Jiyuan Packaging Holdings Ltd. (8488) AI Stock Analysis

Jiyuan Packaging Holdings Ltd.

(TWSE:8488)

Select Model

Rating:39Underperform

Price Target:TWD 8.50▲(2.78% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is driven primarily by weak profitability, widening losses, rising leverage, and deteriorating cash flow. Bearish technical trends and the negative P/E ratio further limit the outlook, while oversold momentum provides only modest support.

Positive Factors

Positive cash generationPositive operating and free cash flow in each of the last three reported years provides a liquidity source despite accounting losses. This can help fund ongoing operations and reduce reliance on external financing, although the benefit is tempered by the sharp decline in free cash flow during 2025.

Negative Factors

Sustained losses and weak marginsThe shift from profitability in 2020–2021 to sustained losses through 2025 signals a material deterioration in earnings power. A deeper 2025 net loss margin and negative operating margin reduce internal funding capacity and make a durable recovery dependent on restoring operating profitability.

Jiyuan Packaging Holdings Ltd. (8488) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 599.02M
Dividend Yield: ―
Average Volume (3M): 69.91K
Price to Earnings (P/E): -14.8
Beta (1Y): 0.39
Revenue Growth: 28.79%
EPS Growth: 51.37%
Country: TW
Employees: 538
Sector: General
Sector Strength: 55
Industry: Packaging & Containers

Jiyuan Packaging Holdings Ltd. Business Overview & Revenue Model

Company Description

Jiyuan Packaging Holdings Limited operates as an investment holding company primarily engaged in the manufacturing and distribution of three-piece tin and two-piece aluminum cans throughout China. Its tinplate cans are specifically designed for packa...

Jiyuan Packaging Holdings Ltd. Financial Statement Overview

Summary

Weak financial performance: revenue and margins are declining, net losses have widened, and cash generation has deteriorated. Positive equity and debt-to-equity below 1.0 provide limited balance-sheet support, but leverage has increased materially.

Income Statement

18Very Negative

Balance Sheet

57Neutral

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.84B	3.08B	3.32B	3.83B	3.93B	4.05B
Gross Profit	191.65M	110.76M	163.67M	234.60M	156.37M	281.44M
EBITDA	162.10M	64.41M	260.19M	208.67M	192.89M	316.65M
Net Income	-27.79M	-150.73M	-28.60M	-118.05M	-68.35M	50.33M
Balance Sheet
Total Assets	5.56B	5.16B	5.50B	5.30B	5.78B	6.18B
Cash, Cash Equivalents and Short-Term Investments	1.11B	1.12B	1.16B	954.46M	778.65M	1.00B
Total Debt	2.39B	2.13B	2.33B	942.16M	1.24B	2.85B
Total Liabilities	3.10B	2.79B	2.95B	2.94B	3.29B	3.63B
Stockholders Equity	2.46B	2.35B	2.55B	2.36B	2.49B	2.54B
Cash Flow
Free Cash Flow	-35.37M	74.94M	112.76M	556.11M	-130.15M	253.72M
Operating Cash Flow	-1.64M	96.41M	168.12M	712.82M	28.96M	512.85M
Investing Cash Flow	-141.77M	-136.03M	122.76M	-218.75M	-69.02M	-533.99M
Financing Cash Flow	406.31M	-190.31M	-64.26M	-183.17M	-172.76M	53.84M

Jiyuan Packaging Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8488 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4702	48Neutral	TWD 676.32M	3.56	―	5.36%	-30.82%	387.63%
TW:8921	46Neutral	TWD 766.44M	-34.85	―	1.66%	1.69%	-114.61%
TW:1324	43Neutral	TWD 709.90M	-21.55	―	2.12%	-12.03%	25.26%
TW:8929	39Underperform	TWD 629.73M	34.38	―	―	-3.17%	36.93%
TW:8488	39Underperform	TWD 606.38M	-14.77	―	―	28.79%	51.37%

* General Sector Average

Performance Comparison

TW:8488 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8488	Jiyuan Packaging Holdings Ltd.	8.27	-1.93	-18.92%
TW:1324	Globe Industries Corp. Ltd.	9.27	-1.48	-13.77%
TW:2940	Sun Own Industrial Co., Ltd.	23.95	-0.24	-1.00%
TW:4702	Allied Industrial Corp., Ltd.	9.32	-0.48	-4.87%
TW:8921	Shen's Art Printing Co., Ltd.	16.00	-0.95	-5.60%
TW:8929	Fu Burg Industrial Co., Ltd.	12.45	-4.15	-25.00%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Jiyuan Packaging Holdings Ltd. AI Stock Analysis