Jiangtian Technology (920121) plans to distribute a cash dividend of 5 yuan per 10 shares in 2025.
UHF RFID business has begun mass production.

On May 8, Suzhou Jiangtian Packaging Technology Co., Ltd. held an earnings briefing via a network remote format through the CICC Online Investor Relations platform. The company’s director and general manager, Huang Yanguo, director and board secretary, Jin Liying, chief financial officer, Gao Peng, and sponsor representative, Cheng Xing, communicated with investors on matters of concern.

Regarding the 2025 equity distribution, the company’s disclosed proposal is: based on the company’s current total share capital of 66.0682 million shares, from undistributed profits, a cash dividend of RMB 5 per 10 shares (including tax) will be paid to all shareholders. The total cash dividend expected to be distributed under this proposal is RMB 33.0341 million. After the proposal is approved by the shareholders’ meeting, it will be completed within 2 months.

With respect to UHF RFID technology, the company stated that “including consumer-grade smart label packaging with UHF RFID has become a trend in industry development. Jiangtian Technology is delving into this blueprint with a forward-looking perspective, and is working to set up a dedicated team led by industry veterans, making a precise entry into this track. To date, batch production for order-based business has already been carried out, and this portion of revenue accounts for 0.21% of first-quarter revenue.”

The company’s net profit in 2025 has achieved growth, but the overall gross profit margin has slightly declined. This is mainly because the high business conditions of downstream industries drove growth in the scale of sales business, while the gross margin fell slightly due to factors such as raw material prices. This represents normal, phased fluctuations within the industry and does not indicate that the operating fundamentals are weakening. The company achieved year-on-year profit growth by relying on revenue scale expansion, improved capacity utilization, cost reduction and efficiency gains on the manufacturing side, and strict expense control. The profitability resilience of its core business remains strong. Going forward, as the share of high-margin products continues to increase, the gross profit margin is expected to gradually stabilize and recover.

As for the fund-raised projects, the company’s fund-raised projects are currently in a stage where they have not yet been started, mainly because the government’s planned conditions have changed. The company has adjusted the land plots for the fund-raised projects, planning to change from the “Yinjia Road midsection” plot to the adjacent “Yinjia Road eastsection” plot. After completing the above-mentioned land plot adjustments, the company will begin as soon as possible the civil engineering construction for the “Jiangtian R&D and Manufacturing Comprehensive Base Construction Project,” with the start date expected to be around June–July 2026.

In the future, the company will continue to focus on its main business, aiming at “ensuring steady growth, expanding the market, and strengthening technology,” and will steadily promote product upgrades, capacity optimization, and market expansion. The company will continuously review, assess, and research plans related to equity incentives and employee share ownership. In the future, it will coordinate and consider them in light of the company’s strategic development, operating performance, and the rules of the capital markets.

Tongbi Finance learned that the company mainly engages in the research, production, and sales of label printing products. It is committed to providing customers with integrated label solutions, including substrate selection, customized color and ink schemes, design and optimization of process solutions, and efficient and stable production supply. The company’s primary products include self-adhesive labels in film-based and paper-based forms, which are widely used in everyday consumer sectors such as beverages and alcoholic drinks, daily chemical products, food and health supplements, and petrochemical products.

The company’s products focus on labels for mid-to-high-end consumer brand products. Compared with ordinary outer packaging or label products, they impose higher requirements on the label’s aesthetics, personalization, and diversity, as well as on label printing companies’ technical processes, scenario response capability, response speed, and stable supply. With advantages such as a deep understanding of substrates, accurate control of printing color precision, mature application of complex process combinations, and reverse output of process-scheme design, the company can continuously meet end-brand customers’ personalized and diversified branding needs. At the same time, relying on deep technical reserves and extensive production experience, the company has built a supply system featuring rapid response and stable mass production. Currently, the company’s products and processes have passed certifications from many well-known domestic and international consumer brand customers. It has established long-term cooperative relationships with global brands including Unilever, Procter & Gamble, Shell, Total, Wyeth, and Mondelez, as well as domestic brands including Nongfu Spring, Xiangpiaopiao, Heytea, Yili, Mengniu, Haitian, and Blue Moon.