HK Stock Market Move | Xiamen Jihong Package Technology (02603) rises over 8% after profit increase, with expected 50%-60% growth in net profit attributable to parent in 2025.

Xiamen Jihong Package Technology (02603) rose more than 8%, reaching a 7.31% increase, with a price of 15.58 Hong Kong dollars and a trading volume of 11.7756 million Hong Kong dollars as of the time of writing. On the news front, on January 19, Xiamen Jihong Package Technology announced that the company expects to achieve a net profit of approximately 331 million to 349 million yuan by 2025, a year-on-year increase of 79.40%-89.26%; a net profit attributable to shareholders of listed companies of approximately 273 million to 291 million yuan, a year-on-year increase of 50.00%-60.00%; and a net profit after deducting non-recurring gains and losses of approximately 240 million to 258 million yuan, a year-on-year increase of 49.98%-61.35%. During the reporting period, the company achieved significant increases in operating income and profits, mainly due to the following reasons: In the packaging business, as the consumer market continues to recover, downstream customers' packaging demand steadily increases. Benefiting from long-term strategic cooperation with industry-leading enterprises in the fast-moving consumer goods sector, the company continuously improves profitability through group-based refined management, operational efficiency, and resource utilization. In the cross-border social e-commerce business, the company adheres to technology-driven initiatives, continuously practices innovation enablement, continuously improves supply chain control systems, maintains a high level of digital operational capability, deepens sales area expansion and business model replication, achieves significant growth in revenue and profits, and promotes further improvement in the company's overall performance.