Jihong Co. (Jihong) released its 2025 annual results, reporting a 21.55 % rise in revenue to RMB 6.72 billion. Profit attributable to shareholders surged 52.20 % to RMB 276.83 million, driven by strong momentum in cross-border social e-commerce (+29.88 % to RMB 4.37 billion) and steady growth in paper-based FMCG packaging (+11.71 % to RMB 2.35 billion). Overall gross margin improved to 46.79 % from 43.75 % a year earlier.
Net cash generated from operations reached RMB 261.22 million, while cash and cash equivalents more than doubled to RMB 1.23 billion. Interest-bearing bank borrowings stood at RMB 548.05 million, putting the gearing ratio at 9 %, down from 19 % in 2024. Total assets climbed 23.34 % to RMB 4.32 billion; net assets attributable to shareholders rose to RMB 2.70 billion.
The Board recommended a final cash dividend of RMB 1.80 (tax-inclusive) per 10 shares, amounting to RMB 79.26 million, subject to shareholder approval at the 29 April 2026 AGM. Payment is expected within two months after approval.
Management changes include the resignation of Executive Director and General Manager Ms. Zhuang Hao due to work adjustments. She remains Board Chairwoman and head of the Strategy Committee. Deputy General Manager Mr. Zhang Heping is appointed Acting General Manager and steps down as Vice-Chairman. The Board recorded its appreciation for Ms. Zhuang’s service.
Shareholders will vote on amendments to the Articles of Association that reflect: 1. Registered capital reduction to RMB 448.55 million following the repurchase and cancellation of 1.86 million restricted A shares whose unlocking conditions were not met. 2. Transfer of the company’s legal representative role from the General Manager to the Board Chairwoman.
Jihong also completed its H-share IPO on 27 May 2025, raising HK$415.20 million. IPO proceeds are earmarked for overseas expansion, technology development, brand building and working capital.
An AGM is scheduled for 29 April 2026; the register of members will close from 24–29 April 2026 to determine voting eligibility.