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