Key points: Jinjia Group (002191) recently released its 2022 annual report. During the reporting period, the company achieved operating revenue of RMB 5,188,642,951.68, up 2.40% year on year.
Jinjia Co., Ltd. (002191) recently released its 2022 annual report, which shows that during the reporting period, the company achieved operating revenue of 5,188,642,951.68 yuan, a year-on-year increase of 2.40%; the net profit attributable to shareholders of the listed company was 197,311,100.21 yuan, a year-on-year decrease of 80.65%. The net cash flow generated from operating activities was 497,549,725.07 yuan, and the net assets attributable to shareholders of the listed company were 7,473,080,610.21 yuan. The report mentions that the company achieved revenue of 554 million yuan in the new tobacco segment, accounting for 10.68% of total revenue, a year-on-year increase of 227.72%.The report states that during the reporting period, the company established Yunpu Jiahang, serving well-known domestic electronic cigarette brands by providing integrated logistics solutions including material management, international dedicated line logistics, trade customs, and domestic and international warehousing management. Currently, logistics clearance channels for electronic cigarettes have been established in multiple countries including the United States, Canada, the United Kingdom, New Zealand, and Malaysia.The company has invested in Changyi Technology to extend its business into high-quality flavors, new materials, and supporting functional materials in the tobacco field; invested in Jiajun Electronics to expand brand operations, international development, innovative products, automated equipment, and large-scale production in the new tobacco category;A new production and operation base for new tobacco has been established in Indonesia, focusing on localized and centralized research, production, and marketing of electronic cigarettes, heated tobacco products, and smoking devices; the fundraising project for the Shandong new BOPP film and composite paper materials project has completed the main construction and installation of production equipment, preparing for future order releases.The company is focusing on upstream and downstream investments in the industry chain, complementing its existing customers, products, technologies, and channels to create new profit growth points.The report mentions that for the 2023 operating plan, the new tobacco business aims to optimize and adjust the top-level design of the industry, improve and perfect the management organizational structure, and integrate market resources to build a global professional manufacturing enterprise for electronic cigarettes, aiming to establish well-known overseas brands in the new tobacco sector.
In China, the core of the business will focus on the production and manufacturing of atomized electronic cigarettes, deeply binding with leading customers to enhance the market share of tobacco auxiliary materials production, leveraging the advantages of the group platform and the Guangdong-Hong Kong-Macao Greater Bay Area to actively develop electronic cigarette supply chain finance and logistics services, providing services such as procurement receivables, export customs clearance, warehousing, shipping, and transportation for key enterprises and important customers, assisting local brands in global business development.
Accelerating the process of automation and information technology transformation, significantly increasing the utilization rate of automated production lines, using smart manufacturing and service innovation as means, focusing on improving the efficiency and technical content of OEM production, closely following core market customers, expanding the existing industry scale; globally layout production bases to avoid comprehensive risks, continuously establishing production bases for atomized electronic cigarettes and HNB products overseas, and carrying out research, production, and brand operations.
