Jinjia Group Releases 2022 Annual Report as Investor Claims Continue

On April 15, 2023, Jinjia Group (002191) released its 2022 Annual Report. During this reporting period, under overall operational pressure, the company achieved total operating revenue of 518,864.30 million yuan, a 2.40% increase compared to the same period last year; the net profit attributable to shareholders of the listed company was 19,731.11 million yuan, a decrease of 80.65% compared to the same period last year. The company's main products include high-tech and high-value-added cigarette labels, mid-to-high-end well-known consumer brand color box packaging, laser paper/film, tobacco film, and other new packaging materials, as well as new tobacco products.

On July 19, 2022, Jinjia Group (002191) received a warning letter from the Shenzhen Securities Regulatory Bureau regarding the decision to issue a warning letter to Shenzhen Jinjia Group Co., Ltd. and its general manager, Hou Xudong. After receiving the relevant notification on April 1, 2022, the company's director and general manager, Hou Xudong, failed to report to the board of directors in a timely manner, resulting in the company disclosing the above matters only on April 15, 2022.

Some investors have filed securities false statement lawsuits against Jinjia Group, claiming that false statements led to their investment losses. As of April 13, 2023, according to the lawsuit documents delivered to Jinjia Group by the court, the Shenzhen Intermediate Court has accepted a total of 85 cases, with a total claim amount of 13,627,805.58 yuan; among them, 2 cases have been heard but no first-instance judgment has been made, with a claim amount of 143,620.91 yuan, 7 cases have been formally filed but not yet heard, with a claim amount of 10,330,860.18 yuan; and 76 cases are in the pre-litigation mediation stage, with a claim amount of 3,153,324.49 yuan.

Lawyers stated that investors who bought Jinjia Group stocks between April 6 and April 15, 2022, and suffered losses after selling or continuing to hold Jinjia Group stocks after April 15, 2022, may initiate claims (subsequent changes may occur based on the progress of the investigation).