multiplayerroulette| Zhongrui Shares: Revenue in the first quarter of 2024 increased by 11.58% year-on-year, packaging technology business is stable and continues to improve

On the evening of April 29th, China Rui shares (002374) disclosed its first quarterly report in 2024. During the reporting period, the company achieved operating income of 166 million yuan, an increase of 11.58% over the same period last year, mainly from the company's packaging technology business, which maintained a stable and sustained development. Net profit and loss of homing 4Multiplayerroulette5.2035 million yuan, of which the loss of credit and asset impairment of the company was 42.354 million yuan, mainly due to the impairment loss of garden business. Excluding the above-mentioned impairment loss factors, the company's first-quarter results in 2024 significantly reduced losses compared with the same period last year. At the same time, the net cash flow generated by the company's operating activities in the first quarter increased significantly compared with the same period last year.

The data show that Zhongrui shares take packaging technology business as its main business, and its production and marketing scale has been in a leading position in the same industry for many years. It continues to develop steadily and contributes to the company.MultiplayerrouletteMajor operating profits and good cash flow. After years of contraction of the garden business, the construction and settlement of the project have been basically completed. As the recovery of project receivables is not up to expectations, the provision for impairment has become the main reason for the overall loss of listed companies.

Focus on packaging technology, endogenesis and extension to improve profitability

Zhongrui Co., Ltd., which has been ploughing the wine cap industry for more than 20 years, is the largest (aluminum related) anti-counterfeit bottle cap manufacturer in China. The company has formed the production capacity layout of seven subsidiaries under the jurisdiction of three major bases (northern base, central base and southwest base), with international leading imported rolling printing and capping equipment, as well as domestic advanced 28-port and 38-port bottle cap production lines. At the same time, the company's packaging technology business sector has more than 100 patents, including nearly 50 invention patents, many times won China Patent Excellence Award and so on.

In 2023, the company took the key areas as the breakthrough, increased the southwest and overseas market development efforts, and actively sought the incremental market. The southwest region is an important gathering place for Maotai, Luzhou-flavor and other liquor enterprises. relying on the capacity layout advantages of the four major factories in the southwest base, the company has made use of more than 20 years of brand accumulation to constantly tap potential customer demand and expand new customers. such as Shuijingfang, Yunfeng Liquor Industry, Guangliang, Lang Liquor, Maotai Health Liquor, Jinsha, traditional Liquor, Shanghai expensive Liquor and so on. The overseas market is the main breakthrough direction of the packaging technology business incremental market. The company has stepped up market expansion, enhanced customer visits and maintenance, actively expanded sales channels, signed long-term cooperation agreements with some foreign customers, and consolidated the position of core suppliers. Sales in some Southeast Asian markets have maintained growth momentum, while South American market sales have also improved.

The company said that it will always focus on improving the sustainable and stable profitability of the packaging technology business. On the one hand, it will continue to focus on the wine packaging business, continue to cultivate, expand and improve the quality of products and services, consolidate and enhance the company's core supply position in well-known wine enterprises at home and abroad, and enhance the company's influence and competitiveness in the international market. At the same time, the company will continue to explore new markets such as beverages and health products other than alcohol, further expand the market field and market space of packaging technology business, and realize the endogenous growth of packaging business. and timely and safe use of various capital market tools for extension development, and continue to improve the profitability of listed companies.

Do everything possible to recover project receivables and actively safeguard the interests of the company and all shareholders

In the garden business, the recovery of project receivables has become the most important work of the company. In recent years, through various efforts, the company has successively recovered more than 1 billion yuan of receivables in Shandong, Sichuan and other places, but the payback in Guizhou has had little effect, and some of the payments have not been recovered for a long time, resulting in losses of listed companies in recent years. and has a serious impact on manufacturing production reinvestment and technical transformation, capital operation and turnover, reducing the debt burden and so on. It has become a key issue restricting the development of the company.

The garden business is the main reason for the company's losses in recent years. on the one hand, the company said that on the one hand, it should focus on the recovery of receivables, especially to continuously increase the recovery of receivables in Guizhou, and actively strive for the support of the debt policy in Guizhou region. effectively resolve the company's receivable recovery problem On the other hand, strengthen the management of the stock assets, choose the opportunity to carry out asset revitalization and asset optimization, reduce the negative impact of garden business on the company's efficiency, and improve the overall asset quality and efficiency of the company.

Make every effort to promote private placement and focus on the high-quality development of the main industry.

It is reported that the fixed increase of Zhongrui shares was accepted by the Shenzhen Stock Exchange on April 12, 2024, and the company launched a private placement in June 2023, with the controlling shareholders fully subscribing for 830 million yuan to raise funds, all to repay interest-bearing liabilities. The subscription of the controlling shareholder reflects its confidence in the future development of the company. The company said that it will make every effort to promote the smooth issuance of the fixed increase project and raise funds in place. This fund-raising will enhance the company's capital strength, optimize the asset structure, reduce the asset-liability ratio, and enhance the solvency; in addition, it will help the main business of packaging technology to further expand and strengthen, including production re-investment, the development of new application markets, the improvement of equipment efficiency and the level of science and technology, etc., through the two-wheel drive of industrial development and capital operation to enhance the value of the company.

(article source: Securities Times website)

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