Jiyuan Packaging : Announcement on operating results of 2021

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Provided by: Jiyuan Packaging Holdings Limited
SEQ_NO	1	Date of announcement	2022/03/30	Time of announcement	18:12:16
Subject	Announcement on operating results of 2021
Date of events	2022/03/30	To which item it meets	paragraph 51
Statement	1.Date of occurrence of the event:2022/03/30 2.Company name:Jiyuan Packaging Holdings Limited 3.Relationship to the Company (please enter "head office" or "subsidiaries"):head office 4.Reciprocal shareholding ratios:N/A 5.Cause of occurrence: Jiyuan Packaging Holdings announced today the consolidated financial report for the fourth quarter and full year of 2021. The consolidated revenue for a single quarter was NT$1.338 billion, an increase of 35.9% over the previous quarter; the gross profit margin for a single quarter was 7.5%, and the operating profit was NT$77.09 million. Non-operating income was NT$6.36 million, net profit after tax was NT$56.25 million, and earnings per share were NT$0.83. In 2021, the consolidated revenue was NT$4.053 billion, an increase of 45% over the same period last year, the gross profit margin was 6.9%, the operating profit was NT$7.251 million, the non-operating income was NT$7.36 million, and the net profit after tax was NT$50.33 million. The annual earnings per share (EPS) was NT$0.75, and the board of directors approved a cash dividend of NT$0.3 per share. In the second half of the year, the beverage industry has entered the traditional peak season. In addition to the increase in customer stocking before the Lunar New Year in the fourth quarter, the company's overall operation maintains the momentum of the peak season. In 2021, although the prices of various raw materials such as tinplate and aluminum ingots continued to rise, and operating costs increased, which affected the gross profit margin and overall profit performance, the company continued to adjust its selling prices to reasonably reflect the rising costs, and continued to optimize its customer portfolio. With decentralization, process improvement and effective cost reduction measures, the company made continuous profits throughout the year, and with proper cash flow control, the net cash inflow from operating activities for the year was NT$513 million. Looking forward to the future, the second production line of two-piece aluminum cans of Guangdong Jiduobao, a subsidiary company, has entered the stage of trial production and equipment adjustment. It is expected to be officially put into production in the second quarter of this year to meet the needs of two-piece aluminum can customers with different can types, and to grasp the business opportunities of the continuous improvement of the aluminum can market. In the future, Jiyuan will continue to enhance the company's market competitiveness by optimizing production capacity, integrating the resources of various factories of the group, and enhancing the diversity of technology and products. 6.Countermeasures:N/A 7.Any other matters that need to be specified:N/A