On April 9th, Shanghai Ailu Package Co., Ltd. (referred to as “Shanghai Ailu”) released its annual report for 2023. According to the report, the company achieved operating revenue of 1.067 billion yuan, a year-on-year decrease of 4.95%; the net profit attributable to shareholders of the listed company was 75.2794 million yuan, a year-on-year decrease of 27.85%; the gross profit margin of the company’s main business in 2023 was 23.59%, an increase of 0.08% year-on-year.
In its financial report, Shanghai Ailu stated that the decline in its business performance in 2023 was mainly attributed to factors such as macroeconomic fluctuations, adverse impacts from downstream industries, product pricing adjustments, increased operating costs, and decreased market demand for some products. The company emphasized that failure to promptly reverse the aforementioned decline or the occurrence of other adverse events would pose risks to the company’s future business performance and gross profit margin.
Additionally, Shanghai Ailu simultaneously issued a notice regarding further capital injection into its wholly-owned subsidiary. The notice stated that based on financial calculations for future projects related to “industrial paper packaging, composite plastic packaging, and new materials” at Aichuang Packaging, Shanghai Ailu plans to continue increasing its investment in Aichuang Packaging by 120 million yuan using its funds. Upon completion of this capital injection, Aichuang Packaging’s registered capital will increase from 300 million yuan to 420 million yuan, with the company retaining 100% ownership.
Public records indicate that Shanghai Ailu was established in 2006 and primarily engages in research, design, production, sales, and services related to industrial paper packaging, plastic packaging, and intelligent packaging systems. It is a leading domestic industrial paper packaging company, serving clients such as DSM-Firmenich, Dow, and BASF.
