Packaging / Advertising & Office

Following Hexing Packaging and Yutong Technology, the third tens of billions revenue enterprise in the packaging and printing industry was born! On April 19, Origen Technology Co., Ltd. announced its 2020 annual report: realized revenue of 10.561 billion yuan, a year-on-year increase of 12.72%; realized a net profit of 707 million yuan, a year-on-year increase of 3.54%.

Origen's annual revenue exceeds 10 billion yuan

Different from Hexing Packaging and Yutong Technology, which are mainly engaged in paper packaging, Origen is a metal packaging company that mainly produces two-piece cans, three-piece cans and other products, serving Red Bull, Dongpeng Special Drinks, Budweiser Beer, Tsingtao Beer , Yanjing Beer, Snow Beer, Jiaduobao, Coca-Cola, Pepsi, Want Want, Tiandi No. 1 and other fast-moving consumer goods brands.

The financial report shows that of the 10.561 billion yuan revenue of Origen in 2020, the metal packaging products and services business revenue was 9.352 billion yuan, an increase of 13.58% year-on-year, accounting for 88.55% of the total revenue; the filling service business income was 164 million yuan, A year-on-year increase of 9.23%; other income was 1.045 billion yuan, a year-on-year increase of 6.09%.

Promote performance growth in many ways

O.R.G. said that the company's performance growth was mainly due to the fact that most of its core customers recovered well after the epidemic, the company's effective integration of the acquired Boll Asia Pacific China business, and the stability of product profitability. details as follows:

1. Adhere to the product differentiation strategy

With the market's demand for innovative products, O.R.G. has developed and designed new tank types that meet customer requirements and achieved year-on-year growth. Under the R&D orientation of "meeting demand and creating demand", the company continuously strengthens the development and application of new packaging products and differentiated packaging products to provide customers with more design solutions and ideas.

The company’s new product oil cans won the “Three-piece Food Can Bronze Award” at the Global Canning Enterprise Summit, and the digital embossed cans won the “Decoration & Printing Quality Silver Award”. At the same time, the “Digital Embossed Hot Stamping Technology” won the 16th in 2020. Won the Innovation Award at the Annual Packaging and Printing Conference.

2. Develop milk powder tank business

In recent years, the share of domestic milk powder has continued to grow. Origen's milk powder cans business has developed well. It has established stable cooperative relationships with major domestic milk powder brand customers and provided close integrated services. At the same time, we will continue to expand new cooperative customers and regard the milk powder can business as a new business growth point.

3. Optimize costs and increase productivity

In 2020, the price of raw materials continues to rise. Origen saves the purchase cost of main materials tinplate and aluminum by arranging timely adjustments to the procurement plan and negotiation and negotiation. Since the company started lean production in 2015, the average production efficiency of the implemented project factories has increased by more than 50%, and at the same time, the labor cost has also been effectively reduced.

4. The progress of the integrated packaging business is fruitful

Origen two-piece cans Hubei Xianning factory has deepened cooperation with Yuanqi Forest, Yili, Dongpeng, New Hope Dairy, etc., to develop new products and provide customers with integrated packaging and filling solutions.

5. Continue to promote the integration of the Boll project

During the reporting period, Origen optimized the layout of the factory's cover line and completed the planning of relocating the production capacity of Boll's Beijing factory to the Shaanxi Baoji factory.