Shengtong Printing Expects H1 Turnaround as COVID-19 Vaccine Packaging Box Orders Rise
Shengtong Printing (002599.SZ) released its 2021 half-year earnings forecast on July 12. The company expects net profit attributable to shareholders of the listed company to reach RMB 50 million–70 million in the first half, turning profitable year on year, with basic earnings per share projected at RMB 0.09–0.13.
With demand recovering in the first half, all of the company’s business segments delivered solid results.
In book printing, lean management helped improve operating efficiency, while the level of intelligence continued to rise. Core products — children’s picture books, primary and secondary school textbooks and teaching aids, and Party and government books — all achieved good growth in the first half, fueling rapid earnings growth.
On the packaging side, Tianjin packaging capacity began operation in the first half. The company stepped up business development, and orders for COVID-19 vaccine packaging boxes rose significantly, lifting its packaging business.
In education, following several years of stronger government policy support for science and technology quality education, the company remains committed to becoming a leader in youth science and technology education. Guided by its integrated operating approach of opening up internally and penetrating externally, it increased integration and investment in the education business during the first half.
Organizationally, Shengtong strengthened staffing in its marketing, franchising and technology departments, boosting team capabilities. In franchising, it moved quickly to capture third- and fourth-tier markets; Lebo Lebo added 70 franchised stores in the first half, a record high. In online and OMO operations, the company launched Lebo Online and upgraded its OMO 2.0 system, creating new growth points. These integration efforts have produced positive results, deepened cohesion in the education business, and set the stage for faster future growth.
Source: China Packaging Network (pack.cn); original link: http://news.pack.cn/show-377760.html
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