Jiamei Food Packaging Chuzhou Co

Jiamei Packaging disclosed its 2026 semi-annual report on August 26. In the first half, total operating revenue reached 1.371 billion yuan, up 9.12% year on year. Net profit attributable to the parent company was 70.3759 million yuan, up 256.49% year on year. Net profit after deducting non-recurring items was 73.1664 million yuan, up 350.05% year on year. The company plans to distribute a cash dividend of 0.4 yuan per 10 shares, tax included, to all shareholders. During the reporting period, net cash flow from operating activities was 295 million yuan, up 43.27% year on year, and basic earnings per share were 0.0654 yuan. As of the end of the first half, the company's cash and cash equivalents increased by 41.08% compared with the end of the previous year, total construction in progress increased by 77.56%, and bonds payable decreased by 100%.

Jiamei Packaging announced on the evening of July 24 that it had completed an early board reshuffle. Several senior executives from Dreame Technology, founded by Yu Hao, have joined the new board, officially transferring control of the company to the Dreame faction. The new board consists of nine directors. Jiang Ming, a director and CFO of Dreame Technology, was elected chairman and legal representative, while former chairman Chen Min was appointed honorary director and general manager. The company also disclosed its semi-annual earnings forecast for 2026, expecting net profit attributable to the parent company of between 70 million and 91 million yuan, a year-on-year increase of 254.58 percent to 360.96 percent, mainly benefiting from a strong year for the beverage industry and a significant reduction in financial expenses after the conversion of convertible bonds. Jiamei Packaging stressed that after the change in actual controller, its main business will remain food and beverage packaging containers, and Yu Hao and his affiliates have committed not to inject assets within 36 months of gaining control.