Jinjia shares 2024 interim report: revenue fell 27% year-on-year to 1.48 billion yuan, and new tobacco business decreased by 70% year-on-year
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Jinjia shares 2024 interim report: revenue fell 27% year-on-year to 1.48 billion yuan, and new tobacco business decreased by 70% year-on-year
Jinjia Co., Ltd. (002191.SZ) released its 2024 semi-annual report. The company achieved a total operating income of 1.484 billion yuan in this reporting period, a year-on-year decrease of 27%, and a net profit of 181 million yuan, a year-on-year decrease of 35.26%, of which the operating income of the new tobacco business decreased by 70.25% year-on-year.
Recently, Jinjia Co., Ltd. (002191.SZ) released its 2024 semi-annual report.
In terms of revenue and profit, the company achieved a total operating income of 1.484 billion yuan in this reporting period, a year-on-year decrease of 27%, and a net profit of 181 million yuan, a year-on-year decrease of 35.26%;
At the main business level, during the reporting period, the company's new tobacco business operating income decreased by 70.25% year-on-year to about 91 million yuan, and the operating income of cigarette label products decreased by 24.33% compared with the same period last year;
From the same period last year to date, the company's new tobacco business operating income has dropped from 15.13% to 6.16%.
Image source: Jinjia Shares
Source: Jinjia Co., Ltd.
Regarding the reasons for the decline in operating income of the new tobacco business, Jinjia Co., Ltd. stated that due to the adjustment of domestic compliance policies, the company's cooperation model with core customers has changed from centralized procurement to processing service model, which directly led to a reduction in revenue scale. Secondly, changes in the international policy environment have further reduced the volume of business orders.
In addition, the company added that in the face of performance pressure, it is currently working to consolidate and expand its customer base with customized services, actively expand its overseas business layout, and explore and create new growth points. Increase R&D investment, closely combine customer and market needs, and continuously optimize products and services.
