Yunhong Green CTI Ltd (YHGJ)

A. Company Overview

Yunhong CTI Ltd is a consumer products company that operates in the United States and other countries. They develop, produce, distribute, and sell various consumer products, including novelty balloons, pouches, and films for commercial packaging applications. They also manufacture film products for commercial and industrial uses in the United States. With over 40 years of experience in developing flexible film products, Yunhong CTI has acquired significant technology and know-how in the industry.

B. Products

Yunhong CTI offers a range of products including:

• Foil Balloons: They have been designing, producing, and selling foil balloons since 1979. Their product offerings include several hundred designs in different shapes and sizes. Printed designs and messages are a key feature of their foil balloon products.
• Latex Balloons: Previously manufactured by their subsidiary in Mexico, they now source latex products from a foreign supplier and resell them to customers seeking both foil and latex solutions.
• Packaging Films and Custom Film Products: Yunhong CTI produces and sells films used for the packaging of various consumer and commercial products. They offer customized laminated films, printed films, and flexographic printing services to meet the specific packaging needs of their customers.
• Other Products: In addition to their balloon product lines, they assemble and sell Candy Blossoms, which are decorative arrangements of candy items with an air-inflated balloon.

C. Markets

Yunhong CTI sells their products in the United States, Canada, Mexico, and several other countries. Foil balloons are their largest market, with the United States being the primary market for these products. They sell foil balloons directly to retail outlets, distributors, and wholesalers. Latex balloons are sold as novelty and toy items for decorative purposes, floral designs, and as party goods and favors. They are primarily sold in retail outlets such as party goods stores, general merchandise stores, discount chains, and gift stores. Printed and specialty films are used by companies for packaging their products and are sold mainly to manufacturers in the United States.

D. Marketing, Sales, and Distribution

Yunhong CTI collaborates with its customers on designs, promotions, and other marketing and selling aspects. They sell their balloon products through various channels, including their sales staff and customer service personnel, distributors and wholesalers, independent sales representatives, and retail chains. Their balloon products are sold through a wide range of retail outlets, including grocery, general merchandise, and drug store chains, card and gift shops, party goods stores, florists, and balloon decorators. They engage in advertising and promotional activities, produce catalogs, flyers, and brochures, and maintain websites to showcase their products. Printed and laminated films are marketed and sold directly by Yunhong CTI and through independent sales representatives in the United States. Other products are sold by their internal sales force and independent sales representatives, primarily to retail outlets and intermediaries.

E. Employees

As of December 31, 2022, Yunhong CTI had 58 full-time employees in the United States, with roles ranging from executive and supervisory positions to sales, manufacturing, warehouse functions, and clerical roles. The company does not have any collective bargaining agreements with its employees and has not experienced any work stoppages.