bestcryptop2egames| Bai Xinglong: Net profit in the first quarter increased by 65.71% year-on-year

Securities Times News, on the evening of April 25, Bai Xinglong (833075Bestcryptop2egamesBJ) released a first-quarter report that the company achieved operating income of 139 million yuan during the reporting period, an increase of 36.79 percent over the same period last year.Bestcryptop2egamesThe net profit belonging to the owner of the parent company was 13.2297 million yuan, up 65.71% from the same period last year, and the basic earnings per share was 0.204 yuan, up 65.85% from the same period last year, achieving a "good start" in the first quarter.

Prior to this, Baixinglong's 2023 annual report showed that the company's operating income in 2023 was 538 million yuan, an increase of 10.29% over the same period last year, and its net profit was 46.527 million yuan, an increase of 19.15% over the same period last year. Under the background of global economic fluctuations and increasing market competition, Bai Xinglong has achieved all-round business growth through its excellent creative design ability and solid market development strategy.

In terms of innovation, Baixinglong added 14 new international design awards in 2023, including World Star, German Red Dot Award, PENTAWARDS, as well as 9 utility model patents and 12 appearance patents. These achievements mark the company's continued leadership in the field of creative design and technology research and development.

Thanks to Bai Xinglong's continuous optimization and innovation in product landing capacity and market development, the company's revenue from creative packaging products has also maintained a steady growth, with an increase of 10.40% year-on-year in 2023, especially in the field of cultural and creative products and inner packaging.

Bai Xinglong said that in 2024, the company will continue to implement its "creative leadership strategy", focusing on promoting creativity through technology, especially the use of artificial intelligence technology to assist the design process to optimize the efficiency and quality of product development. Through this strategy, the company plans to further enhance the market competitiveness and brand value of its products, while maintaining its commitment to environmental protection and sustainable development.

In terms of global territory, the company has made clear its plans to expand in the global market, especially to strengthen its market layout in North America, Europe and the Middle East, and actively develop business opportunities for "Belt and Road Initiative" to build a country together. Bai Xinglong will deepen the understanding of regional culture and market needs through localized market strategies and a global perspective, so as to design more attractive and competitive products.

While pursuing the expansion of the international market, Baixinglong will also strengthen the global layout of its supply chain by establishing production bases and logistics centers in key markets to improve the efficiency and response of the supply chain and reduce operating costs. and improve the quality and speed of customer service.

Technological innovation is the core of Baixinglong's development strategy in 2024. The company plans to continuously optimize its product line through four new and two technological innovations (new materials, new processes, new anti-counterfeiting, new structure and automation and intelligence). This can not only improve the safety and environmental protection of the product, but also improve the market attractiveness of the product through innovative packaging solutions.

In addition, the company will speed up the development and application of intelligent robots (300024) and automated packaging lines to improve production efficiency and reduce labor costs. The construction of intelligent production base will further improve product quality and production stability and ensure that it can meet the needs of the global market for high-quality creative packaging products.

Looking forward to 2024, with its comprehensive innovation strategy and global layout, as well as continuous technology investment and personnel training, Baxinglong is expected to maintain a leading position in the international creative design and packaging industry. The future development of the company will not only create sustainable value for shareholders, but also provide better products and services to customers around the world. The future of Bai Xinglong is full of opportunities and challenges, but it also indicates more brilliant achievements. (Wen Sui)

Proofreading: Wang Chaoquan