue. Announcement • May 26
Jiamei Food Packaging (Chuzhou) Co.,Ltd Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2021, Payable on May 30, 2022 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.11000000 for the year 2021, payable on 30 May 2022. Record date: 27 May 2022. Ex-date: 30 May 2022. Net cash dividend per ten shares after tax: CNY 0.09900000(CNY 0.11000000- CNY 0.01100000). Announcement • May 15
Jiamei Food Packaging (Chuzhou) Co.,Ltd Approves Cash Dividend Jiamei Food Packaging (Chuzhou) Co.,Ltd at the AGM held on 12 May 2022, approved cash dividend (tax included) of CNY 0.11000000 per 10 shares. Announcement • Apr 24
Jiamei Food Packaging (Chuzhou) Co.,Ltd, Annual General Meeting, May 12, 2022 Jiamei Food Packaging (Chuzhou) Co.,Ltd, Annual General Meeting, May 12, 2022, at 14:00 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2022 financial budget report; to consider reappointment of 2022 financial audit firm; to consider 2022 remuneration for directors, supervisors and senior management; to consider 2021 profit distribution plan; to consider 2021 internal control self-evaluation report; to consider 2021 annual report and its summary; and to consider other matters. Announcement • Apr 23
Jiamei Food Packaging (Chuzhou) Co.,Ltd Proposes Final Dividend for 2021 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced on 22 April 2022 the profit distribution proposal for 2021 of CNY 0.11000000 per 10 shares (tax included). Reported Earnings • Aug 31
Second quarter 2021 earnings released: EPS CN¥0.025 (vs CN¥0.008 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥677.6m (up 130% from 2Q 2020). Net income: CN¥24.1m (up CN¥31.2m from 2Q 2020). Profit margin: 3.6% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥5.50, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 27x in the Packaging industry in China. Total loss to shareholders of 40% over the past year. Announcement • May 26
Jiamei Food Packaging (Chuzhou) Co.,Ltd Implements A Shares Final Cash Distribution for 2020, Payable on 31 May 2021 Jiamei Food Packaging (Chuzhou) Co.,Ltd implemented A shares final cash distribution of CNY 0.10000000 per 10 shares for 2020. Record date: 28 May 2021. Ex-date: 31 May 2021. Payment date: 31 May 2021. Announcement • May 21
Jiamei Food Packaging (Chuzhou) Co.,Ltd Approves Cash Dividend for 2020 Jiamei Food Packaging (Chuzhou) Co.,Ltd approved cash dividend (tax included) of CNY 0.10000000 per 10 shares for 2020 at the AGM held on May 18, 2021. Announcement • Apr 29
Jiamei Food Packaging (Chuzhou) Co.,Ltd Announces Final Dividend Profit Distribution Proposal for 2020 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced final dividend profit distribution proposal for 2020 as follows Cash dividend/10 shares (tax included): CNY 0.10000000. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥6.00, the stock is trading at a trailing P/E ratio of 56.4x, up from the previous P/E ratio of 48.1x. This compares to an average P/E of 31x in the Packaging industry in China. Total return to shareholders over the past year is a loss of 36%. Is New 90 Day High Low • Feb 03
New 90-day low: CN¥4.60 The company is down 31% from its price of CN¥6.63 on 05 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 6.0% over the same period. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥4.88 The company is down 35% from its price of CN¥7.50 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 21
New 90-day low: CN¥6.31 The company is down 17% from its price of CN¥7.61 on 22 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 27
New 90-day low: CN¥6.39 The company is down 43% from its price of CN¥11.30 on 28 August 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is down 4.0% over the same period. Announcement • Nov 12
Jiamei Food Packaging (Chuzhou) Co.,Ltd Approves Election of Directors and Supervisors Jiamei Food Packaging (Chuzhou) Co.,Ltd, at the Extraordinary General Meeting held on 10 November 2020, approved election of Chen Min, Zhang Wukai, Wang Jianlong, Wei Dong, Hu Kangning and Jiang Yan as non-independent directors, Zhang Benzhao, Liang Jian and Huang Xiaoying as independent directors and Guan Yixiong and Zhang Xianghua as non-employee supervisors. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥99.3m, down 45% from the prior year. Total revenue was CN¥2.22b over the last 12 months, down 17% from the prior year. Is New 90 Day High Low • Oct 23
New 90-day low: CN¥7.00 The company is down 13% from its price of CN¥8.04 on 24 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 7.0% over the same period. Announcement • Oct 17
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report Q3, 2020 Results on Oct 23, 2020 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report Q3, 2020 results on Oct 23, 2020 Is New 90 Day High Low • Sep 24
New 90-day low: CN¥7.31 The company is down 3.0% from its price of CN¥7.53 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 20% over the same period. Announcement • Aug 14
Jiamei Food Packaging (Chuzhou) Co.,Ltd to Report First Half, 2020 Results on Aug 31, 2020 Jiamei Food Packaging (Chuzhou) Co.,Ltd announced that they will report first half, 2020 results on Aug 31, 2020 
