Jihong Tech Shares Surge on Strong Cross-Border E-commerce Growth
Xiamen Jihong Technology Co. Ltd., a leading player in cross-border social e-commerce, has sparked investor interest with its latest profit projections. The company's shares surged 2.17% to HK$18.34 on the Hong Kong Stock Exchange following a profit alert.
Founded in 2003, Jihong began as a paper packaging producer before diversifying into cross-border social e-commerce. The company's unique 'content-to-user' promotion strategy has helped it build a successful 'goods discovering people' e-commerce model.
The company's strong financial performance can be attributed to the rapid growth of its cross-border social e-commerce business and improved profitability in its traditional paper-based packaging division. Jihong's net profit for the first three quarters of 2025 is expected to reach 257 million yuan to 270 million yuan, marking a significant year-on-year increase of 95.1% to 105.3%. Excluding non-recurring items, the company's net profit for the second quarter is projected to reach 200.2 million yuan to 213.7 million yuan, indicating a substantial 65% to 76% increase from the previous year.
Jihong Technology Co. Ltd., listed on both the Shenzhen and Hong Kong Stock Exchanges, has demonstrated remarkable growth and profitability in its cross-border social e-commerce business. With these impressive results, the company is well-positioned to continue its expansion and capture new opportunities in the dynamic e-commerce landscape.
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