002303MYSSZSE

MYS Group Co., Ltd.

美盈森

002303

Shenzhen Stock Exchange

BoardMain Board of Shenzhen Stock Exchange
IndustryPapermaking and Paper Products
ISINCNE100000H85
ListedNovember 3, 2009
Websitewww.szmys.com
IR Emailmys.stock@szmys.com
Phone(+86)755-29751877
AddressTower A, MYS Factory Area, Guangming Xinbeitou Village, Bao'an District, Shenzhen, Guangdong

Company Profile

1.Continued Innovation in Technology Research and Development:The company has established dedicated research and development centers in locations such as Shenzhen, Dongguan, Suzhou, Chongqing, Taiwan, and the United States. These centers bring together experienced experts in the packaging field to lead research and development teams. The company has also established long-term technical cooperation relationships with universities. As of the end of the reporting period, the company and its subsidiaries collectively hold 815 national patents, including 158 invention patents. The company is a primary drafter or participant in the drafting of 45 national/industry packaging standards, ranking among the top in terms of patents and standards. 2.Group-Level, Multi-Regional, and International Service Advantage:High-quality orders for paper packaging are mainly concentrated in leading group-level enterprises. The economic service radius of the paper packaging industry enterprises is generally within 300 kilometers. Therefore, establishing comprehensive and in-depth cooperative relationships with group-level major clients requires a high capability for paper packaging enterprises to follow these clients in realizing a multi-regional production capacity layout. With a focus on regions where downstream customers are concentrated, the company has a total of 50 subsidiaries worldwide, including 37 domestic subsidiaries distributed in economically active areas such as the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta Economic Zone, the Chengdu-Chongqing Economic Zone, and the Changsha-Zhuzhou-Xiangtan Economic Zone. The company also has 13 overseas subsidiaries mainly located along the Belt and Road Initiative in Southeast Asia and South Asia. The company has largely completed its strategic layout in active domestic economic regions. Furthermore, in recent years, the company has accelerated its production capacity layout in Southeast Asia and Mexico in response to customer order demands. This has formed a group-level, multi-regional, and international service advantage, showcasing the company's robust supporting capabilities and laying a solid foundation for securing high-quality customer resources. 3.Advantage of Well-Known Brand Customer Resources:Customer value determines supplier value. Unlike enterprises that face end-user retail customers, the brand and competitiveness of upstream suppliers depend more on the brand recognition and market position of their enterprise customers. Possessing a group of high-quality customers is one of the most important advantages for a supplier. The company's customers span various industries such as consumer electronics, food and beverages, liquor, health products, furniture and home furnishings, household appliances, e-commerce logistics, express delivery services, the automobile and new energy vehicle industry chain, medical supplies, photovoltaic new energy, and more. The reputations of these industry customers are positive, they possess strong financial strength, have strong risk resistance, exhibit good self-development, and operate steadily or experience rapid growth. Their continuous and stable demand for packaging products supports the company's advantage, while also indicating significant demand for other supporting products. The company's advantage in brand customer resources ensures a continuous influx of new clients and contributes to the company's increasing sales volume. On one hand, the company can leverage the influence of brand customers across various industries to expand and strengthen its own brand advantage, attracting more high-quality customers. With competitive strengths in R&D, quality, and service, as well as a positive reputation, the company is continuously obtaining the supply qualifications of world-renowned clients and industry-leading enterprises, thereby enhancing its customer resource advantage. On the other hand, high-end brand customers have strict supplier qualification audits, a longer audit cycle, and are unlikely to change suppliers easily after onboarding. This provides assurance for profit margins and lays a solid foundation for the company's sustained profit growth. 4.Advantage of Advanced Manufacturing Facilities and Building a Renowned Brand:In the face of complex and ever-changing external environments, the company firmly believes that those who master technological innovation and intelligent manufacturing will seize the initiative in future competition. The company's high-end manufacturing facilities have introduced globally leading equipment. Coupled with the company's years of research, development, and production technology and experience accumulation in the paper packaging field, it can provide customers with high-quality, high-efficiency, and cost-effective "three high" packaging services. Over the years, the company has received honors such as "Top 100 Small and Medium-sized Enterprises with Independent Innovation," "National Intellectual Property Advantage Enterprise," "Leading Enterprise in Industry Independent Innovation," "Top 100 Private Enterprises in Guangdong Province," "Shenzhen Mayor's Quality Award," "Dongguan Municipal Government Quality Award," and "China Environmental Protection Product Quality Trustworthy Key Brand," and has also received outstanding supplier awards from several world-class clients. A strong brand effect and positive market reputation contribute to the continuous expansion of the company's business scale. 5.Advanced Management Advantage:The company has established a refined management system based on optimizing financial performance and pursuing improved customer service levels. This system covers order management, product quality management, design management, production management, procurement management, cost and expense control, information management, process management, and optimization. Through a refined management system covering marketing, procurement, research and development, production, warehousing, logistics, and more, the company lays a solid foundation for strong profitability, effective cost and expense control, and high output per capita. At the same time, by introducing external talent and drawing from leading management experience within the industry, combined with the company's own circumstances, the company continuously improves its management level. As of now, the company has established over a dozen management systems, including GBT 29490 Enterprise Intellectual Property Management System, FSC-CoC Management System, G7 and GMI Standardized Printing Management System, and has obtained CSR Social Responsibility Management Certification from several clients. The quantity of certification systems ranks at the forefront of the industry, reflecting the company's leading management level. 6.Advantage of "Value Added and Shared" Integrated Service Model:The company is market-driven and customer-oriented, and it has taken the lead in adopting an "integrated packaging" service model within the industry. As an integrated packaging service provider, the company serves as a manufacturer, design service provider, procurement service provider, and logistics service provider. It offers packaging products and services to customers by reducing costs, improving efficiency, and increasing value. The company's integrated packaging service model enhances customer product branding, improves customer supply chain management efficiency, and reduces comprehensive procurement costs for customers. This ability to increase customer value has earned the company acclaim from numerous customers.

Full description

MYS(short for MYS Group Co., Ltd.) was founded in May 2000 and listed on the SZSE MainBoard in November 2009 (stock code: 002303). The company holds a leading position in the Chinese packaging industry. The company primarily engages in the research, development, production, and sales of transportation packaging products, boutique packaging products, label products, and electronic functional material die-cutting products. It also offers comprehensive packaging integration services, including creative design, structural design, packaging optimization, third-party procurement of packaging materials, packaging product logistics distribution, supplier inventory management, and on-site auxiliary packaging operations for customers. The main products of MYS include light packaging products, heavy packaging products, label products, and electronic functional material die-cutting products. Light packaging products encompass lightweight corrugated packaging products and boutique packaging products. Heavy packaging products include heavy-duty corrugated packaging products and heavy-duty composite packaging products. The electronic functional material die-cutting products are designed for high-end consumer electronics clients and consist of cushioning pads, shock-absorbing foam, adhesive tapes, protective films, dustproof mesh fabrics, conductive insulation films, and other electronic functional material die-cutting products. MYS's major customers cover industries such as consumer electronics, food and beverages, liquor, health products, furniture and home furnishings, household appliances, e-commerce logistics, express delivery services, the automobile and new energy vehicle industry chain, medical supplies, photovoltaic new energy, and other advantageous sectors. The company's clientele includes Fortune Global 500 enterprises and leading companies in various domestic and international sectors. Since its establishment, MYS has consistently emphasized technological innovation, continuously improved customer service capabilities, and increased product added value. The company has established dedicated research and development centers in Shenzhen, Dongguan, Suzhou, Chongqing, Taiwan, and the United States. These centers house research and development teams led by experienced packaging experts and have established long-term technical cooperation relationships with universities. As of the end of the reporting period, the company and its subsidiaries collectively hold 815 national patents, including 158 invention patents, 642 utility model patents, and 15 design patents. The company has also been a primary drafter or participant in the drafting of 42 national/industry packaging standards, ranking at the forefront in terms of the number of patents and standards. Additionally, packaging products independently designed by the company have received the iF Design Award multiple times. Dongguan Meixinlong has been recognized as a "National Specialized and New 'Little Giant' Enterprise," while Dongguan Meizhilan has been recognized as a "2022 Innovative Small and Medium-sized Enterprise in Guangdong Province." After more than 20 years of relentless efforts, MYS has a total of 50 subsidiaries worldwide, including 37 domestic subsidiaries distributed in economically active areas such as the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta Economic Zone, the Chengdu-Chongqing Economic Zone, and the Changsha-Zhuzhou-Xiangtan Economic Zone. The company also has 13 overseas subsidiaries mainly located along the Belt and Road Initiative in Southeast Asia and South Asia. The company has largely completed its strategic layout in active domestic economic regions. Furthermore, in recent years, the company has accelerated its production capacity layout in Southeast Asia and Mexico in response to customer order demands. This has formed a group-level, multi-regional, and international service advantage, showcasing the company's robust supporting capabilities and laying a solid foundation for securing high-quality customer resources.

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