Recently, Shenzhen YUTO Packaging Technology Co., Ltd. (hereinafter referred to as “YUTO Tech”) released its Financial Report of First Quarter 2017. YUTO Tech’s revenue reaches RMB 1.39 billion, year-on-year growth is 38.06%; net profit for shareholders is 162 million yuan, year-on-year growth is 29.53%. 

Despite the difficult market environment, rising prices of raw material paper, YUTO Tech revenue and profit still maintained a sharp growth. It was mainly because of the increase of consumer electronic/health/wine and tobacco products. The constant innovation on strategy and operation level, on management and service aspects, also helped. When the industry generally fell into the price war, YUTO Tech actively followed the trends of consumption upgrade and industry development, positioned itself as a total packaging solution supplier for high-end products, kept investing on cutting-edge technology R&D, seized the development opportunity of smart packaging, eco-friendly packaging, internet packaging, occupied the high-end brand market. 

Continuous active development in 2017 is expected 
We continue to conduct a series of management changes in 2017, set up consumer electronics and health BG etc, active development is anticipated this year, both in business and in profit. Meanwhile, YUTO Tech is promoting "Internet +". Wholly owned subsidiary Yunchuang Technology has been in on-line operation, providing packaging solutions for small and medium-sized companies and E-customers through personalized services. The problem of low concentration, low operating efficiency, high production cost in printing industry can be solved to some extent on cloud platform. 

YUTO Tech will focus on the development of smart packaging, environmental protection, digitalization, automation, information and Intelligent manufacturing in 2017. At the same time, the company has accumulated many years of innovative R&D result, rapid expansion into the field of information and culture can be achieved. On the one hand we provide customers with creative design and innovative solutions, manufacturing and supply solutions, multi-area operation and service solutions; on the other hand we focus on technological innovation strategy, invest on R&D to achieve leading technology and independent intellectual property rights. 

YUTO Tech will continue to attract all kinds of high level talents, actively develop various scientific research innovation platform, promote cooperation between industry, university and research, accelerate the industrialization of scientific and technological achievements, thus train the team in practice, cultivating excellent innovative talents, so as to ensure the sustainable development of the company.