PM PACKAGING released its 2024 annual performance, reporting a loss of 19.374 million yuan for the year, a year-on-year turnaround from profit to loss

Jifeng Packaging released its 2024 annual performance, with operating revenue of 2.132 billion yuan, a year-on-year increase of 6.5%. However, it incurred a loss of 19.374 million yuan during the year, compared to a profit of 22.414 million yuan in the same period last year, with a basic loss per share of 0.06 yuan. Gross profit was approximately 324 million yuan, a year-on-year decrease of 5.1%. The gross profit margins for sales of corrugated paper packaging products and corrugated cardboard decreased by 4.6% and 14.0%, respectively. The gross profit margin fell from 17.1% to 15.2%, mainly due to a decline in unit price and initial losses from the new factory