Group 1 - The company received a notification from its controlling shareholder, Shanghai Yuanlong Investment Holding (Group) Co., Ltd., regarding the pledge and release of part of its shares [1] - The announcement includes details about the basic situation of the pledged shares, the release of the pledged shares, and the cumulative pledge situation of the shares held by Shanghai Yuanlong and its concerted parties [1] - The company states that the share pledges are unrelated to its operational needs and will not impact its production, governance, or performance obligations [1][1] Group 2 - Shanghai Yuanlong is reported to have a good credit status and the ability to fulfill its obligations, with no risks of forced liquidation or transfer of the pledged shares [1] - The company assures that there are no non-operational fund occupations or illegal guarantees that would harm its interests [1]

Core Viewpoint - The company, Aorijin Technology Co., Ltd., has disclosed recent share pledge and release activities by its controlling shareholder, Shanghai Yuanlong Investment Holdings Group Co., Ltd. [2][3] Summary by Sections Share Pledge Information - Shanghai Yuanlong has pledged a total of 28.13 million shares, accounting for 3.35% of its holdings and 1.10% of the company's total share capital [2] - The pledge was initiated on September 2, 2024, and is set to expire on September 2, 2025 [2] Share Release Information - The release of shares from pledge by Shanghai Yuanlong is also noted, with specific details on the number of shares and their respective percentages [2] - The company confirms that the release of shares does not impact its operations or governance [4] Cumulative Pledge Situation - As of the announcement date, Shanghai Yuanlong and its concerted actors have a total of 84,057.06 million shares pledged, which represents 32.84% of their holdings [3] - The total number of pledged shares is 35,166.11 million, which is 41.84% of the company's total share capital [3] Other Notes - The share pledges are unrelated to the company's operational needs and do not pose risks to its governance or performance [4] - Shanghai Yuanlong is reported to have a good credit status and the ability to fulfill its obligations, with no risks of forced liquidation or transfer of pledged shares [4]

Group 1 - On September 3, Aoyuan conducted a block trade of 1.3 million shares, with a transaction amount of 7.228 million yuan, accounting for 4.37% of the total transaction amount for the day [1][2] - The transaction price was 5.56 yuan, which remained stable compared to the market closing price of 5.56 yuan [1][2]

证券代码：002701 证券简称：奥瑞金 （奥瑞）2025－临 055 号 奥瑞金科技股份有限公司 关于公司控股股东部分股份质押及解除质押的公告 奥瑞金科技股份有限公司（"奥瑞金"或"本公司"、"公司"）及董事会 全体成员保证信息披露的真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 公司近日收到控股股东上海原龙投资控股（集团）有限公司（以下简称"上 海原龙"）函告，获悉上海原龙所持有本公司的部分股份办理了质押及解除质押 业务，具体事项如下： | 是否为 | 是 | 是 | 控股股 | 否 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股 | 占其所 | 占公司 | 否 | 质 | 东或第 | 本次质押 | 为 | 质押 | 质 | 东 | 持股份 | 总股本 | 为 | 质押起 | 押 | | 一大股 | 数量 | 补 | 到期 | 权 | 名 | 比例 | 比例 | 限 | 始日 | 用 | 东及其 ...

Market Overview - The packaging and printing sector experienced a decline of 1.59% on September 3, with Yinglian Co. leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - Hongyu Packaging (837174) saw a significant increase of 29.99%, closing at 48.41 with a trading volume of 100,100 shares and a turnover of 414 million [1] - Zhongrui Co. (002374) increased by 8.56%, closing at 3.17 with a trading volume of 1.801 million shares and a turnover of 567 million [1] - Yinglian Co. (002846) led the decline with a drop of 5.31%, closing at 19.08 with a trading volume of 698,200 shares and a turnover of 135 million [2] Capital Flow - The packaging and printing sector experienced a net outflow of 355 million from institutional investors, while retail investors saw a net inflow of 300 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors increased their positions [2][3] Individual Stock Capital Flow - Zhongrui Co. (002374) had a net inflow of 1.08 million from institutional investors, while retail investors showed a net outflow of 3.617 million [3] - Dashing Co. (603687) reported a net inflow of 1.572 million from institutional investors, with a net outflow of 2.324 million from retail investors [3]

Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, primarily due to the consolidation of COFCO Packaging [1] Financial Performance - For H1 2025, the company achieved revenue of 11.727 billion and net profit of 903 million, reflecting increases of 62.74% and 64.66% respectively, while the net profit excluding non-recurring items decreased by 24.17% to 401 million [1] - In Q2 2025, revenue reached 6.152 billion, with net profit at 239 million, showing growth of 68.35% but a decline in net profit of 11.36% and a decrease of 19.91% in net profit excluding non-recurring items [1] Business Analysis - The company strengthened its core metal packaging business and expanded overseas, with revenue from metal packaging, filling, and other businesses reaching 9.4 billion, 650 million, and 720 million respectively, marking year-on-year changes of +72.03%, -35.30%, and -3.42% [2] - The company completed the acquisition of COFCO Packaging and privatized it, enhancing its position in the metal packaging sector and entering high-quality business areas such as steel drums and plastic packaging [2] - Revenue from domestic and overseas markets was 10.591 billion and 1.135 billion respectively, with year-on-year growth of 60.11% and 92.07% [2] - The company plans to invest 1.088 billion in new production capacity projects in Thailand and Kazakhstan, continuing its overseas investment strategy [2] Profitability and Margins - The company's gross margin and net margin for H1 2025 were 14.12% and 7.82%, down by 3.70 and up by 0.30 percentage points year-on-year, respectively [3] - The decline in gross margin is attributed to the initial stage of industry optimization for two-piece cans and insufficient recovery in downstream demand [3] - The company plans to relocate some domestic production capacity overseas to improve the domestic supply-demand balance and support price increases for two-piece cans [3] - The overseas two-piece can market is expected to have a better supply-demand balance, which may enhance overall profit margins for the company [3] Market Position and Future Outlook - The company has solidified its position as a leader in the metal packaging industry following the COFCO acquisition and aims to improve internal operational efficiency and shareholder returns [4] - The overseas business is anticipated to become a significant growth driver, while domestic business improvements are expected due to mergers and capacity relocation [4] - The industry is nearing a profitability turning point, with a reference to the growth paths of leading U.S. metal can companies [4] Earnings Forecast and Valuation - The company forecasts EPS for 2025-2027 to be 0.54, 0.56, and 0.62 yuan, with current stock prices corresponding to PE ratios of 10, 10, and 9 times [5]

Core Viewpoint - Aori Jin (002701) announced a financing lease agreement involving a total amount of RMB 250 million with Hebei Financial Leasing Co., Ltd. for a lease term of 36 months [1] Group 1: Financing Details - The financing amount is RMB 250 million, which is to be utilized by Aori Jin's wholly-owned subsidiaries, Longkou Aori Jin Packaging Co., Ltd. and Shaanxi Aori Jin Packaging Co., Ltd. [1] - The lease term for the financing is set at 36 months [1] Group 2: Guarantee Information - Aori Jin has signed a guarantee contract with Hebei Financial Leasing, providing joint liability guarantees for the financing lease [1] - As of August 31, 2025, the total cumulative guarantee balance for the company and its subsidiaries is RMB 1,048,554.52 million [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the market benchmark within the next six months [18]. Core Views - The company has shown significant revenue growth, with a 62.74% year-on-year increase in revenue for the first half of 2025, reaching 11.727 billion yuan, and a 64.66% increase in net profit, amounting to 903 million yuan [3]. - The company is actively expanding its overseas market presence, with notable investments in Thailand and Kazakhstan to establish new production bases, which are expected to enhance long-term growth [5]. - The integration of COFCO Packaging has strengthened the company's market position in the metal packaging sector, allowing it to transition from a focus on market share to profitability [6]. Financial Performance Summary - For the first half of 2025, the company's gross margin was 14.1%, a decrease of 3.7 percentage points year-on-year, while the net margin was 7.7%, an increase of 0.1 percentage points [6]. - The company reported a quarterly revenue of 6.152 billion yuan in Q2 2025, reflecting a year-on-year growth of 68.35% [3]. - The company’s operating expenses were well-managed, with a total expense ratio of 7.88%, down 0.46 percentage points year-on-year [6]. Revenue and Profit Forecast - The company’s projected net profits for 2025, 2026, and 2027 are 1.346 billion yuan, 1.314 billion yuan, and 1.489 billion yuan respectively, with a significant increase of 70% in 2025 compared to the previous year [6][7]. - The estimated earnings per share (EPS) for 2025 is 0.53 yuan, with a price-to-earnings (P/E) ratio of approximately 10.6 [7][8].

证券代码：002701 证券简称：奥瑞金 （奥瑞）2025－临 054 号 奥瑞金科技股份有限公司 关于公司合并报表范围内担保的进展公告 奥瑞金科技股份有限公司（"奥瑞金"或"本公司"、"公司"）及董事会全 体成员保证信息披露的真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 公司于 2025 年 4 月 27 日召开的第五届董事会 2025 年第二次会议及 2025 年 5 月 20 日召开的 2024 年年度股东大会，审议通过了《关于公司合并报表范围内担保 额度的议案》，同意公司与下属公司之间、下属公司之间未来十二个月在额度内相互 提供担保，担保额度有效期为自公司 2024 年年度股东大会审议批准之日起十二个月 内。详见公司于 2025 年 4 月 29 日、2025 年 5 月 21 日在《中国证券报》《证券时报》 《上海证券报》《证券日报》及巨潮资讯网（http://www.cninfo.com.cn）披露的相 关公告。 一、担保进展情况概述 近日，公司全资子公司龙口奥瑞金包装有限公司及陕西奥瑞金包装有限公司与 河北省金融租赁有限公司（下称"河北金租"）开展融资租赁业务，融资金额合计人 民币 2 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 11.727 billion yuan, a year-on-year growth of 62.74%, and net profit attributable to shareholders at 903 million yuan, up 64.66% [3][4] - The second quarter of 2025 saw revenue of 6.152 billion yuan, a year-on-year increase of 68.35%, but net profit decreased by 11.36% compared to the previous year [4] - The acquisition of COFCO Packaging has strengthened the company's market position in the metal packaging sector and allowed for expansion into high-quality business areas such as steel drums and plastic packaging [4][6] - The company is actively investing in overseas markets, particularly in Southeast Asia and Central Asia, to enhance its two-piece can business, which is expected to improve profitability [4][6] Financial Performance - For the first half of 2025, the company's gross margin was 14.12%, a decrease of 3.70 percentage points year-on-year, while the net profit margin was 7.7%, an increase of 0.09 percentage points [5] - The company expects revenue for 2025 to be 22.047 billion yuan, with a year-on-year growth of 61.2%, and net profit to reach 1.321 billion yuan, up 67.1% [6][9] - The projected earnings per share (EPS) for 2025 is 0.52 yuan, with a corresponding price-to-earnings (P/E) ratio of 10.76 [6][9]