Shanghai Oriental Century Consumer Goods Development Promotion Center (hereinafter referred to as "Oriental FMCG Center") and the industry-leading all-media - "FMCG" summarized the 2023 performance of more than 420 FMCG-related companies listed on the Shanghai Stock Exchange, Shenzhen Stock Exchange, Hong Kong Stock Exchange and Beijing Stock Exchange, ranked by category and through the main business indicator - operating income, and announced the "2023 Top List of Listed FMCG Listed Companies in Segments". This time, "FMCG" brings: 2023 China's top 15 FMCG listed companies in packaging equipment. Among the top 15 listed packaging equipment companies, their total revenue in 2023 will be about 55.211 billion yuan, and their total net profit will be about 2.722 billion yuan.
2023 TOP15 packaging equipment of China's largest FMCG listed companies
Source: Oriental FMCG Centre
Note: The exchange rate refers to the central parity of the RMB exchange rate in the interbank foreign exchange market on December 29, 2023 published by the China Foreign Exchange Trade System
01
O.R.G
（002701. SZ）
In 2023, ORG (002701. SZ) operating income was 13.843 billion yuan, a slight decrease of 1.59% compared with 2022, and the net profit performance was outstanding, reaching 775 million yuan, an increase of 37.05%. In terms of products, in 2023, the company's main business revenue from metal packaging products and services will be 12.039 billion yuan, a year-on-year decrease of 2.77%, accounting for 86.97% of operating income; The revenue of filling services was 151 million yuan, a year-on-year increase of 0.53%, accounting for 1.09% of the operating income. As a partner of many global FMCG brands, such as Coca-Cola, China Red Bull, Tsingtao Beer, Jianlibao, Xiangpiaopiao, Yuanqi Forest and other well-known enterprises have reached strategic cooperation with one can and one yard, ORG relies on a wide customer base to ensure the stability of revenue. In the same year, the company's strategic cooperation with Budweiser has borne fruit, and the first domestic mass production lightweight lid packaging line has been put into use, marking a major breakthrough in lightweight packaging technology, and the lightweight cans designed and produced for Budweiser have reached 9.57 grams and 330mL, reaching the industry-leading level, and set the global leading goal of 9.30 grams and 330mL within three years. The chairman of ORG is Zhou Yunjie and the general manager is Shen Tao.
02
COFCO packaging
(00906.HK)
COFCO Packaging (00906.HK) revenue in 2023 will reach 10.265 billion yuan, a year-on-year increase of 0.1%, and its net profit will be 474.8 million yuan, a year-on-year decrease of 2.42%. Among them, aluminum and tinplate packaging contributed 5.346 billion yuan and 4.21 billion yuan respectively, accounting for 52.1% and 41.0%, and the gross profit margin was 14.6%. The revenue of the two-piece can business was 5.146 billion yuan, and the customer base was stable, covering large enterprises such as AB InBev. The company has a rich product line, covering all kinds of packaging materials, and widely serves the consumer goods market. On the evening of April 15, 2024, COFCO Packaging announced that the offeror is Shenwan Hongyuan Financing (Hong Kong) Co., Ltd. on behalf of CHAMPION HOLDING (BVI) CO., LTD. and that LTD's tender offer for COFCO Packaging has been approved by the National Development and Reform Commission. CHAMPION HOLDING (BVI) CO., LTD is wholly owned by two state-owned enterprises, China Baowu and Guoxin Investment, through Changping Industrial. Prior to the approval of the National Development and Reform Commission, China Baowu's tender offer for COFCO Packaging had been approved by the State-owned Assets Supervision and Administration Commission of the State Council and the Ministry of Commerce in the first quarter of this year. With the approval of the National Development and Reform Commission (NDRC), the tender offer has taken another step forward, with only antitrust review and relevant approvals or authorizations from the State Administration of Foreign Exchange (SAFE) remaining to be met. On May 13, 2024, according to the record of investor relations activities released by packaging manufacturer ORG, in response to investors' questions about the acquisition of COFCO Packaging, ORG said that in the orderly progress of the acquisition project, since becoming a shareholder of COFCO Packaging, the two parties have maintained good business cooperation. The general manager of COFCO Packaging is Qu Hongliang.
03
Baosteel packaging
（601968. SH）
On April 27, 2024, Baosteel Packaging (601968. SH) announced its 2023 annual financial report, showing that the operating income was 7.760 billion yuan, a year-on-year decrease of 9.16%, and the net profit was 219 million yuan, a year-on-year decrease of 18.58%. At present, it has established long-term and stable strategic cooperative relations with well-known FMCG brand customers at home and abroad, including Coca-Cola, Pepsi, Snow Beer, Budweiser, Carlsberg Beer, Tsingtao Beer, Wanglaoji, etc. In the main business segment, the sales of metal beverage cans were 7.261 billion yuan, down 5.83% year-on-year, accounting for 93.56% of the total revenue; The revenue of packaging color printing iron was 483 million yuan, a sharp decrease of 40.04% year-on-year, accounting for 6.22%. In 2023, Baosteel made progress in the strategic deployment of packaging: in the first quarter, the Guizhou plant was successfully put into operation, the first batch of cans rolled off the production line, and the layout of the southwest market took an important step to strengthen the coordination of domestic production capacity. Subsequently, the successful hot test of the Cambodian factory in June marked the formation of Baosteel Packaging's network of "3 countries, 4 bases and 5 production lines" in Southeast Asia, enhancing the synergy between production capacity and market, and greatly improving regional competitiveness. Cao Qing is the chairman and general manager of Baosteel Packaging.
04
Greatview packaging
（00468. HK）
2023 Greatview Packaging (00468. HK) achieved operating income of 3.817 billion yuan, a year-on-year decrease of 3.06%; net profit was 244 million yuan, a year-on-year increase of 33.89%. In FY 2023, the company sold approximately 21.2 billion packaged products, down 11.6% from 2022, mainly due to a 17.2% decline in sales in China due to the fierce competition in the Chinese market, despite a slight increase of 0.2% in international business. In terms of products, the "Greatview Brick 250ml Standard Pack" is still the best-selling item, followed by the "1000ml Slim PLH". Greatview Packaging's newly launched "180ml Ultra-Fine Slim Pack" product has successfully won recognition in the international market, and the "One Box, One Code" technology has quickly landed in Thailand, adding new impetus to the business. In addition, in order to meet the market demand, Greatview has released the "1000ml Crown Bag" package, which is specially designed for low-temperature dairy products, and its wide opening design optimizes the sealing and filling efficiency, improves the drinking experience of consumers, and provides a cost-effective and functional packaging solution. Bi Hua is the Chief Executive Officer.
05
Hairong cold chain
（603187. SH）
In 2023, Hairong Cold Chain (603187. SH) operating income reached 3.205 billion yuan, a year-on-year increase of 10.34%, and net profit reached 413 million yuan, a year-on-year increase of 41.37%. Among them, the commercial display cabinet business, as the core strength, contributed 3.052 billion yuan, accounting for 95.23% of the total revenue, a year-on-year increase of 9.35%. The company focuses on the field of commercial cold chain equipment, and its products cover multiple series such as refrigerated, refrigerated display cabinets and smart vending cabinets to meet the diversified needs of consumer goods industries such as food and beverage. This year, the company not only expanded its production to 1,367,300 units, an increase of 19.01%, but also climbed its sales volume to 1,304,400 units, an increase of 12.17%. Focusing on the strategy of "specialization, differentiation and customization", Hairong Cold Chain continues to promote technological innovation and product upgrading, and successfully develops energy-saving, high-efficiency and intelligent new products, such as intelligent vending cabinets, frozen product combination cabinets and back-up sliding door cabinets, etc., which further enriches the product matrix and accurately matches the specific needs of different markets and customers. The domestic market strategy has achieved remarkable results, and all market segments have achieved good results, especially in the field of commercial refrigerated display cabinets, and the optimization of customer structure has led to rapid sales growth. The chairman and general manager of Hairong Cold Chain is Shao Wei.
06
Jiamei Packaging(002969. SZ）
Jiamei Packaging(002969. SZ) announced that its annual operating income for 2023 will reach 3.152 billion yuan, a year-on-year increase of 5.74%; The net profit attributable to shareholders of the listed company reached 154 million yuan, a significant increase of 805.71% year-on-year. It has established stable cooperative relations with many well-known domestic food and beverage brand enterprises such as Yangyuan Beverage, Wanglaoji, Yinlu Group, High Fashion Group, Xiduoduo, Chengde Lulu, etc. The significant growth in 2023 was mainly due to the improvement of the external economic environment and the rebound in consumer demand, which prompted the company's "whole industry chain beverage service" platform to resume normal operation, and the number of customer orders returned to the pre-epidemic level. In 2024, Xiaogan Huaguan Beverage Co., Ltd., a wholly-owned subsidiary of Jiamei Packaging, and Beam Suntory Wine Trading (Shanghai) Co., Ltd., a subsidiary of the well-known liquor brand Beam Suntory, jointly held the groundbreaking ceremony of the high-profile "-196°C sparkling wine project" at the Xiaogan Huaguan factory. The launch of this project is not only a milestone in the cooperation between the two parties, but also marks another important layout of Jiamei Packaging in the field of high-end beverage packaging. Chen Min is the chairman and general manager of Jiamei Packaging.
07
Yongchuang Intelligence
（603901. SH）
In 2023, Yongchuang Intelligent (603901. SH) operating income reached 3.146 billion yuan, a year-on-year increase of 14.44%, reflecting the increase in sales of standard stand-alone equipment and the growth of delivery of intelligent packaging production lines, especially in the beverage field. However, net profit fell to 71 million yuan, down 74.03% year-on-year. During the year, the total amount of new orders was about 3.95 billion yuan, of which orders for beverage intelligent packaging production lines increased significantly, sales of dairy intelligent lines declined, beer lines remained stable, orders for liquor lines decreased, and orders for standard stand-alone equipment increased by more than 20%. The products are mainly positioned in the mid-to-high-end market, and the customers are mainly large and medium-sized brand enterprises, including Yili, Mengniu, Snow Beer, Budweiser, Tsingtao Beer, Haier, Gree, Yuanqi Forest and other leading enterprises in the consumer goods industry. Luo Bangyi served as the chairman of the board of directors and Wu Renbo served as the general manager.
08
Zhongrong shares
(301223.SZ)
Zhongrong Co., Ltd. (301223.SZ) 2023 annual results, annual revenue of 2.593 billion yuan, a year-on-year increase of 4.82%, net profit attributable to the parent company of 204 million yuan, a decrease of 4.40%. The company's total assets increased to 4.033 billion yuan, a year-on-year increase of 7.07%. Among them, the folding color box business is the main revenue force, contributing 1.872 billion yuan, accounting for 72.2% of the total revenue; The gift box business grew rapidly, with an annual growth rate of 40.70% and a revenue of 290 million yuan. Other printing and packaging businesses increased by 8.15% and 47.19% respectively, with revenue of 364 million and 66.59 million respectively. The Vietnam plant will be completed in 2023 and operations are expected to begin in May 2024, and the company plans to strengthen its label business by adding a label division. According to the financial report, Zhongrong Co., Ltd. strategically takes into account the exploration of industry trends and the expansion of product lines, in addition to consolidating the folding color box and gift box business, it will also accelerate the research and development of new products for pulp molding and labels. Chairman and General Manager Huang Huanran.
09
British Union shares
（002846. SZ）
AB (002846. SZ) annual revenue in 2023 will be 1.747 billion yuan, a decrease of 9.67% from last year; The net profit attributable to the parent company was 14.2119 million yuan, successfully turning around the loss. The annual report pointed out that on the one hand, the company stabilized the easy-to-open lid business, and at the same time actively promoted the composite current collector business, and established a dual-track development model of "FMCG packaging + new energy materials". By business line, in 2023, the revenue of beverages, canned food, and dry powder easy-to-open lids will be 614 million, 560 million, and 298 million yuan respectively, accounting for 35.13%, 32.02%, and 17.03% of the total revenue, respectively, of which the easy-to-open lids of dry powder will decline significantly. At this year's Expo, AB deepened cooperation with many well-known brands such as Zhongpet, Petty, Maifudi, Maodali, Afei and Badi, and launched a new product "high-temperature aluminum full open cover" series that was widely acclaimed, which innovated the user experience with its easy-to-open and durable characteristics. The chairman of the board of directors is Weng Weiwu and Weng Baojia as general managers.
10
Lehui International
(603076.SH)
In 2023, Lehui International (603076.SH) will achieve operating income of 1.652 billion yuan, a year-on-year increase of 37.17%; The net profit attributable to the parent company was 2,000 yuan, a year-on-year decrease of 10.07%. The revenue of the equipment sector was 1.545 billion yuan, an increase of 34.93%, and the profit was 80.34 million yuan, an increase of 15.43%, of which overseas revenue accounted for 42.63% of the equipment sector. Large domestic and foreign beer brewing manufacturers such as Anheuser-Busch InBev, Heineken, China Resources Beer, Pearl River Beer, Yanjing Beer, Tsingtao Beer, Toyo Can Making and Master Kong are its stable customers. The revenue of the fresh beer 30km segment surged by 89.88% to 102 million yuan, but the loss was 60.65 million yuan, mainly due to the large investment in the construction of the factory and the initial market expansion. In 2023, the company will achieve major breakthroughs in core businesses such as beer equipment, especially in the field of beer equipment, including large-scale wort press filtration, soilless filtration technology and ultra-high-speed packaging lines. The liquor and spirits equipment business continued to expand, with annual orders stable at 300 million to 400 million yuan, and orders for whisky and lithium salt equipment also exceeded 10 million yuan. During the year, the new orders of the equipment business reached 1.316 billion yuan, and the total orders in hand at the end of the year were 2.269 billion yuan. The chairman of the board is Lai Yunlai and Huang Yuening as general managers.
11
Tseng-lung-hsien
（002209. SZ）
2023 Tech-Long (002209. SZ) operating income reached 1.285 billion yuan, a year-on-year increase of 11.89%, of which 99.39% came from liquid packaging machinery and automation equipment, and this part of the business increased by 11.98% year-on-year. The company's net profit increased significantly, with the net profit attributable to shareholders of listed companies being 466 million yuan, an increase of 108.59%, and the net profit after deducting non-profits was 267 million yuan, an increase of 169.62%. For the condiment industry such as soy sauce and oyster sauce, the company continues to develop bottle washing, filling, spinning/capping integrated machine, and has been applied in Donggu, Jiajia, Qianhe and other brand enterprises, and the market demand will boost the company to further enhance the market share of such products. In 2023, in order to continuously enhance the competitiveness of its products, Tech-Long invested a total of RMB 56,562,800 in R&D in blowing technology, sterilization technology, filling technology, labeling technology, paper film packaging technology, palletizing technology, control technology, etc., an increase of 11.15% over the same period of the previous year. According to the financial report, Tech-Long adheres to the spirit of "Turning for You", and has achieved stable and significant performance growth through refined management, market adaptability and active strategies. Zhang Songming served as chairman and general manager.
12
Zhongya shares
（300512. SZ）
In 2023, Zhongya shares (300512. SZ) revenue increased to 1.018 billion yuan, a year-on-year increase of 10%, but net profit fell to 41.07 million yuan, a year-on-year decrease of 55.77%. The decline in performance was mainly due to the impact of product price reductions and rising costs due to market expansion, as well as an increase in impairment losses. With abundant customer resources and strong brand influence, the main enterprises in the downstream industry are the company's customers, such as Danone Group, Mengniu Dairy, Yili Group, Bright Dairy, Nestle, Nongfu Spring, Wahaha, Yuanqi Forest, Master Kong, Uni-President, Want Want, Sanyuan Food, Modern Animal Husbandry, New Hope, COFCO Group and Yihai Kerry in the edible oil industry, Unilever and Proya in the daily chemical industry, Jingdong Group in the e-commerce industry, Shuanghe Pharmaceutical, Yabao Pharmaceutical in the medical and health industry, Bokolin Pharmaceutical (a subsidiary of Tasly), Hisun Pharmaceutical, Hengrui Pharmaceutical, Tomson Beijian, Totole in the condiment industry, etc. In terms of products, in 2023, the company's main business will include 735 million yuan in intelligent packaging equipment revenue, a year-on-year increase of 14.20%, accounting for 72.20% of operating income; the revenue of plastic packaging products was 125 million yuan, a year-on-year increase of 25.55%, accounting for 12.28% of the operating income; The revenue of unmanned retail equipment was 34 million yuan, a year-on-year decrease of 37.19%, accounting for 3.35% of the operating income. During the reporting period, Zhongya entered the ready-made beverage market by opening a "YOGBOX yogurt collection box" store in Hangzhou through its subsidiary Gaudi Food, which not only broadened the scope of business, but also promoted the integration of packaging machinery business with new areas and deepened the connection with consumers. The chairman of the board of directors is Shi Zhongwei and Shi Zheng as general managers.
13
Shin Meisei
（300509. SZ）
In 2023, Newamstar (300509. SZ) total operating income reached 929 million yuan, a year-on-year increase of 21.65%, and the net profit attributable to the parent company was 23.2828 million yuan. As a leading enterprise of high-end liquid packaging machinery in China, Newamstar adheres to the principle of "innovation-driven, quality first", not only strengthens technology research and development and product innovation, but also broadens the domestic and foreign markets, provides integrated solutions for production and storage, and strengthens its customer base and industry leadership. The company's products have been fully recognized by well-known liquid food companies at home and abroad, such as Fujian Dali Food Group Co., Ltd., Hangzhou Wahaha Group Co., Ltd., and Danone Group. From the perspective of products, the revenue of liquid packaging equipment business was 660 million yuan, accounting for 71.04% of the total revenue, an increase of 16.40%; The revenue of preform and cap business was 167 million yuan, accounting for 18.03%, an increase of 30.25%. The company's R&D investment reached 52.3081 million yuan, accounting for 5.63% of revenue, although it decreased slightly by 0.03 percentage points compared with last year, but increased by 21.15% year-on-year, and continued to focus on the research and development of high-end equipment such as high-speed bottle blowing, high-precision filling, intelligent secondary packaging and PET aseptic filling, relying on advanced technical service platforms, committed to the independent research and development and promotion of high value-added products, keeping up with industry trends, and closely responding to market demand. Chairman He Yuntao and He Jianfeng served as general managers.
14
Bai Xinglong
（833075. BJ）
2023 Bai Xinglong (833075. BJ) total operating income of 538 million yuan, a year-on-year increase of 10.28%; The net profit attributable to the parent company was 46.0843 million yuan, a year-on-year increase of 18.04%. At the end of 2023, it will be responsible for the production of high value-added cultural and creative projects such as the "2024 Traditional Chinese Festival and New Year Nafu Season Cultural and Creative Product Set", which not only reflects the strong strength of Baixinglong in the development of cultural and creative products, but also opens up new growth points. Regarding the phenomenon that the growth of net profit exceeds the growth rate of revenue, Bai Xinglong explained that this is due to the steady increase in sales revenue and the optimization of business structure. In particular, the increase in the proportion of export orders with high gross profit margin has brought significant economies of scale and effectively improved the company's profitability, thereby achieving a significant increase in overall profits. The main customers include Kweichow Moutai Group, Yanghe Co., Ltd., Langjiu, Luzhou Laojiao, Guotai, Zhenjiu, Shanxi Fenjiu, Gujing Gongjiu, Shede, Jiuguijiu, LVMH Group, Gucci, Bulgari, Graff, Baodiejia, CATL, Juzi Biotech, Bama Tea, Wu Yutai, Yanzhiwu and more than 200 well-known domestic and foreign brand enterprises. The chairman of the board of directors is Zhao Guoyi and Zhao Guoxiang as general managers.
15
Jinsheng New Materials
（300849. SZ）
In 2023, Jinsheng New Materials (300849. SZ) total operating income reached 260 million yuan, achieving a year-on-year increase of 7.04%. Despite the challenges in financial performance, the net profit loss attributable to the parent company was 23.8749 million yuan, an increase from the loss of 22.5095 million yuan in the previous year. From the analysis of product structure, in 2023, the company's main business composition, the sales of injection molded parts will be 239 million yuan, accounting for 91.99% of the core position of operating income; the revenue of glass bottle business was 14 million yuan, accounting for 5.24%; The revenue of the mold business increased significantly, reaching 70 million yuan, an increase of 84.18%, accounting for 2.78% of the total revenue, showing the strong development momentum of the sector. According to the annual report, Jinsheng New Materials has established stable cooperative relations with many well-known brands at home and abroad, such as Estee Lauder, Osman, Shanghai Jahwa, Bloomage Biotechnology, Freda, Wen Biquan, Carslan, Lin Qingxuan, Rock Zoo, etc., to provide them with customized, high-quality and diverse cosmetic plastic packaging solutions. The chairman of the board of directors is Ruan Rongtao and Ruan Qijiang as general managers.