Jihong shares earned 6.7 billion yuan in revenue in one year, and its net profit soared 87%!

It is learned that Xiamen Dama Jihong Co., Ltd. recently released its 2023 annual report.

During the reporting period, Jihong Co., Ltd. achieved revenue of 6.695 billion yuan, an increase of 24.53% over the same period of the previous year; the net profit attributable to shareholders of the listed company was 345 million yuan, an increase of 87.57% year-on-year. Among them, Jihong Co., Ltd.'s cross-border social e-commerce business achieved revenue of 4.257 billion yuan, a year-on-year increase of 37.02%, and the packaging business achieved revenue of 2.097 billion yuan, a year-on-year increase of 5.75%.

Jihong Co., Ltd. is a leading dual-wheel drive enterprise based on technology, innovation and digital empowerment, with cross-border social e-commerce business and paper-based fast-moving consumer goods packaging solutions business.

Its cross-border social e-commerce business mainly uses AI algorithms to analyze overseas markets, depict user portraits, conduct intelligent product selection, accurately locate customer groups, and accurately push independent station advertisements on foreign social networking platforms for online B2C sales. The market covers Southeast Asia, Japan, South Korea, the Middle East, Taiwan, Hong Kong, etc. In addition, it implements a pan-category strategy, covering household goods, clothing, electronic products, and other products.

In the field of packaging business, Jihong shares establishes long-term and stable cooperative relationships with customers by providing customers with one-stop comprehensive services from product design, process design, technical planning to transportation and logistics. Its main customer groups include leading companies in the food, catering, beverage, daily necessities and fast-moving consumer goods industries. It focuses on providing customers with comprehensive paper packaging solutions, while helping customers manage packaging costs and adapt to the trend of environmental protection and sustainability.

As of December 31, 2023, Jihong's total assets were 3.587 billion yuan, up 10.62% from the beginning of the year, and the net cash flow from operating activities was 726 million yuan, up 85.60% from the same period last year. In addition, during the reporting period, Jihong's third employee stock ownership plan and the 2023 restricted stock incentive plan generated a total of 26.3788 million yuan in share-based payment amortization.