On August 26, Jihong Co., Ltd. rose 0.48%, with trading value of RMB 138 million, turnover rate of 2.50%, and total market cap of RMB 8.549 billion.
Variance analysis
New type tobacco (e-cigarettes) + specialized and innovative + cross-strait relations + cross-border e-commerce + Douyin concept (Byte concept)
1. September 6, 2024 on Interaction Exchange: The Company’s investee company, Xiamen Haisheng Rongchuang Information Technology Co., Ltd., is responsible for the construction of a national unified e-cigarette trading management platform project.
2. Specialized and innovative “little giant” enterprises are the highest level and most authoritative honorary titles in the national evaluation of small and medium-sized enterprises. They refer to leading companies that focus on niche markets, have strong innovation capabilities, high market share, master key core technologies, and have good quality and efficiency. This is of great significance for improving the competitiveness of small and medium-sized enterprises themselves, as well as enhancing the stability and competitiveness of the industrial and supply chains. The Company has been selected for the list of Specialized and Innovative “Little Giant” enterprises by the Ministry of Industry and Information Technology.
3. The company is located at No. 9 Putou Road, Phase II of Dongfu Industrial Park, Dongfu Town, Haicang District, Xiamen, Fujian Province. The company’s principal business is the production, design, and sales of packaging products. The company’s main products include paper boxes and cartons, food packaging, paper bags, and the e-commerce business.
4. In the 2024 annual report, the company’s cross-border social e-commerce business mainly uses AI algorithms to analyze overseas markets, depict user personas, and conduct intelligent product selection and precise positioning of customer groups. It precisely promotes independent-website ads for online B2C sales on overseas social networking platforms such as Meta (formerly Facebook), TikTok, Google, Line, YouTube, and Instagram, and sells high value-for-money and distinctive Chinese products across borders to multiple countries and regions including Southeast Asia, Japan, South Korea, the Middle East, Taiwan of China, and Hong Kong of China. Different from the traditional model where sellers rely on e-commerce platforms and their traffic, the company mainly uses social media traffic to carry out its cross-border social e-commerce business. Through multi-platform advertising strategies, it eliminates dependence on a single social platform while effectively controlling traffic costs. The company implements a broad-spectrum (pan-category) strategy covering home goods, apparel, electronic products, shoes, luggage and bag products, beauty and personal care products, healthcare products, maternity and baby products, and watch accessories, among other product categories, to meet the needs of different consumers.
5. On April 10, 2020, the company stated on an interactive platform: the company’s cooperation model with ByteDance is a two-way model. On the one hand, ByteDance places advertisements to obtain customers; on the other hand, it also helps other advertisers place ads on ByteDance’s apps such as Douyin. Influencer live commerce is one of the company’s e-commerce marketing methods. The main planned platforms include Facebook, Instagram, YouTube, TikTok, etc.
(Disclaimer: The analysis content comes from the internet and does not constitute investment advice. Investors should make independent judgments based on different market conditions.)
Capital analysis
Today’s main net inflow was 9.7192 million yuan, accounting for 0.07%; industry ranking is 2/19. It has been increased by main funds for three consecutive days. The main net inflow in the industry is -1.4389 million yuan. Currently, there is no continuous increase or decrease in holdings; the trend of the main funds is not obvious.
In the range, over today’s last 3 days, last 5 days, last 10 days, and last 20 days: main net inflow was 9.7192 million, 17.4292 million, 17.2248 million, 31.3227 million, and -118 million. Main holdings
The main investors do not control the market; the distribution of lots is highly dispersed. The main investors’成交额 (trade amount) is 38.2162 million yuan, accounting for 6.76% of the total trade amount.
Technical indicators: the lots’ average trading cost is 20.44 yuan
The stock’s average traded cost of the lots is 20.44 yuan. Recently, the lots have been reduced, but the pace of reduction has slowed. Currently, the stock price is near the support level at 18.57. Note that the support level is at a rebound point; if it breaks below the support level, it may trigger a new downward trend.
Company profile
Information disclosure: Jihong Holding Co., Ltd. is located at No. 9 Putou Road, Phase II of Dongfu Industrial Park, Dongfu Town, Haicang District, Xiamen City, Fujian Province; at 38/F, Yuzhou Plaza, No. 55 Hubin South Road, Siming District, Xiamen City; and Office No. 5, 15/F, East Asia Bank Harbor Centre, No. 56 Des Voeux Road, Hong Kong Special Administrative Region. Established on December 24, 2003. Listed on July 12, 2016. The company’s principal business includes Xiamen Jihong Technology Co., Ltd., which is a China-based company mainly engaged in cross-border social e-commerce and paper-based FMCG packaging business. The company carries out its business through three segments. The cross-border social e-commerce segment mainly places advertisements on social media platforms to attract customers and provides products such as home goods, apparel, electronic products, shoes, luggage and bag products, beauty and personal care products, healthcare products, maternity and baby products, and watch accessories. The paper packaging business segment is committed to providing one-stop paper packaging products and services to FMCG customers, focusing on marketing strategy, product design, process design, technical planning, and transportation and logistics. The other business segment mainly includes marketing and advertising business as well as ancillary trading business. Revenue composition of principal business: e-commerce business 65.61%, packaging—paper boxes and cartons 18.33%, packaging—food packaging 8.48%, packaging—paper bags 5.53%, packaging—other types 2.01%, other business 0.05%.
The Shenwan industry classification for Jihong Co., Ltd. is: Commercial Retail—Internet E-commerce—Cross-border E-commerce. The concept sectors it belongs to include: Huawei concept, Metaverse concept, specialized and innovative small giant (专精特新), Shenzhen-Hong Kong Stock Connect (深股通), Artificial Intelligence, etc.
As of June 30, the number of shareholders of Jihong Co., Ltd. was 25,000, down 6.81% from the previous period. Shares available per capita were 11,912, up 10.58% from the previous period. From January to June 2026, Jihong Co., Ltd. recorded operating revenue of 3.736 billion yuan, up 15.53% year on year; and net profit attributable to the parent company of 158 million yuan, up 33.52%.
Regarding dividends: after Jihong Co., Ltd. was listed on the A-share market, it has cumulatively distributed cash dividends of 785 million yuan. Over the past three years, the cumulative cash dividends distributed were 499 million yuan.
As for institutional holdings: as of June 30, 2026, among the company’s top ten circulating shareholders, Hong Kong Securities Clearing Company Limited ranked fourth, holding 7.8803 million shares, a decrease of 18.3590 million shares compared with the previous period. 华夏臻选价值成长混合A (024802) exited the list of the top ten circulating shareholders.
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