Beverage “Big Year” and Contract Filling Scale-Up Lift Jiamei Packaging’s H1 Net Profit Forecast by 254%–361%

Jiamei Packaging (002969) issued its 2026 half-year earnings guidance on July 13. The company expects net profit attributable to shareholders of the listed company to reach RMB 70.00 million–91.00 million, an increase of 254.58%–360.96% over RMB 19.7416 million in the prior-year period. Net profit after deducting non-recurring gains and losses is projected at RMB 72.00 million–94.00 million, up 342.88%–478.20% year on year, with basic earnings per share forecast at RMB 0.0651–0.0846.

Lower Financial Expenses Unlock Profit Leverage

The forecast points to two drivers behind the surge. First, the first half of 2026 qualifies as a “big year” for the beverage industry, with a greater number of Spring Festival peak-season order days falling inside the reporting window, pushing revenue higher; the company’s established core business held steady, landing at the normal average level for such a year and giving overall growth a stable base. Second, as the company’s convertible bonds were progressively converted into shares, financial expenses fell sharply, delivering a direct lift to earnings.

Off-Season Quarter Still Leaves Profit Above RMB 70 Million

By the seasonal rhythm of the packaging sector, the second quarter has long been the traditional lull for beverage packaging. Looking back at several past years, Jiamei Packaging’s single-quarter profit base in Q2 was generally low. Even with that off-season effect firmly in place, the company’s first-half net profit still cleared RMB 70 million — evidence that the resilience of its business structure is strengthening.

Full-Chain Beverage Service Platform Becomes a New Profit Growth Point

The filing also shows that, alongside its traditional operations, the company’s “full-industry-chain beverage service” platform kept gathering momentum. Incremental orders generated by new customers, new markets and new business models are gradually building economies of scale, offsetting part of the shortfall in the existing business. The platform’s contract manufacturing and filling service in particular has performed well and, as its scale expanded further, has become a new profit growth point. This diversified business synergy not only softens the impact of seasonal swings on the single-segment packaging business, but also carries strategic value in raising customer stickiness and driving all-round, continuous cooperation, injecting fresh momentum into long-term growth shared with customers.

——This article is reprinted from the China Packaging Network (pack.cn); original link: http://news.pack.cn/show-379860.html