Jiamei Food Packaging Co., Ltd. (002969) – Trading Review and Market Context

Jiamei Food Packaging Co., Ltd., listed on the Shenzhen Stock Exchange under the ticker 002969, is a materials‑sector company headquartered in Chuzhou, China. The firm specializes in the production and distribution of food and beverage cans, tinplate containers, and other metal packaging products. It also offers printing services. As of 12 February 2026, the company’s share price closed at 30.05 CNY. Over the past year the shares have experienced extreme volatility, with a 52‑week high of 33.54 CNY and a 52‑week low of 2.80 CNY. The market capitalization stands at 32.56 billion CNY and the price‑to‑earnings ratio is 149.47.

Recent Regulatory Action

Between 9 February and 13 February 2026 the Shenzhen Stock Exchange identified 163 cases of abnormal trading that included manipulation such as price inflation, price suppression, and false reporting. Six listed companies, including Jiamei Food Packaging, were subject to investigations. The exchange reported that several investors in Jiamei’s shares engaged in trading that disrupted normal market order. Consequently, the exchange imposed self‑disciplinary regulatory measures and suspended trading of those investors.

On 13 February 2026 Jiamei’s share price fell to the daily limit down, trading at 30.05 CNY. The company’s market value at that moment was 32.947 billion CNY. Earlier, the company had announced that its fundamental business had not changed, but the stock price had deviated sharply from intrinsic value, leading to a risk warning. The company disclosed a cumulative price increase of 632.24 % from 17 December 2025 to 12 February 2026, during which the price repeatedly hit abnormal volatility thresholds. The company has previously suspended trading on 7 January 2026 and 26 January 2026 for investigations, and resumed trading on 12 January and 2 February 2026 after regulatory reviews. The company cautions that further abnormal price movements could trigger additional suspensions.

Market‑Wide Context

During the “snake year” (2025‑2026), the A‑share market exhibited a robust bull run. Major indices posted significant gains:

  • Shanghai Composite: +25.58 %
  • Shenzhen Component: +38.84 %
  • ChiNext (Growth Enterprise): +58.73 %

Small‑cap indices also performed strongly, with the CSI 2000 up 50.39 %. Sector performance varied: metals, defense‑industrial, and several technology and manufacturing sub‑sectors saw double‑digit gains, while banking lagged.

Within this environment, Jiamei Food Packaging was highlighted among the top ten “bull stocks” of the year, alongside companies such as Shangwei New Material, Tianpu Shares, and Fiewo Technology. The company’s cumulative return for the snake‑year period is reported to exceed 500 %.

Implications for Investors

  • Volatility Risk: The Shenzhen Stock Exchange’s regulatory action underscores heightened scrutiny of Jiamei’s trading activity. Investors should monitor for any future suspensions or investigations.
  • Valuation Disparity: The 632 % price surge contrasts sharply with the company’s fundamental metrics, suggesting a potential over‑valuation relative to earnings and market cap.
  • Sector Momentum: The packaging industry benefits from growing demand in food and beverage sectors, which may support long‑term upside. However, the company’s recent regulatory concerns could temper investor confidence.
  • Broader Market Conditions: The strong performance of the A‑share market and the inclusion of Jiamei in top‑performing lists may attract momentum investors, but the underlying volatility signals caution.

Conclusion

Jiamei Food Packaging Co., Ltd. has experienced extraordinary price appreciation and regulatory scrutiny in the past month. While the company remains a notable performer in the 2025‑2026 A‑share bull market, investors should remain vigilant regarding trading irregularities and valuation levels.