Breaking Down Sunrise Group Company Limited Financial Health: Key Insights for Investors

Founded in 1992 and rebranded in December 2019, Sunrise Group Company Limited (002752.SZ) has grown into a vertically integrated manufacturer of food and beverage packaging-producing three-piece and two-piece cans, aluminum bottles and other metal packaging-while offering beverage filling, packaging design and logistics services; in 2024 the company reported revenue of CNY 7.13 billion (up 0.50% year-over-year) and net income of CNY 423.30 million (up 27.10%), employed 3,807 staff as of December 2024 (a 1.68% decline), and as of December 17, 2025 reached a market capitalization of CNY 6.5 billion (a 17.49% increase over the past year); publicly listed on the Shenzhen Stock Exchange with 976.92 million shares outstanding (up 0.82%), with institutional investors holding about 6.35% and Shengxing Holdings Co., Ltd. as the largest shareholder, Sunrise expanded internationally in August 2024 by investing approximately RMB 48.092 million to form PT. Sunrise-Masami Internasional in Indonesia (registered capital IDR 87.6 billion, Sunrise (Hong Kong) Limited 51%, local partners 24.5% each), underscoring its focus on R&D, quality control, sustainability and a business model that monetizes product sales and ancillary services across domestic and Southeast Asian markets

Sunrise Group Company Limited (002752.SZ): Intro

• Founded in 1992 as Shengxing Group Co., Ltd.; rebranded to Sunrise Group Company Limited in December 2019.
• Primary focus: R&D, design, production and sales of food & beverage metal packaging - three-piece cans, two-piece cans, aluminum bottles and related metal packaging products.
• International expansion: August 2024 joint venture in Indonesia - PT. Sunrise-Masami Internasional - total investment ≈ RMB 48.092 million to strengthen Southeast Asia competitiveness.

• Publicly traded on Shenzhen Stock Exchange (002752.SZ); ownership mix typically includes institutional investors, strategic shareholders and retail holders (registry data varies by reporting period).
• Governance structure follows PRC listed-company requirements: board of directors, supervisory board and executive management responsible for operations, R&D and overseas expansion execution.

• Core mission: supply durable, food‑safe metal packaging solutions while broadening geographic footprint and product innovation.
• Strategic pillars: product quality & safety, cost-efficient manufacturing, customer diversification (food, beverage, canned goods) and regional expansion (Southeast Asia JV example).
• Reference to formal corporate guidance: Mission Statement, Vision, & Core Values (2026) of Sunrise Group Company Limited.

• R&D & design: development of metal container forms, coatings and closure systems tailored to client specifications.
• Procurement: sourcing of steel/aluminum, coatings and ancillary materials; cost and quality control are central to margin management.
• Manufacturing: high-volume stamping, drawing, forming and can assembly lines for two‑piece and three‑piece containers and aluminum bottles.
• Sales & distribution: direct sales to FMCG manufacturers, beverage companies and food packers; export channels enhanced by overseas JV presence.
• After‑sales & quality assurance: food‑safety certifications, batch traceability and client technical support to maintain long-term contracts.

• 2024 revenue: CNY 7.13 billion (+0.50% vs 2023).
• 2024 net income: CNY 423.30 million (+27.10% vs 2023) - indicative of margin improvement or one‑off adjustments.
• Market cap (Dec 17, 2025): CNY 6.5 billion (+17.49% YoY) - market valuation reflecting operational performance and growth prospects.

Sunrise Group Company Limited (002752.SZ): History

• Listing: Shenzhen Stock Exchange - ticker 002752.SZ
• Shares outstanding: 976.92 million (up 0.82% over the past year)
• Institutional ownership: ~6.35%
• Largest shareholder: Shengxing Holdings Co., Ltd. (majority stakeholder position)

• Mission: Build sustainable, regionally integrated businesses with disciplined capital allocation and targeted international partnerships.
• Strategy: Combine domestic operations scale with minority/majority joint ventures abroad to access local markets and share operational risk.

• Core operations generate revenue through product/service sales in its primary business segments (operational mix depends on segment exposure and geographic footprint).
• Capital structure and equity stakes: public float supplemented by strategic shareholders (e.g., Shengxing Holdings) that provide stability and access to group resources.
• International expansion: the PT. Sunrise-Masami Internasional JV (IDR 87.6bn registered capital; Sunrise (Hong Kong) Ltd 51%) creates local revenue streams and potential margin expansion in Southeast Asia.
• Cash flow and returns: earnings driven by operational margins in domestic segments, incremental revenue from joint ventures, and asset-light expansions to limit capital intensity.

Sunrise Group Company Limited (002752.SZ): Ownership Structure

• Mission and Values

• Committed to providing high-quality food and beverage packaging solutions, emphasizing innovation and customer satisfaction.
• Values sustainability and environmental responsibility, integrating eco-friendly materials and processes across production lines.
• Operates with integrity and transparency to foster trust with customers, suppliers and investors.
• Prioritizes employee well-being and development through structured training programs and clear career progression paths.
• Invests in technological advancement and R&D to remain at the forefront of the packaging industry.
• Maintains a strong corporate governance framework to ensure ethical decision-making and accountability.

• How It Works & Makes Money

• Primary revenue drivers: production and sale of molded fiber, paper-based and plastic food & beverage packaging, plus customization and design services for large food chains and beverage producers.
• Vertical integration: in-house raw-material processing, production lines and value-added finishing reduce cost and improve margin capture.
• Service offerings: OEM/ODM contracts, seasonal packaging projects, and sustainability certification services (compostable/biodegradable labeling).
• Margin levers: scale production, product mix (higher-margin custom solutions), energy-efficiency gains and recyclable-material premiums.

• Ownership breakdown (approximate)

• Corporate governance & stakeholder priorities

• Board composition emphasizes industry expertise and independent oversight; audit and remuneration committees follow market practices.
• Sustainability targets include reductions in production energy intensity and increased use of recycled fibers; reporting aligned with domestic disclosure norms and improving ESG transparency.
• Employee programs: annual upskilling budget, safety certifications and performance-linked incentive schemes to retain technical talent.

Sunrise Group Company Limited (002752.SZ): Mission and Values

• Vertical integration: in-house R&D, tooling and die-making, stamping, coating, printing, assembly and logistics.
• Product range: three-piece cans, two-piece (draw-and-iron) cans, aluminum bottles, aerosol cans and other metal packaging formats.
• Service offerings: beverage filling (contract filling), custom packaging design, surface treatments, printing services and end-to-end logistics coordination.
• International footprint: subsidiary PT. Sunrise-Masami Internasional in Indonesia to serve Southeast Asian beverage and food manufacturers.
• Quality & efficiency: ISO 9001/ISO 14001/ISO 45001-aligned processes (implemented across major plants) with automated production lines to reduce defects and improve throughput.

• Product sales: majority of revenue from sale of metal packaging (cans, bottles and specialty packaging) to beverage, food and aerosol customers.
• Contract services: beverage filling and co-packing services billed on per-unit/volume basis.
• Value-added services: premium printing, surface treatments (e.g., anodizing, lacquering), and bespoke packaging design with margin premium.
• Export & regional sales: growth from Southeast Asia via PT. Sunrise-Masami Internasional increases export share, contributing to top-line diversification.

• R&D focus areas: lightweighting alloys, barrier coatings, high-speed forming processes, and eco-friendly inks/linings to meet food-safety and sustainability standards.
• Process control: inline inspection systems for dimensional tolerances, coating thickness and print registration; SPC (statistical process control) to minimize variance.
• Sustainability measures: increased use of recyclable aluminum, initiatives to reduce energy intensity per unit produced and waste recovery programs.
• Customer integration: collaborative development with major beverage customers to optimize can geometry, weight reduction and graphics for brand differentiation.

• Indonesia subsidiary role: local manufacturing/logistics hub, serving ASEAN beverage and food brands and reducing tariff/logistics friction.
• Target sectors: carbonated & non-carbonated beverages, ready-to-drink tea/coffee, beer, canned food, aerosol and personal care packaging.
• Competitive moat: integrated production chain, regional manufacturing presence, and R&D-led product differentiation enabling higher-margin specialty work.

Sunrise Group Company Limited (002752.SZ): How It Works

• Core product sales: beverage cans, food cans, aluminum bottles sold to beverage, food and consumer goods companies.
• Value-added services: beverage filling, packaging design, decoration/printing, and logistics support for end-to-end supply.
• Vertical integration: in-house stamping, coating, printing and filling capabilities to reduce costs and improve quality control.
• International expansion: strategic investments and subsidiaries to access regional demand and diversify revenue.

• Cost control via vertical integration - owning stamping, coating and printing reduces outsourced spend and shortens lead times.
• Scale advantage - high-capacity production lines lower unit costs for commodity packaging products.
• Differentiated services - filling, design and logistics create recurring, higher-margin revenue beyond commodity sales.
• Targeted international moves - example: in August 2024 Sunrise Group invested approximately RMB 48.092 million in a joint venture in Indonesia to tap Southeast Asian demand and diversify income sources.
• Quality and innovation focus - ongoing R&D and upgraded surface treatments to meet premium brand requirements and regulatory standards.

Sunrise Group Company Limited (002752.SZ): How It Makes Money

• Product sales: corrugated packaging, folding cartons, specialty substrates.
• Value-added services: premium printing, lamination, coating, and design engineering.
• Logistics and supply-chain services: just-in-time delivery, warehousing, packaging-as-a-service.
• International joint ventures and partnerships: revenue share and local manufacturing margins (Indonesia JV).
• R&D and sustainability solutions: eco-friendly materials and premium recycled-paper lines with higher margins.

• Market position & growth catalysts: strong 2024 financials (CNY 7.13bn revenue; CNY 423.3m net income) and CNY 6.5bn market cap (12/17/2025) support continued investment in capacity and technology.
• Strategic initiatives: international expansion (Indonesia JV), service diversification (end-to-end packaging solutions), and increased R&D in sustainable materials to capture premium segments.
• Future outlook: Southeast Asia expansion and sustainability-focused product lines are expected to lift margins and volume growth, supporting long-term profitability.