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Jinming Precision Machinery achieved a net profit of 0.7 billion yuan in 2024, representing a year-on-year increase of 5.93%.

Plastic Machinery Network 2025-04-01 16:15:41

On March 28, Guangdong Jinming Machinery Co., Ltd. (referred to as "Jinming Machinery") released its 2024 annual report. The report shows that in 2024, Jinming Machinery achieved a total operating revenue of 474 million yuan, a year-on-year increase of 4.37%; the net profit attributable to the parent company was 7.114 million yuan, a year-on-year increase of 5.93%.

The report indicates that in 2024, with increasing external pressures and internal challenges, the global economy continues its low-growth trend. Jinming Precision Machinery remains firmly focused on its high-quality development objectives, proactively adapting to the new normal and adhering to innovation-driven strategies to solidify the foundation for high-quality growth. By leveraging multiple channels such as R&D, market expansion, operations, and digital-intelligent empowerment, the company strengthens its competitive edge in high-end intelligent plastic machinery while advancing the structural transformation and upgrading of its film business, continuously fostering new momentum and advantages for development.

In the field of intelligent plastic machinery, Jinming Precision Machinery's advanced five-axis联动processing center and other production supporting equipment were successfully put into production in 2024, achieving a capacity increase for core components such as ultra-large dies, laying a foundation for expanding the business of manufacturing equipment for ultra-wide agricultural films. Closely aligning with the diverse needs of downstream customers, they have meticulously developed new products, successfully researching and customizing strategic new models such as container liquid bag film production lines, stretch breathable film production lines, high barrier film production lines, forage film production lines, and biaxial stretching film production lines, constantly expanding their product matrix. They continue to focus on refined management, steadily advancing improvements in product performance and quality, standardizing product modules, and accelerating the coverage of deep equipment data analysis (EDA) platforms. By integrating digital management applications into the equipment, they enhance the intelligence level of their products.

Jinming Precision Machinery stated that in the new year, the company will build on its over 30 years of experience in plastic machinery manufacturing, firmly commit to the intelligent manufacturing transformation and upgrading, and continue striving to set industry benchmarks. On one hand, the company will closely align with market and customer demands, adapt to the high-end, personalized, and customized market trends, drive the rapid growth of new production models and business formats, and actively develop and produce high-value-added, high-tech products characterized by precision, specialization, integration, and intelligence. It will implement the national "Three Products" initiative—enhancing quality, increasing variety, and building brands—by focusing on consumer needs to improve product quality, strengthen brand creation, and enhance the competitiveness of domestic brands. On the other hand, the company will expand its channels to attract business opportunities, focusing on building a seamless industrial chain from resources to customers. It aims to strengthen its advantage in providing comprehensive film product solutions, with a particular emphasis on three core product lines: specialized equipment for packaging film production, specialized equipment for specialty film production, and specialized equipment for agricultural and geotechnical film production. Additionally, it will continue to consolidate its advanced processes and technologies in core components of film equipment, maintaining a world-leading position.

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Jinming Precision Machinery achieved a net profit of 0.7 billion yuan in 2024, representing a year-on-year increase of 5.93%.

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