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Hexiong Packaging (002228.SZ) subsidiary once again obtains recognition as a high-tech enterprise.
Gelonghui, May 5th ┃ Hexpackaging (002228.SZ) announced that recently, its wholly-owned subsidiaries Hubei Hexpackaging Printing Co., Ltd. and Fujian Changxin Paper Packaging Co., Ltd., as well as its controlled subsidiaries Hohhot Hopak Packaging Co., Ltd., Xiamen Hexpackaging Industry Co., Ltd., and Fujian Hexin Packaging Co., Ltd., have respectively obtained the 'High-tech Enterprise Certificate.' According to the 'Enterprise Income Tax Law of the People's Republic of China' and the relevant tax regulations for high-tech enterprises, these five companies can enjoy the preferential income tax policies for high-tech enterprises for three years from the date of re-certification as high-tech enterprises.
Hexing Packaging (002228): 2025 net profit increases by 10.6%, gross margin steadily improves
Performance Review 2025: Results Below Our Expectations. The company released its 2025 performance: revenue of 10.194 billion yuan, a year-on-year decrease of 11.1%; net profit attributable to shareholders of 103 million yuan, a year-on-year increase of 10.6%. Weak downstream demand.
Hexpackaging's net profit attributable to shareholders reached 103 million yuan in 2025, increasing by 10.61%. Both gross margin and net margin have risen, with corrugated packaging accounting for nearly 90% of the total.
In 2025, the company's revenue declined by 11.13% year-on-year to RMB 10.194 billion, but net profit attributable to shareholders grew against the trend by 10.61% to RMB 103 million, with non-recurring net profit increasing by 8.74%. Both gross margin and net margin improved, reflecting effective cost control and structural optimization. The Q4 single-quarter loss weighed on the annual performance, with profit growth partly relying on non-recurring gains such as government subsidies. Revenue from corrugated packaging rose to account for 89.98% of total income, with the South China, Central China, and East China regions contributing over 70% of total revenue.
Hexing Packaging: First Quarter Report for 2026
Hexing Packaging: 2025 Annual Report
Hexing Packaging: Summary of the 2025 Annual Report