Analysis of the Reasons for Jia Mei Packaging (002969) Daily Limit and Its Subsequent Trend

Jia Mei Packaging (002969)'s recent daily limit and consecutive rise are mainly driven by the control change announcement disclosed on December 17, 2025 [1][2][3][4]. The former controlling shareholder, China Food Packaging Co., Ltd., intends to transfer control to Suzhou Zhuyue Hongzhi Technology Development Partnership, and the new actual controller will be Yu Hao, founder of Zuimi Technology (a leader in intelligent cleaning robots) [1][2][3][4]. The market expects Zuimi Technology to inject digitalization, intelligent manufacturing and new material technologies into Jia Mei Packaging to promote technological upgrading of the traditional packaging industry, thus triggering a consecutive daily limit trend [1][2][3][4].

From the analysis of price and trading volume, from December 17 to 29, the company’s stock price rose from $5.02 to $10.77, with a cumulative increase of 114.5% and 9 consecutive daily limits [0][5]. In terms of trading volume, the average daily volume is 3.6 million shares, and the volume on December 29 expanded to 8.36 million shares, indicating a significant increase in market participation [0][5].

1. Market Sentiment Drives the Trend
   : The consecutive daily limits are completely driven by speculative sentiment, and there has been no substantial improvement in the company’s fundamentals [1][2][3][4]. Jia Mei Packaging belongs to the packaging container industry, with its main business being metal packaging for food and beverages. After the control change, the new actual controller has clearly stated that it will not change the company’s main business within the next 12 months [3], so the short-term expectation of technological empowerment may fail.

2. Valuation Bubble Risk is Prominent
   : The current P/E ratio of 68.5x is far higher than the industry average of 37.95x. The company has issued multiple risk warnings, clearly stating that the stock price has seriously deviated from fundamentals [1][2][3][4]. At the same time, the convertible bond “Jia Mei Convertible Bond” rose by 134.34% in the same period, with a conversion premium rate of 41.06%, reflecting a strong cross-market speculative atmosphere [1][2].

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1. Valuation Bubble Risk
   : The stock price increase lacks fundamental support, and the valuation level is significantly higher than the industry average [0][4].
2. Suspension for Investigation Risk
   : The company has clearly stated that if the stock price continues to rise abnormally, it will apply for suspension for investigation, which may trigger a sell-off after suspension [1][2][3][4].
3. Short-term Expectation Failure Risk
   : The new actual controller has promised not to change the company’s main business within the next 12 months, so the market’s short-term expectation of technological empowerment may not be realized [3].

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In the long run, if the new actual controller can successfully combine Zuimi Technology’s technical advantages with Jia Mei Packaging’s business to promote the company’s digitalization and intelligent manufacturing upgrading, it is expected to enhance the company’s long-term competitiveness [1][2][3][4].

Jia Mei Packaging (002969)'s recent consecutive daily limit trend is driven by the control change event, dominated by market speculative sentiment. The current stock price has seriously deviated from fundamentals, with risks of valuation bubble and suspension for investigation. Investors need to pay attention to the company’s subsequent suspension announcements and the actual impact of the new actual controller on the company’s business, and rationally evaluate investment risks.

• Current Price: $10.77 (December 29, 2025 Daily Limit Price) [0]
• Cumulative Increase (Dec 17-29): 114.5% [0][5]
• P/E Ratio: 68.5x (far higher than industry average of 37.95x) [0][4]
• Short-term Support Level: $9.79 [0]
• Long-term Support Level: $5.02 [0]