A-share subscription | Jiangtian Technology (920121.BJ) opens subscription. Customers include global well-known brands such as Unilever, P&G, and Shell.

On December 16, Jiangtian Technology (920121.BJ) started its IPO with an offering price of 21.21 yuan per share, with a subscription limit of 594,600 shares, a price-to-earnings ratio of 14.50 times. It belongs to the Beijiao Exchange, and Guotou Securities is its sponsor. According to the prospectus, the company is mainly engaged in the research, development, production, and sales of label printing products, dedicated to providing customers with integrated solutions for label materials selection, customized color and ink solutions, process design and optimization, as well as efficient and stable production supply. The company's main products include film and paper adhesive labels, widely used in daily consumer sectors such as beverages, cosmetics, food and health products, and petrochemical products. The company's products focus on high-end consumer brand labels, with higher requirements for label sophistication, personalization, diversity, technical processes, scenario response, response speed, and stable supply compared to ordinary packaging or label products. With advantages in deep understanding of printable materials, accurate color control, mature application of complex process combinations, and reverse output of process design, the company can continuously meet the personalized and diversified brand identification needs of terminal brand customers. At the same time, relying on a strong technical reserve and abundant production experience, the company has established a supply system for rapid response and stable mass production. Currently, the company's products and processes have been certified by numerous well-known domestic and foreign consumer brand customers, establishing long-term cooperative relationships with global renowned brand customers such as Unilever, P&G, Shell, Total, Wyeth, Mondelez, as well as well-known domestic brands such as NONGFU SPRING, Xiangpiaopiao Food, HEYTEA, Yili, Mengniu, Haitian, Blue Moon, and more. The company insists on the innovation and application of cutting-edge technology, materials, and processes in the label printing industry as the focus of research and development. Through years of continuous research and development innovation and industrial application, it has mastered core technologies and processes such as combination printing technology, color management technology, precise cutting and waste reduction layout, embossing and positioning cold stamping technology, forming a strong technical strength and abundant intellectual property achievements. As of the end of the reporting period, the company owns 124 patents, including 14 invention patents, and 8 software copyrights. The company is the vice chairman unit of the China Printing Technology Association Label and Specialty Printing Branch, and has participated in the drafting and formulation of important national standards, industry standards, and group standards. With its strong technical strength and continuous innovation capabilities, the company has been highly recognized by supervisory departments and industry organizations, possessing leading brand influence and prominent industry position in the label printing industry. In terms of certification by supervisory departments, the company has obtained qualifications such as "National Printing Demonstration Enterprise (Professional Specialty Class)," "Jiangsu Provincial Enterprise Technology Center," "Jiangsu Provincial Specialized New Small and Medium Enterprises," and "Jiangsu Provincial Green Factory." In terms of recognition by industry organizations, the company has received awards such as the "Best Printing Award for Flexographic Lines" at the 2024 World Label Awards, "Honorary Nomination for Combination Printing Color Adding Web" at the 2023 World Label Awards, and the "China Packaging Excellent Brand (Demonstration)" at the 2024 China Packaging Joint Association; it has obtained the certification of "G7MasterFacilityColorspace" from the American International Digital Enterprise Alliance; it was rated as one of the top ten innovators in the Chinese printing industry in 2021; from 2022 to 2025, it has been ranked in the top 50 in brand influence in the Chinese label printing industry for four consecutive years, and has won the top five in the national rankings in the categories of daily chemical labels, food and beverage labels, alcoholic beverage labels, and anti-counterfeiting labels. Additionally, the company's products and processes have won numerous prestigious awards in domestic top label competitions organized by industry associations, including the China Printing Awards, Packaging Printing and Label Boutique Competition, and National Flexographic Product Quality Evaluation. Financially, in the years 2022, 2023, 2024, and January to June 2025, the company achieved operating income of approximately 384 million yuan, 508 million yuan, 538 million yuan, and 305 million yuan, respectively; during the same period, the company's net profit was approximately 74.45 million yuan, 96.46 million yuan, 102 million yuan, and 57.24 million yuan respectively.