Kingming Machinery 2025 Semi-Annual Report Released, Film Blowing Machine Revenue Grows by About 4%

Jinming Machinery recently released its 2025 semi-annual report. The announcement shows that during the reporting period, the company achieved a total operating revenue of 226 million yuan, a year-on-year decrease of 2.59%; the net profit attributable to shareholders was 7.2549 million yuan, a year-on-year increase of 12.11%; and the net profit excluding non-recurring gains and losses was a loss of 3.9252 million yuan, compared to a loss of 2.1894 million yuan in the same period last year.
 
In the first quarter, the company's total operating revenue was 93.11 million yuan, a decrease of 15.7956 million yuan compared to the same reporting period last year, representing a year-on-year decline of 14.50%. The net profit attributable to shareholders was 2.2695 million yuan, a decrease of 2.2392 million yuan compared to the same reporting period last year, representing a year-on-year decline of 49.66%. In the second quarter, the company's operating revenue was 132 million yuan, an increase of 8.0% year-on-year; the net profit attributable to shareholders was 4.99 million yuan, an increase of 154.1% year-on-year.
 
According to the announcement, Jinming Machinery's performance in the first half of the year showed a slight decrease in revenue and a modest increase in profit, with uneven development across various business segments. For instance, the film blowing machine business achieved a growth of 3.95%, and the film and bag products business grew by 17.61%. In contrast, other equipment businesses saw a significant decline of 36.38%.
 
This reflects intense market competition. Although Jinming Precision Machinery has achieved revenue growth in some products, certain business segments are still impacted, making it difficult to offset the losses caused by the decline in other areas. Industry experts suggest that in the future, the company needs to take effective measures to enhance the profitability of its main business, optimize cash flow management, and strengthen the management of accounts receivable and inventory in order to cope with market challenges and achieve sustainable development.

 
Jinming Precision Machinery's main business includes the research and development, design, production, and sales of specialized plastic machinery equipment such as film blowing machines and hollow molding machines. To address market challenges, since 2025, the company has been actively taking measures in technological innovation and market expansion of intelligent equipment and film products, achieving considerable results.

In the plastic machinery business, the company has successfully developed various new types of film equipment, including high-barrier film production lines, breaking the dependence on imports and demonstrating strong market competitiveness. At the same time, the subsidiary has also achieved positive market feedback in the field of high-barrier functional flexible packaging films.
 
Under intense market competition, continuous investment in research and development helps to launch new products. In the future, driven by the continuous promotion of new products and favorable factors such as the increased volume of high-end films, Jinming Precision Machinery's performance is expected to show a growth trend. Among them, benefiting from the demand for lithium battery separators and food and pharmaceutical packaging, the film business is likely to sustain double-digit growth.