Economic Observation Network Jinjia Corporation (002191) had a revenue of 1.59 billion yuan in the first half of 2026, with a year-on-year decline of 60.49% in net profit attributable to the parent company. The controlling shareholder's shares were subject to judicial auction and there is a risk of change in control

Performance and business situation:
Jinjia Group's revenue for the first half of 2026 was 1.59 billion yuan, a year-on-year increase of 28.40%, but the net profit attributable to the parent company was only 48.2697 million yuan, a year-on-year decrease of 60.49% The key to increasing revenue without increasing profits lies in the business structure: the revenue of the new tobacco sector was 629 million yuan, a year-on-year increase of 166.96%, accounting for nearly 40% of the total revenue However, the gross profit margin was only 4.93%, dragging down the overall gross profit margin by about 5 percentage points The revenue from traditional high-quality paper packaging was 470 million yuan, a year-on-year decrease of -25.63%. The cigarette label business is under continuous pressure from stricter regulation and adjustments to bidding policies 。

Shareholders pledge shares:
The shares held by the controlling shareholder Jinjia Venture Capital have been fully pledged, and the cumulative amount involved with related parties such as the concerted action person and actual controller Qiao Luyu is approximately 6.443 billion yuan On August 18th, the court ruled to auction off 138.8 million shares held by Jinjia Venture Capital, and another 18 million shares were successfully auctioned off by the judiciary on August 26-27 The controlling shareholder's shareholding ratio continues to decline, and the company has clearly indicated that if the judicial disposal involves a certain proportion of stocks, it may lead to a change in control 。

The above content is based on publicly available information and does not constitute investment advice.