内容概况：铝塑膜是软包锂电池电芯封装的关键材料，单片电池组装后用铝塑膜密封形成电池，可以起 到保护电池内部电芯材料的作用。动力电池领域需求温和复苏、占比缓步提升，供给端国产替代进程加 快，有效匹配下游需求扩张，行业整体供需保持稳定平衡。2025年中国铝塑膜市场规模达63亿元，其中 动力电池领域4.74亿元，3C/储能等领域58.74亿元，较2024年同比实现显著增长。 相关上市企业：紫江企业 (600210)、福斯特 (603806)、明冠新材 (688560)、道明光学 (002632)、璞泰来 (603659) 关键词：铝塑膜销量 铝塑膜市场规模 铝塑膜企业 铝塑膜政策 铝塑膜产业链 一、铝塑膜产业概述 铝塑膜是软包锂电池电芯封装的关键材料，单片电池组装后用铝塑膜密封形成电池，可以起到保护电池 内部电芯材料的作用。铝塑膜由外阻层（ON层）、阻透层（AL层）、热封层（CPP层）通过胶黏剂复 合而成，外阻层由尼龙构成，位于最外侧，用来保护铝箔免于划伤，减少碰撞对电池带来的伤害。阻透 层由压铝箔构成，位于中间层，起到防止氧气、水分侵入的作用。热封层由流延聚丙烯膜组成，位于最 内侧，起封口粘接的作用。铝塑膜在阻隔 ...

Group 1 - The core viewpoint of the articles focuses on the recent financial performance and market dynamics of Zijiang Enterprise, highlighting both capital flow and fundamental performance without specific future events disclosed [1][2] Group 2 - As of February 9, 2026, Zijiang Enterprise's stock price closed at 7.62 yuan, with a daily increase of 0.79%. The main capital saw a net outflow of 8.31 million yuan, while retail and speculative funds recorded net inflows of 5.24 million yuan and 3.07 million yuan, respectively, with a total transaction volume of 150 million yuan and a turnover rate of 1.3% [1] - In the previous month, on January 6, 2026, the main capital had a net inflow for three consecutive days, with a net inflow of 13.94 million yuan and a stock price increase of 2.29% on that day [1] Group 3 - The company's Q3 2025 report indicated a revenue of 7.822 billion yuan, representing a year-on-year growth of 8.83%. The net profit attributable to shareholders was 966 million yuan, showing a significant year-on-year increase of 83.05%. The debt ratio stood at 48.25%, and the gross profit margin was 23.56% [1] Group 4 - Zijiang Group, a related party, won a residential land parcel in Minhang District on January 6, 2026, which is interpreted by the market as a potential opportunity for future business collaboration, although no specific integration plans have been announced [1] Group 5 - The company's price-to-earnings ratio (TTM) is 9.24 times, which is below the industry average. The dividend yield is 3.95%, and the price-to-book ratio is 1.73 times. As of September 30, 2025, the number of shareholders was 85,600, a decrease of 11.04% from the previous period [1]

Core Viewpoint - The company, Zijang Enterprise, is actively engaged in venture capital through its subsidiary, Shanghai Zijang Enterprise Venture Capital Co., Ltd, focusing on investments in various sectors [2] Group 1: Investment Activities - Zijang Venture Capital has invested in several companies, including AVIC Civil Aviation Electronics Co., Ltd [2] - The company is involved in multiple equity fund projects, such as Hefei Zixu Investment Partnership and Shanghai Huifu Internet Financial Information Service Venture Capital Center [2] - Other investments include Shanghai Zichen Investment Co., Ltd and Shanghai Zichen Equity Investment Center [2]

Core Viewpoint - The company has maintained a consistent cash dividend policy since its listing in 1999, with a total cash dividend of 5.508 billion yuan, averaging a cash dividend payout ratio of 62.51% of net profit attributable to shareholders [1] Group 1 - The company has completed cash dividends totaling 5.508 billion yuan since its IPO [1] - The average annual cash dividend payout ratio is 62.51% of net profit attributable to shareholders [1] - The company aims to provide stable and continuous cash dividends to investors while ensuring normal business operations [1] Group 2 - The company is committed to improving operational performance and profitability to deliver long-term returns to shareholders [1]

证券代码：600210 证券简称：紫江企业 公告编号：临 2026-001 上海紫江企业集团股份有限公司 关于为控股子公司提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | | 被担保人名称 | | 上海紫丹食品包装印刷有限公司 | | | --- | --- | --- | --- | --- | | 担保对象 | 本次担保金额 | 1,000.00 | 万元 | | | 一 | 实际为其提供的担保余额 | 10,000.00 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | | 担保对象 | 被担保人名称 | | 上海紫泉标签有限公司 | | | 二 | 本次担保金额 | 3,450.00 | 万元 | | | | 实际为其提供的担保余额 | 3,450.00 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：__ ...

Market Performance - The packaging and printing sector increased by 2.29% on January 23, with Kangxin New Materials leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Individual Stock Performance - Kangxin New Materials (600076) closed at 4.22, up 9.90%, with a trading volume of 926,000 shares and a transaction value of 381 million [1] - Jiamei Packaging (002969) closed at 23.17, up 8.52%, with a transaction value of 2.094 billion [1] - Shunhao Co., Ltd. (002565) closed at 16.48, up 5.98%, with a transaction value of 2.905 billion [1] - Other notable performers include Yinglian Co., Ltd. (002846) up 5.39% and Zhongrui Co., Ltd. (002374) up 5.16% [1] Capital Flow Analysis - The packaging and printing sector experienced a net outflow of 40.439 million from institutional investors and 83.3317 million from retail investors, while retail investors saw a net inflow of 124 million [2] - The capital flow for individual stocks shows that Kangxin New Materials had a net inflow of 10.9 million from institutional investors, but a net outflow from retail investors [3] - Other stocks like Zijiang Enterprise (600210) and Baosteel Packaging (601968) also showed mixed capital flows, with Zijiang having a net inflow of 56.8885 million from institutional investors [3]

Core Viewpoint - The company, Zijang Enterprises, has confirmed that its only real estate project is the Shanghai Jingyuan project, located in a prime area of the Shanghai Sheshan National Tourist Resort, characterized as a rare villa asset [2] Group 1: Project Development - The Shanghai Jingyuan project is being developed in four phases, with the first three phases already sold out [2] - The fourth phase, known as the Sheshan Ziyue Taoyuan project, commenced construction in May 2025 and plans to build 128 traditional Chinese-style courtyard houses [2] - Currently, the fourth phase is still under development and has not yet generated sales [2]

Core Viewpoint - The company aims to achieve future growth in its packaging business through various strategies, including consolidating its existing market, exploring new markets, innovating new products, and enhancing operational efficiency [2] Group 1: Market Expansion Strategies - The company plans to deepen its core customer relationships to capture incremental market share by strengthening ties with strategic clients and increasing penetration among existing customers [2] - The company intends to explore emerging markets and high-growth sectors while consolidating its advantages in beverage packaging, targeting industries such as dairy, snacks, condiments, personal care, and pharmaceuticals [2] - The company is committed to following trends in health consumption, convenience, and online shopping by developing packaging solutions for functional beverages and premium bottled water [2] Group 2: Innovation and Product Development - The company will continue to invest in research and development to achieve breakthroughs in lightweight, recyclable, and high-performance barrier materials [2] - The company aims to increase the sales proportion of high-value-added products and actively develop environmentally friendly packaging that is recyclable, easy to recycle, and made from recycled materials [2] Group 3: Operational Efficiency - The company plans to enhance operational efficiency and cost control through automation and intelligent transformation of production lines, as well as digital management of the supply chain [2] - The company will focus on optimizing procurement, production, and logistics to reduce costs and improve efficiency [2]

Core Viewpoint - The company has developed a diversified industrial layout centered around its packaging business, with commercial, real estate, and venture capital operations as supplementary segments [1] Group 1: Business Overview - The core business of the company is focused on packaging, primarily targeting the domestic market [1] - Main products include PET bottles and preforms, crown caps, plastic anti-theft caps, labels, aluminum-coated paper and cardboard, color paper packaging printing, films, and beverage OEM [1] Group 2: Market Presence - The company's direct export business to EU countries is currently very low, and the EU region is not listed as a significant sales area in the company's periodic reports [1] - The limited exposure to the EU market does not have a substantial impact on the overall operational performance of the company [1]

Core Insights - The year 2025 was marked by both opportunities and challenges for the company, showcasing significant achievements and developments across various sectors [1]. Group 1: Financial Performance - In the first half of 2025, the company reported total revenue of 5.248 billion yuan and a net profit attributable to shareholders of 469 million yuan, reflecting a year-on-year growth of 33.23% [19][57]. - The third-quarter report indicated a substantial net profit increase of 83% compared to the previous year [19][57]. Group 2: New Projects and Developments - The company inaugurated a new factory for its container packaging division in Zhengzhou on October 16, 2025, and launched its first wholly-owned overseas subsidiary, a packaging factory in Vietnam [11][49]. - Several regional enterprises, including those in Southwest food and beverage production and packaging, as well as packaging facilities in Shaanxi and Tianjin, commenced operations in 2025 [11][49]. Group 3: Educational Initiatives - The Saint Hua Zizhu Bilingual School held its opening ceremony at the new campus in the Lianxiang Lake private education park, introducing a new motto, school song, and emblem [14][52]. - The Saint Hua Zizhu Academy celebrated its graduation season with notable achievements, including the first recipient of a "million scholarship" in September [23][61]. Group 4: Corporate Social Responsibility - The Zijiang Public Welfare Foundation celebrated its 10th anniversary, donating 2 million yuan for earthquake relief efforts in Tibet and 1.1 million yuan for rebuilding after a fire in Hong Kong [24][62]. Group 5: Cultural and Strategic Developments - The company held a strategic planning meeting for corporate culture development, marking a significant step towards transitioning from traditional manufacturing to intelligent manufacturing [32][70]. - A cooperation agreement was signed between Shanghai Jiao Tong University and the Zizhu High-tech Park, facilitating collaboration in the commercialization of research outcomes [34][72].