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 ...

[Table_StockNameRptType] 奥瑞金（002701） 公司点评 25Q2 业绩短期承压，积极布局海外市场 | [Table_Rank] | 投资评级：买入（维持） | | | --- | --- | --- | | 报告日期： | 2025-09-01 | | | [Table_BaseData] 收盘价（元） | | 5.55 | | 近 12 个月最高/最低（元） | 6.25/4.14 | | --- | --- | | 总股本（百万股） | 2,560 | | 流通股本（百万股） | 2,557 | | 流通股比例（%） | 99.91 | | 总市值（亿元） | 142 | | 流通市值（亿元） | 142 | [公司价格与沪深 Table_Chart] 300 走势比较 [Table_Author] 分析师：徐偲 [Table_Author] 分析师：徐偲 执业证书号：S0010523120001 邮箱：xucai@hazq.com 分析师：余倩莹 执业证书号：S0010523120001 邮箱：xucai@hazq.com 分析师：余倩莹 执业证书号：S00105240400 ...

Core Viewpoint - The financial performance of Aorijin (002701) for the first half of 2025 shows significant growth in revenue and net profit, driven by the consolidation of COFCO Packaging Holdings, despite some declines in specific metrics like quarterly net profit and cash flow [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 reached 11.727 billion yuan, a year-on-year increase of 62.74% [1] - Net profit attributable to shareholders was 903 million yuan, up 64.66% year-on-year [1] - In Q2 2025, total revenue was 6.152 billion yuan, reflecting a 68.35% increase year-on-year, while net profit decreased by 11.36% to 239 million yuan [1] - Gross margin was 14.12%, down 20.74% year-on-year, while net margin improved to 7.82%, an increase of 3.95% [1] - Total operating expenses (sales, management, and financial expenses) amounted to 846 million yuan, accounting for 7.21% of revenue, a decrease of 9.45% year-on-year [1] Balance Sheet Highlights - Accounts receivable increased significantly by 73.13% to 6.421 billion yuan [1] - Interest-bearing debt surged by 199.16% to 12.492 billion yuan [1] - Cash and cash equivalents slightly increased by 2.54% to 3.005 billion yuan [1] Cash Flow Analysis - Operating cash flow per share was 0.35 yuan, down 41.27% year-on-year [1] - The net cash flow from operating activities decreased by 41.58%, attributed to increased supplier payment settlements [3] - The net cash flow from investing activities saw a drastic decline of 21,772.34%, due to payments for acquiring COFCO Packaging Holdings [3] Investment Metrics - The company's return on invested capital (ROIC) was 7.53%, indicating average capital returns [4] - The historical median ROIC over the past decade was 8.71%, with the lowest recorded at 4.36% in 2018 [4] - Analysts project a 2025 net profit of 1.36 billion yuan, with an average earnings per share estimate of 0.53 yuan [4] Fund Holdings - The largest fund holding Aorijin shares is Tianhong Gain Return Bond Initiation A, with 3.3908 million shares, showing a reduction in holdings [5] - Other funds have newly entered the top ten holdings, indicating growing interest in Aorijin [5]

证券之星消息，近日奥瑞金披露，截至2025年6月30日公司股东户数为4.51万户，较3月31日减少3604.0 户，减幅为7.4%。户均持股数量由上期的5.25万股增加至5.67万股，户均持股市值为33.76万元。 在包装印刷行业个股中，奥瑞金股东户数高于行业平均水平，截至6月30日，包装印刷行业平均股东户 数为3.13万户。户均持股市值方面，包装印刷行业A股上市公司户均持股市值为15.77万元，奥瑞金高于 行业平均水平。 从股价来看，2025年3月31日至2025年6月30日，奥瑞金区间涨幅为19.24%，在此期间股东户数减少 3604.0户，减幅为7.4%。 | | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值（元） 户均持股数（股) | | | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | 19.24% | 45116 -3604 | -7.40% | 33.76万 | 5.67万 | | 2025-03-31 | -10.23% | 48720 667 | 1.39% | 26.74万 | 5.25万 | | 2 ...

证券代码：002701 证券简称：奥瑞金 公告编号：（奥瑞）2025-003号 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 不适用。 公司是否需追溯调整或重述以前年度会计数据：否 单位：元 ■ 董事会审议的报告期利润分配预案或公积金转增股本预案 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 不适用。 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 不适用。 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 不适用。 4、控股股东或实际控制人变更情况 控股股东报告期内变更 公司报告期控股股东未发生变更。 实际控制人报告期内变更 公司报告期实际控制人未发生变更。 5、公司优先股股东总数及前10名优先股股东持股情况表 公 ...

Group 1 - The company achieved operating revenue of 11.727 billion yuan in the first half of 2025, representing a year-on-year growth of 62.74% [1] - The net profit attributable to shareholders of the listed company was 903 million yuan, an increase of 64.66% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 401 million yuan, showing a year-on-year decline of 24.17% [1] - The basic earnings per share were 0.35 yuan [1]

Group 1 - The core viewpoint of the article highlights the significant financial performance of Aoruijin in the first half of 2025, with a notable increase in both revenue and net profit [2] - Aoruijin reported a revenue of approximately 11.727 billion yuan, reflecting a year-on-year growth of 62.74% [2] - The company's net profit attributable to shareholders reached about 903 million yuan, marking a year-on-year increase of 64.66% [2]

| | | | | | | | | | | | 单位： 元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 2025 年半年度占用 | | | 2025 年半年度 | | | | | 非经营性 | 资金占用方名称 | 占用方与上市公司的 | 上市公司核算 | 2025 年期初占 | 累计发生金额 | 2025 | 年半年度占 | 偿还累计发生 | 2025 年 6 月末 | 占用形成原因 | 占用性质 | | 资金占用 | | 关联关系 | 的会计科目 | 用资金余额 | （不含利息） | | 用资金的利息 | 金额 | 占用资金余额 | | | | 控股股 东、实际 | | | | | | | | | | | | | 控制人及 | — | — | — | - | | - | - | - | - | — | — | | 其附属企 | | | | | | | | | | | | | 业 | | | | | | | | | | | | | 其他关联 | | | | | | | | | | ...