Announcement • May 07
Shanghai Sunglow Packaging Technology Co.,Ltd, Annual General Meeting, May 28, 2026 Shanghai Sunglow Packaging Technology Co.,Ltd, Annual General Meeting, May 28, 2026, at 14:00 China Standard Time. Location: 2F, Towe A, No. 666, Kangqiao Road, Pudong New Area, Shanghai China Announcement • Apr 24
Nanning Hemingqi Semiconductor Partnership Enterprise (Limited Partnership) agreed to acquire 13.19% stake in Shenzhen Kimtigo Semiconductor Co., Ltd. from Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) for approximately CNY 280 million. Nanning Hemingqi Semiconductor Partnership Enterprise (Limited Partnership) agreed to acquire 13.19% stake in Shenzhen Kimtigo Semiconductor Co., Ltd. from Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) for approximately CNY 280 million on April 21, 2026. Upon completion of this transaction, the Company will no longer hold any equity interest in Shenzhen Kimtigo Semiconductor Co., Ltd. Nanning Hemingqi Semiconductor Partnership Enterprise (Limited Partnership) will pay Shanghai Sunglow Packaging Technology Co., Ltd. 30% of the equity transfer price within fifteen working days after all precedent conditions are fulfilled, and the remaining 70% within sixty working days after all precedent conditions are fulfilled, for the acquisition of Shenzhen Kimtigo Semiconductor Co., Ltd. As of April 23, 2026, Shanghai Sunglow Packaging Technology Co.,Ltd has received CNY 82.8 million representing 30% of the total equity transfer payment from Nanning Hemingqi Semiconductor Partnership Enterprise (Limited Partnership).
For the period ending October 31, 2025, Shenzhen Kimtigo Semiconductor Co., Ltd. reported total revenue of CNY 3.23 billion and net income of CNY 196.51 million. As of October 31, 2025, Shenzhen Kimtigo Semiconductor Co., Ltd. reported total assets of CNY 3.05 billion and total common equity of CNY 179.08 million.
The transaction received approval from the board of Shanghai Sunglow Packaging Technology Co.,Ltd. This transaction does not require submission to the shareholders’ meeting for approval. Reported Earnings • Apr 22
Full year 2025 earnings released: EPS: CN¥0.38 (vs CN¥0.22 in FY 2024) Full year 2025 results: EPS: CN¥0.38 (up from CN¥0.22 in FY 2024). Revenue: CN¥1.03b (up 17% from FY 2024). Net income: CN¥116.3m (up 78% from FY 2024). Profit margin: 11% (up from 7.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Announcement • Mar 30
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Q1, 2026 Results on Apr 30, 2026 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Fiscal Year 2025 Results on Apr 21, 2026 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report fiscal year 2025 results on Apr 21, 2026 Reported Earnings • Oct 23
Third quarter 2025 earnings released: EPS: CN¥0.057 (vs CN¥0.062 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.057 (down from CN¥0.062 in 3Q 2024). Revenue: CN¥226.8m (flat on 3Q 2024). Net income: CN¥17.2m (down 8.0% from 3Q 2024). Profit margin: 7.6% (down from 8.2% in 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Q3, 2025 Results on Oct 23, 2025 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report Q3, 2025 results on Oct 23, 2025 New Risk • Aug 27
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 6.7% 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 (6.7% average weekly change). New Risk • Aug 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.12 (vs CN¥0.033 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.12 (up from CN¥0.033 in 2Q 2024). Revenue: CN¥257.6m (up 38% from 2Q 2024). Net income: CN¥37.1m (up 279% from 2Q 2024). Profit margin: 14% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Announcement • Jun 30
Shanghai Sunglow Packaging Technology Co.,Ltd to Report First Half, 2025 Results on Aug 12, 2025 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report first half, 2025 results on Aug 12, 2025 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to CN¥16.26, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 35x in the Packaging industry in China. Total returns to shareholders of 116% over the past three years. Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.024 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.024 in 1Q 2024). Revenue: CN¥257.7m (up 50% from 1Q 2024). Net income: CN¥41.2m (up CN¥36.3m from 1Q 2024). Profit margin: 16% (up from 2.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
Shanghai Sunglow Packaging Technology Co.,Ltd, Annual General Meeting, May 22, 2025 Shanghai Sunglow Packaging Technology Co.,Ltd, Annual General Meeting, May 22, 2025, at 14:00 China Standard Time. Location: 2F, Towe A, No. 666, Kangqiao West Road, Pudong New Area, Shanghai China Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥22.18, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 28x in the Packaging industry in China. Total returns to shareholders of 193% over the past three years. Announcement • Mar 28
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Q1, 2025 Results on Apr 26, 2025 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report Q1, 2025 results on Apr 26, 2025 Announcement • Dec 27
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Fiscal Year 2024 Results on Apr 26, 2025 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report fiscal year 2024 results on Apr 26, 2025 Reported Earnings • Oct 18
Third quarter 2024 earnings released: EPS: CN¥0.086 (vs CN¥0.012 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.086 (up from CN¥0.012 in 3Q 2023). Revenue: CN¥228.4m (up 32% from 3Q 2023). Net income: CN¥18.6m (up CN¥16.1m from 3Q 2023). Profit margin: 8.2% (up from 1.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Q3, 2024 Results on Oct 18, 2024 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report Q3, 2024 results on Oct 18, 2024 Announcement • Jun 28
Shanghai Sunglow Packaging Technology Co.,Ltd to Report First Half, 2024 Results on Jul 31, 2024 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report first half, 2024 results on Jul 31, 2024 New Risk • May 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 82% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Announcement • Apr 27
Shanghai Sunglow Packaging Technology Co.,Ltd, Annual General Meeting, May 16, 2024 Shanghai Sunglow Packaging Technology Co.,Ltd, Annual General Meeting, May 16, 2024, at 14:45 China Standard Time. Location: 2F, Towe A, No. 666, Kangqiao West Road, Pudong New Area, Shanghai China Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.024 (vs CN¥0.021 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.024 (up from CN¥0.021 in 1Q 2023). Revenue: CN¥171.4m (up 11% from 1Q 2023). Net income: CN¥4.92m (up 19% from 1Q 2023). Profit margin: 2.9% (up from 2.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Q1, 2024 Results on Apr 30, 2024 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report Q1, 2024 results on Apr 30, 2024 New Risk • Jan 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 43% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Announcement • Dec 30
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Fiscal Year 2023 Results on Apr 26, 2024 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Nov 24
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 6.6% 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 Share price has been volatile over the past 3 months (6.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.012 (vs CN¥0.012 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.012 (in line with 3Q 2022). Revenue: CN¥173.0m (down 1.4% from 3Q 2022). Net income: CN¥2.50m (flat on 3Q 2022). Profit margin: 1.4% (in line with 3Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Q3, 2023 Results on Oct 27, 2023 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: CN¥0.009 (vs CN¥0.002 loss in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.009 (up from CN¥0.002 loss in 2Q 2022). Revenue: CN¥166.4m (up 20% from 2Q 2022). Net income: CN¥1.75m (up CN¥2.24m from 2Q 2022). Profit margin: 1.1% (up from net loss in 2Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Packaging industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Shanghai Sunglow Packaging Technology Co.,Ltd to Report First Half, 2023 Results on Aug 08, 2023 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report first half, 2023 results on Aug 08, 2023 Reported Earnings • Apr 26
Full year 2022 earnings released: EPS: CN¥0.07 (vs CN¥0.09 loss in FY 2021) Full year 2022 results: EPS: CN¥0.07 (up from CN¥0.09 loss in FY 2021). Revenue: CN¥663.1m (up 2.4% from FY 2021). Net income: CN¥13.7m (up CN¥32.1m from FY 2021). Profit margin: 2.1% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Dec 05
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Juan Peng was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Oct 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 10.0%. The fair value is estimated to be CN¥9.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.012 (vs CN¥0 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.012 (up from CN¥0 in 3Q 2021). Revenue: CN¥175.6m (up 4.9% from 3Q 2021). Net income: CN¥2.48m (up CN¥2.46m from 3Q 2021). Profit margin: 1.4% (up from 0% in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 26
Second quarter 2022 earnings released: CN¥0.002 loss per share (vs CN¥0.017 loss in 2Q 2021) Second quarter 2022 results: CN¥0.002 loss per share (up from CN¥0.017 loss in 2Q 2021). Revenue: CN¥139.3m (down 17% from 2Q 2021). Net loss: CN¥492.2k (loss narrowed 86% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: CN¥0.008 (vs CN¥0.024 loss in 1Q 2021) First quarter 2022 results: EPS: CN¥0.008 (up from CN¥0.024 loss in 1Q 2021). Revenue: CN¥140.3m (up 16% from 1Q 2021). Net income: CN¥1.69m (up CN¥6.50m from 1Q 2021). Profit margin: 1.2% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 29
Second quarter 2021 earnings released: CN¥0.017 loss per share (vs CN¥0.034 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: CN¥167.7m (up 21% from 2Q 2020). Net loss: CN¥3.42m (down 151% from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2021 earnings released: CN¥0.024 loss per share (vs CN¥0.017 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: CN¥120.6m (up 90% from 1Q 2020). Net loss: CN¥4.81m (loss widened 47% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Feb 11
Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) intends to acquire Shanghai Refond Optoelectronics Co., Ltd. from Sun Xiangdong for approximately CNY 110 million. Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) intends to acquire Shanghai Refond Optoelectronics Co., Ltd. from Sun Xiangdong for approximately CNY 110 million on February 9, 2021. The consideration will be paid in cash. Shanghai Sunglow Packaging Technology Co.,Ltd intends to sign the relevant "Equity Transfer Agreement". Shanghai Refond Optoelectronics Co., Ltd. reported total assets of CNY 61.9 million and owner's equity of CNY 60.4 million as of January 31, 2021. The transaction was reviewed and approved at the 36th meeting of the second board of directors and the 25th meeting of the second board of supervisors. It still needs to be submitted to the Shanghai Sunglow Packaging Technology Co.,Ltd first extraordinary general meeting of shareholders in 2021 for deliberation. Announcement • Feb 05
Shanghai Muxin Asset Management Co Ltd completed the acquisition of 8.7% stake in Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) from Dong Jianjun. Shanghai Muxin Asset Management Co Ltd agreed to acquire 8.7% stake in Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) from Dong Jianjun for approximately CNY 130 million on December 23, 2020. Under the terms of the transaction Shanghai Muxin Asset Management Co Ltd will acquire 17.6 million shares for CNY 7.64 per share.
Shanghai Muxin Asset Management Co Ltd completed the acquisition of 8.7% stake in Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) from Dong Jianjun on February 4, 2021. Post acquisition Dong Jianjun will no longer hold any stake and Shanghai Muxin Asset Management Co Ltd will hold 8.7% stake in Shanghai Sunglow Packaging Technology Co.,Ltd. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥7.05 The company is down 28% from its price of CN¥9.76 on 06 November 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 3.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥8.00 The company is down 20% from its price of CN¥10.01 on 30 September 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 7.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day low: CN¥9.17 The company is down 25% from its price of CN¥12.25 on 11 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 flat over the same period. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.13m, down 96% from the prior year. Total revenue was CN¥418.4m over the last 12 months, up 30% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥9.99 The company is down 20% from its price of CN¥12.54 on 31 July 2020. The Chinese market is down 1.0% 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. Announcement • Oct 28
Shanghai Sunglow Packaging Technology Co.,Ltd to Report Q3, 2020 Results on Oct 30, 2020 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report Q3, 2020 results on Oct 30, 2020 Is New 90 Day High Low • Sep 25
New 90-day low: CN¥11.22 The company is down 14% from its price of CN¥12.99 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 17% over the same period. Announcement • Sep 15
Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) completed the acquisition of CHS Packaging Technology (Shanghai) Co., Ltd. Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) signed a share transfer agreement to acquire CHS Packaging Technology (Shanghai) Co., Ltd. for CNY 17.1 million on August 19, 2020. For the year ending December 31, 2019, CHS Technology reported total assets worth CNY 65.9 million, owner’s liability of CNY 17.41 million, revenue worth CNY 101.64 million and a net profit of CNY 2.58 million. The transaction was approved by the 29th session of Shanghai Sunglow’s 2nd directorate and by the 22nd session of Shanghai Sunglow’s 2nd supervisory board.
Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) completed the acquisition of CHS Packaging Technology (Shanghai) Co., Ltd. on September 9, 2020. Announcement • Aug 20
Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) signed a share transfer agreement to acquire CHS Packaging Technology (Shanghai) Co., Ltd. for CNY17.1 million. Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) signed a share transfer agreement to acquire CHS Packaging Technology (Shanghai) Co., Ltd. for CNY17.1 million on August 19, 2020. For the year ending December 31, 2019, CHS Technology reported total assets worth CNY 65.9 million, owner’s liability of CNY 17.41 million, revenue worth CNY 101.64 million and a net profit of CNY 2.58 million. The transaction was approved by the 29th session of Shanghai Sunglow’s 2nd directorate and by the 22nd session of Shanghai Sunglow’s 2nd supervisory board. Announcement • Jul 31
Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) completed the acquisition of 70% stake in Jiusu Technology (Shanghai) Co., Ltd. from Zhu Yujun. Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) signed the share transfer agreement to acquire 70% stake in Jiusu Technology (Shanghai) Co., Ltd. from Zhu Yujun for CNY 43.4 million on March 12, 2020. The final consideration is to be reviewed and approved by the company's shareholders meeting. As at December 31, 2019, Jiusu Technology had total assets of CNY 91.082 million and owner's equity of CNY 36.6158 million. For the year ended December 31, 2019, the revenue was CNY 119.3539 million and the net profit was CNY 8.6623 million. The transaction was reviewed and approved by the 22nd meeting of the second Directorate of the company and the 16th meeting of the second Board of Supervisors and needs to be submitted to the company's second extraordinary general meeting in 2020 for review. As on April 8, 2020, shareholders of Shanghai Sunglow Packaging approved the transaction.
Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) completed the acquisition of 70% stake in Jiusu Technology (Shanghai) Co., Ltd. from Zhu Yujun on April 16, 2020. Announcement • Jul 18
Shanghai Sunglow Packaging Technology Co.,Ltd to Report First Half, 2020 Results on Aug 31, 2020 Shanghai Sunglow Packaging Technology Co.,Ltd announced that they will report first half, 2020 results on Aug 31, 2020