Xiamen Jihong Package Technology: "A+H" is about to be listed, and the leading cross-border e-commerce company "AI+" will welcome a revaluation of its value.

On May 8th, Xiamen Jihong Co., Ltd., a technology company from Fujian, successfully passed the hearing at the Hong Kong Stock Exchange, becoming the fifth A-share listed company to pass the hearing at the Hong Kong Stock Exchange this year. At the same time, as a leading cross-border social e-commerce platform that has been deeply rooted in the Asian market for many years, Xiamen Jihong Package Technology is also set to become the first "AI-driven cross-border social e-commerce A+H stock". From a market perspective, Xiamen Jihong Package Technology has established a unique business model driven by cross-border social e-commerce and paper-based consumer product packaging, and has created a strong technological barrier by integrating AI with its operations, making it significantly scarce in the secondary market. In terms of financial performance, the company has achieved steady growth in performance against the headwinds, accelerated expansion overseas, and has a prominent market leading position. GLMS SEC Securities pointed out in a recent research report that since 2025, there have been frequent policy announcements on "AI + Consumption", driving the accelerated integration of technology and consumption scenarios. With continuous policy enhancements, B2B cross-border e-commerce and human resource services are expected to become core beneficiaries due to their clear AI application scenarios and commercialization pathways. After this successful listing, the liquidity boost in the secondary market is expected to drive Xiamen Jihong Package Technology to achieve high-speed growth and a "flywheel effect" in terms of performance. For investors, this is also a rare opportunity to invest in high-quality assets and share the growth dividends of cross-border social e-commerce. Fundamental resilience highlighted, creating a high-quality growth paradigm with "dual-drive" According to reports, despite the overall pressure on the cross-border e-commerce industry, Xiamen Jihong Package Technology has continued to achieve impressive growth in performance, steadily increasing its profit center. The prospectus shows that in 2024, the company achieved 5.529 billion yuan in operating income. In the first quarter of 2025, Xiamen Jihong Package Technology achieved revenue of 1.477 billion yuan, a year-on-year increase of 11.55%, a net profit of 59.1599 million yuan, a year-on-year increase of 38.21%, and a non-net profit growth rate of 51.04%, demonstrating steady operational resilience. Currently, Xiamen Jihong Package Technology has successfully established a dual-drive pattern of collaborative development between its cross-border social e-commerce business and paper-based consumer product packaging business. In its cross-border social e-commerce business, the company uses an innovative "goods-finding people" business model, relying on its strong AI digital model, data-driven operational management system Giikin, and its one-stop service SaaS platform "Jimaoyun" to empower marketi...Ranked second in the commercial industry, our company is ranked first among paper consumer goods packaging companies in mainland China. In 2022, the company was ranked 5th in the "Top 100 Printing and Packaging Enterprises in China" by Printing Manager magazine, and our cross-border social e-commerce business was also awarded the Global Leading Award by TikTok in 2023, demonstrating our company's strength and recognition in the industry.It can be seen that the dual-drive model of cross-border social e-commerce and paper consumer goods packaging business has significant synergistic potential. It not only can improve overall operational efficiency and build differentiated competitive advantages, but also create sustainable growth momentum for the company, further highlighting its long-term value investment attributes. AI empowers a new ecosystem of cross-border e-commerce, seizing the opportunity to transform and upgrade towards digitization Against the backdrop of artificial intelligence technology accelerating industrial transformation, Xiamen Jihong Package Technology has proactively laid out cutting-edge technologies in recent years, actively promoted AI strategic transformation, and deeply integrated AI, big data, and other technologies into its own business, realizing comprehensive empowerment of the full chain of cross-border social e-commerce business. In response to pain points in cross-border e-commerce transactions such as information asymmetry, language and cultural differences, and difficulty in accurately reaching target customer groups, Xiamen Jihong Package Technology has launched its self-developed operational management system, "Giikin." Its AIGC application widely covers multiple business processes from the front-end selection of products, material generation, and advertisement placement to the back-end customer service and after-sales service. This not only accelerates the digitization transformation of the business but also builds a solid competitive barrier for the company. In terms of product selection, utilizing the dynamic data analysis capabilities of big data and AI algorithms, Giikin can establish dynamic user profiles on popular foreign social networking platforms such as Meta (formerly Facebook), TikTok, Google, Line, YouTube, and Instagram, achieve precise product selection and targeted marketing, and deeply reach the target consumer groups. For landing page generation and ad development, the company's self-developed e-commerce text category model, ChatGiiKin-6B, can quickly sort out product selling points, automatically generate diverse product content and high-quality ad videos tailored to "a thousand faces of a thousand people," enrich real-time product label data, and help the product selection team respond quickly to market demand changes and track market trend hotspots in real-time. In terms of advertisement placement, the ad placement assistant, G-king, can collect and analyze advertisement data from various social media platforms, provide intelligent optimization suggestions based on AI algorithms, and effectively improve the cost-effectiveness of advertisements. As of now, the Giikin system has accumulated data on over 611,000 SKUs regarding prices, sales, and other aspects. The company's database and ad material library have stored over 5.8 million ad materials. At the same time, the company continues to optimize its supply chain efficiency. The inventory-to-sales ratio for cross-border social e-commerce businesses during the reporting period ranged from 3.2% to 4.0%, lower than the industry average. The logistics efficiency has significantly improved, with products typically being delivered within 7 days. By digitizing, visualizing, and intelligentizing the entire business chain through AI, this unique operating model enables Xiamen Jihong Package Technology to maintain a good cash flow situation while keeping inventory levels low. Building on this foundation, Xiamen Jihong Package Technology has further leveraged its vast and deep market demand and consumer preference data to create its unique brand portfolio. It is understood that as of the latest disclosure date, Xiamen Jihong Package Technology already has six proprietary brands (including SENADA BIKES, Veimia, Konciwa, and PETTENA), covering various niches such as electric bicycles, underwear, sun umbrellas, and pet supplies. Furthermore, to further enhance the industry ecosystem and promote the digitization transformation of the industry, Xiamen Jihong Package Technology has launched a one-stop service SaaS platform tailored for cross-border e-commerce suppliers - "Ji Miao Cloud." This system provides suppliers with a series of functions such as automatic translation, marketing, cross-border logistics, and cross-border payments, effectively improving the operational efficiency of cross-border e-commerce and consumer experience. As the company accelerates the development of cloud computing, image processing, big data, and other AI-related digital applications in the future, the SaaS service platform is also expected to become a new growth curve for the company. As a leader in the cross-border social e-commerce segment, Xiamen Jihong Package Technology has demonstrated strong fundamental resilience, building a differentiated competitive moat through its unique business model and AI technology strength. As one of the few companies successfully integrating AI with cross-border e-commerce and achieving dual listings in both A and H shares markets, Xiamen Jihong Package Technology is quite rare, and with the continuous deepening of AI applications and the increase in overseas market penetration, it is expected to experience both performance and valuation growth, leading to a "Davis double-click."