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Chinese maker of food and beverage packaging materials — cartons and containers — based in Chuzhou.
Chinese maker of food and beverage packaging materials — cartons and containers — based in Chuzhou.
Moat: none (customer qualification). Food packaging is largely commoditized, though long-term brand-customer contracts add some stability.
Headquarters: Chuzhou, Anhui, China · Employees: 2,912
Size Jiamei Food Packaging (Chuzhou) (002969.SZ) is a China Materials company (Containers/Packaging) with a market value of $1.55B, the 1583rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥9.50 on 6 Nov 2026.
Performance Over six months the shares fell 56.0%, against -6.2% for the median peer and -16.4% for the China market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 9.8% over the last twelve months (peer median +1.9%); the operating margin is 6.2% (peer median 6.4%).
Valuation It trades at 86.4× forward earnings against a peer median of 15.7× (most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 1.0 points below its cost of capital (8.8% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.85B | CN¥2.81B | CN¥3.19B | CN¥3.12B | CN¥2.97B |
| Revenue growth | — | -12% | +2% | +5% | — |
| Gross profit | CN¥591M | CN¥332M | CN¥464M | CN¥402M | CN¥227M |
| EBITDA | n/a | CN¥375M | CN¥522M | CN¥463M | CN¥257M |
| Net income | CN¥123M | CN¥86.6M | CN¥183M | CN¥154M | CN¥17.0M |
| Free cash flow | CN¥162M | CN¥211M | CN¥274M | CN¥53.6M | -CN¥173M |
| Capital expenditure | CN¥241M | CN¥228M | CN¥231M | CN¥305M | CN¥504M |
| Total debt | CN¥640M | CN¥1.24B | CN¥1.48B | CN¥1.29B | CN¥1.66B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jiamei Food Packaging (Chuzhou) 002969.SZ | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% |
| Shanghai Zijiang Enterprise 600210.SS | $1.54B | -3% | -18% | 10% | 11.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002969.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.3% | +0.6% | 6th lowest of 21 |
| 6-month return | -56.0% | -6.2% | lowest of 21 |
| Distance from 52-week high | -71.7% | -23.0% | lowest of 21 |
| Revenue growth (TTM) | -9.8% | +1.9% | 4th lowest of 21 |
| Operating margin | 6.2% | 6.4% | 11th highest of 21 |
| Forward P/E | 86.4× | 15.7× | most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 22.4% | -1.9% | 4th most demanding of 12 |
| Growth delivered (Del g) | +7.3% | +5.9% | 4th highest of 12 |
| Hurdle (Req g minus delivered) | +15.1 pp | -5.0 pp | 4th most demanding of 12 |
| ROIC minus cost of capital | -1.0 pp | +0.8 pp | 9th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiamei Food Packaging (Chuzhou) 002969.SZ | China | $1.55B | -56% | -10% | 6% | 86.4× | 22.4% | +7.3% |
| Shanghai Zijiang Enterprise 600210.SS | China | $1.54B | -3% | -18% | 10% | 11.3× | n/a | n/a |
| Jiangsu Hualan New Pharmaceutical Material 301093.SZ | China | $1.53B | -27% | +6% | 5% | 77.4× | 50.9% | +6.7% |
| Shanghai Shunho New Materials Technology 002565.SZ | China | $1.51B | -50% | -15% | -3% | n/a | n/a | n/a |
| ORG Technology 002701.SZ | China | $1.65B | -22% | +24% | 5% | 9.6× | -5.2% | +15.8% |
| TriMas TRS | United States | $1.37B | -10% | -33% | 5% | 19.1× | n/a | n/a |
| Orora ORA.AX | Australia | $1.34B | +17% | +6% | 11% | 15.8× | 2.5% | -8.9% |
| Shandong Pharmaceutical Glass 600529.SS | China | $1.85B | 0% | -9% | 18% | 16.5× | -2.4% | +5.5% |
| Winpak WPK.TO | Canada | $1.91B | +12% | +3% | 15% | 12.5× | -10.9% | +6.6% |
| Shenzhen Leaguer 002243.SZ | China | $1.27B | -18% | +5% | -3% | 19.9× | 44.6% | +1.6% |
| Shenzhen Changhong Technology 300151.SZ | China | $1.23B | -12% | -1% | 6% | 59.9× | n/a | n/a |
| Gerresheimer GXI.DE | Germany | $1.21B | +24% | +9% | -4% | 18.0× | 55.8% | +10.3% |
| Fuji Seal International 7864.T | Japan | $1.18B | +38% | +4% | 9% | 10.8× | -9.5% | +5.9% |
| Jia Yao 1626.HK | Hong Kong | $2.05B | +175% | +161% | 6% | n/a | n/a | n/a |
| Cascades CAS.TO | Canada | $1.15B | +49% | +1% | 5% | 9.2× | -1.9% | +3.1% |
| Suzhou Hycan 002787.SZ | China | $1.09B | -10% | 0% | 7% | 36.4× | n/a | n/a |
| Taiwan Hon Chuan Enterprise 9939.TW | Taiwan | $1.07B | +7% | 0% | 15% | 10.2× | n/a | n/a |
| Huangshan Novel 002014.SZ | China | $1.02B | +5% | +9% | 12% | 15.7× | n/a | n/a |
| Elopak ELO.OL | Norway | $1.01B | -11% | 0% | 9% | 11.8× | -8.3% | +7.7% |
| Zhejiang Great Shengda Packing 603687.SS | China | $995M | -30% | +1% | 3% | 32.6× | n/a | n/a |
| Zhejiang Zhongxin Environmental Protection Technology 603091.SS | China | $991M | -20% | +31% | 22% | 14.5× | 7.8% | +4.4% |