Xiamen Hexing Packaging Printing Co Ltd

Hexing Packaging announced the termination of the Longyao Smart Eco-Friendly Packaging Industrial Park project and the disposal of related assets. Today, the three major A-share indices closed lower collectively, with the Shanghai Composite Index falling below the 3,900-point mark. Total market turnover for the day was approximately 2.42 trillion yuan, shrinking by over 160 billion yuan from the previous trading day. On the sector front, concepts such as hyperbaric oxygen chambers, pork, and short drama games led the gains, while SMIC, memory chips, and advanced packaging were among the biggest decliners. In terms of institutional activity, a total of 22 stocks received buy ratings from institutions today. Among them, Ruida Futures had the highest upside potential, with Guotai Hai'an Securities setting a target price of 41.11 yuan, implying an upside of 117.51 percent. According to the Dragon and Tiger list, Huatian Technology topped the list with net institutional purchases of 348 million yuan, while JCET saw net institutional sales of 203 million yuan, though it also attracted net northbound capital inflows of 218 million yuan. Key evening announcements also included Moore Threads expecting first-half revenue of between 1.65 billion and 1.75 billion yuan, representing year-on-year growth of 135.12 percent to 149.37 percent, and Rongsheng Petrochemical's controlling subsidiary planning to invest 19.6 billion yuan in a refining and chemical integration project upgrade.

Hexing Packaging has decided to terminate the Longyao smart eco-friendly packaging industrial park project and dispose of related assets, which is expected to reduce total profit for 2026 by approximately 14.74 million yuan. The project had a total investment of about 360 million yuan. Due to regional capacity consolidation and optimization, changes in the market environment, and the need to optimize group resource allocation, actual capacity utilization fell short of expectations, unit production costs were high, and it was difficult to achieve the preset profitability level. The company stated that there are already multiple production bases around the Beijing-Tianjin-Hebei region that can cover regional orders, so the Longyao industrial park does not need to operate independently, and this asset disposal will not have a significant impact on production and operations. In the first quarter of 2026, Hexing Packaging achieved revenue of 2.671 billion yuan, up 7.04 percent year-on-year, with net profit attributable to the parent company of 40.69 million yuan, down 18.2 percent year-on-year.