In 2018, the domestic packaging printing market showed a pattern of “half is a flame and half is a glacierâ€. In the first half of the year, raw material prices skyrocketed, and the economy seemed to be on the rise. In the second half of the year, the overall market was in a downturn, as if the winter was approaching.
Unlike small and medium-sized enterprises, the pace of expansion of a type of enterprise does not seem to be affected too much. Enterprises such as Yutong Technology, Hexing Packaging, and Jihong have frequently launched mergers and acquisitions along their respective development strategies.
1Yutong Technology: Promote business multi-ization around packaging development strategy
As we all know, in the business of Yutong Technology, the proportion of mobile phone boxes is relatively high. Therefore, in recent years, Yutong Technology has been actively promoting business multi-ization and customer structure. This year, Yutong Technology has successfully entered the cigarette package market, the daily consumer goods market and the wine packaging market with multiple investments.
Event 1: 167 million won a 31% stake in Wuhan Aite
On March 21, 2018, Yutong Technology announced that it had acquired a 31% stake in Wuhan Aite at a price of 167.4 million on the basis of the acquisition of a 20% stake in Wuhan Aite Paper & Plastic Packaging Co., Ltd. in December 2017. Upon completion of the transaction, Yutong Technology will directly hold 51% of its equity.
Yutong Technology pointed out that the acquisition of the equity of “Wuhan Aite Paper & Plastic Packaging Co., Ltd.†is conducive to enhancing the company's competitiveness in the high-end cigarette packaging market segment and further enhancing the company's comprehensive service strength and core competitiveness. In terms of long-term development, it will have a positive impact on the company's performance improvement and profit growth.
Event 2: 188 million acquisition of 90% equity of Shanghai Jiayi
On June 15, 2018, Yutong Technology announced that it had completed the 90% equity transfer with Jiayi (Shanghai) Packaging Products Co., Ltd., and completed the registration procedures for industrial and commercial registration, and obtained the Shanghai Administration for Industry and Commerce. Renewed Business License.
Jiayi (Shanghai) Packaging Products Co., Ltd. is mainly engaged in the production and processing of corrugated boxes, cardboard, paper card boards, beer cards, color boxes, color boxes, packaging and decoration printed matter, and sales company's own products. In this acquisition, Yutong Technology acquired its shareholding from Kaily Packaging (Private) Limited for a purchase price of RMB 188.1 million.
Event 3: It is planned to acquire 70% equity of Jiangsu Dejin with 180 million yuan
On September 27, 2018, Yutong Technology announced that it intends to acquire 70% equity of Jiangsu Dejin Plastic Packaging Co., Ltd. held by Dejin (Hong Kong) Holdings Co., Ltd. at a purchase price of RMB 179.9 million.
Jiangsu Dejin Plastic Packaging Co., Ltd. is a precision packaging manufacturer specializing in cosmetics and skin care products and daily consumer products. The main products include quantitative pumps, cream lotion bottles, vacuum bottles, mascara tubes, compact boxes, lipstick packaging, etc. , has a number of high-end brand customers, such as Blue Moon, Unilever, Mentholatum, Han Hou, Baique Ling, Avon and so on.
Summary: Packaging Development Strategy
For the above transactions, we can use Yutong Technology's acquisition report to make a summary: packaging development strategy. That is to continue to make a fuss about the packaging market, not limited to its original expertise in the field of consumer electronics packaging, but to break through the original pattern, towards more.
2 Hexing Packaging: Many acquisitions show the king's demeanor, and the billion-dollar revenue is close at hand.
Hexing Packaging is not only a large-scale, PSCP/IPS project has developed rapidly, but also has a wide range of customers, and its revenue and net profit have maintained rapid growth. It is being transformed by packaging manufacturers to integrated packaging service providers. According to the development trend, Hexing Packaging is only one step away from the revenue of 10 billion yuan.
Event 1: 720 million acquisition of Hezhong Chuangya (Asia)
On March 27, 2018, Hexing Packaging announced that it intends to acquire 100% of Hezhong Chuangya (Asia) at a price of 718 million yuan. On June 25, Hexing Packaging re-announced that as of June 4, 2018, the company's acquisition of Hezhong Chuangya (Asia) 100% of the share transfer procedures have been completed, and all the price has been paid.
Hezhong Chuangya (Asia) is the corrugated box business of the original international paper China region. In China, Hezhong Chuangya (Asia) has 14 subsidiaries located in the Northeast, North China, East China, Southwest, South China and Central China.
Through this acquisition, on the one hand, Hexing Packaging can realize the horizontal integration of the industry and consolidate its leading position. On the one hand, it can rapidly enhance the market layout in Northeast China and East China, consolidate the competitive advantages in South China and Central China, better serve customers and achieve synergy.
Event 2: Proposed wholly-owned acquisition of 4 companies in Southeast Asia
On June 6, 2018, Hexing Packaging announced that it intends to acquire and acquire shares in four companies of Hefei, Kuala Lumpur, Indonesia and Thailand with its own funds. After the completion of the transaction, the company and its wholly-owned subsidiary Xiamen Hexing Network Technology Co., Ltd. and Xiamen Hexing Supply Chain Management Co., Ltd. jointly held 100% of the above four companies.
Hexing Packaging said that in view of the fact that Hezhong Chuanga Johor, Kuala Lumpur, Indonesia and Thailand have already operated, the company will realize the market layout in Southeast Asia after the acquisition, and at the same time, it can create synergy with the company to realize industrial integration and expansion. The international influence of packaging will consolidate the leading position of Hexing Packaging.
Some insiders pointed out that this acquisition will also help Hexing Packaging to open up the original paper procurement channels in China and Southeast Asia, share the technology and resources of Southeast Asia, realize synergy, provide talent reserves for future overseas expansion, and enhance the company's overseas operations. Experience to enhance the company's comprehensive competitiveness and influence.
Summary: Accelerating market share expansion
The packaging industry is a trillion market industry. The market share of the US CR2 packaging market is over 60%. China's current packaging market share is low, and there is room for improvement in the future. Due to the long-term deep cultivation of the packaging industry and the better resource layout, Hexing Packaging will continue to increase its market share in the future.
3 Jihong shares: creative + Internet, packaging and Internet business synergistic development
In recent years, Jihong has improved the Internet marketing data platform and e-commerce platform targeting accurate users, and opened up the offline traffic portal to display packaging and functional packaging with FMCG products, preempting and cultivating Internet traffic exploding products as traffic portals. The media resources have made the packaging and Internet businesses well developed.
Event 1: Joint acquisition of 100% equity of Beijing Longyu Star with subsidiaries
On March 4, 2018, Jihong shares announced that it will acquire a 100% stake in Beijing Longyu Star. Upon completion of the transaction, Beijing Longyu Star will become a wholly-owned subsidiary of the company. On April 25th, Dragon Star has completed the registration procedures for industrial and commercial registration and obtained the business license issued by the Beijing Administration for Industry and Commerce.
This transaction is beneficial to Jihong Packaging's expansion of business areas, effectively optimizing resource allocation, expanding the company's multi-business market and customer resources, and further enhancing the company's profitability and market competitiveness.
Event 2: Over 10 million acquisition of Anhui Weizhi Environmental Protection 33%
On September 13, 2018, Jihong announced that it signed an "Equity Transfer Agreement" with the Hongshan Investment Management Partnership of Ningbo Meishan Bonded Port Area on September 12, stipulating that the company will acquire Ningbo Hongsheng at a price of RMB 10.75 million. 33% equity of Anhui Weizhi Environmental Protection Paper Co., Ltd.
Anhui Weizhi Environmental Paper mainly provides customers with high-quality paper containers, hamburger boxes, hamburger papers, plate papers and take-away bags. The main customers include KFC, McDonald's, Burger King, Subway, Lotte and other famous chains. Catering companies, as well as Yonghe Wang, Baixiang instant noodles, You Lemei, Uni-President, Wallace, Want Want and other Chinese-style local star brands.
Event 3: Capital increase into the Beijing Oceanary
On November 14, 2018, Jihong announced that its wholly-owned subsidiary, Xiamen Zhengqi Information Technology Co., Ltd., intends to sign the “Increase and Shareholding Agreement†with natural person Wang Jianwei and natural person Wang Haiying. Zheng Qi information and natural person Wang Haiying intend to The company owns RMB 4 million and RMB 800,000 to Beijing Ocean Disc Technology Development Co., Ltd.
Beijing Ocean Science and Technology Development Co., Ltd. is mainly engaged in product research and development and technology development. It has strong digital entertainment content and online digital entertainment service development capabilities. It now has a variety of high-quality mobile internet game product resources covering mobile End iOS, Android cumulative 300W users.
Summary: Creative + Internet
It can be seen that while doing the original packaging and printing business, Jihong shares closely follows the trend of the rapid development of the Internet and actively explores new development models. For the future, Jihong shares are likely to integrate information network technology and manufacturing industry, open up new development channels and increase new profit growth points.
In fact, in 2018, the M&A events in the packaging and printing industry are far more than these. Due to space limitations, the author only introduced the three companies of Yutong Technology, Hexing Packaging and Jihong.
Of course, in addition to the acquisition, there are still many enterprises in the packaging and printing industry to build new smart factories and put on a batch of expensive and sophisticated production equipment. In the following period of time, the author will take an inventory and ask the reader to continue to pay attention.
All in all, in the face of rapid reshuffle and integration of the industry, polarization will become more and more serious, and this is also an inevitable process for an industry to mature. However, the packaging and printing industry is too arrogant, and the road to integration in the future is still very long. What we can do is only waiting to be seen.
Note: The above acquisition information is derived from the above corporate announcements.
Responsible editor: Ge
This article is posted on the website for the purpose of transmitting more information and does not imply endorsement of its views or confirmation of its description.
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