证券日报网讯 9月29日晚间，奥瑞金发布公告称，公司第五届董事会2025年第三次会议及2025年第二次 临时股东大会审议通过《关于变更注册地址及修订的议案》。近日，公司完成注册地址及《公司章程》 的变更登记手续，并领取了北京市怀柔区市场监督管理局换发的《营业执照》。本次工商变更登记完成 后，公司注册地址由"北京市怀柔区雁栖工业开发区"变更为"北京市怀柔区雁栖经济开发区雁栖大街11 号"，其他登记事项不变。 （编辑 任世碧） ...

证券代码：002701 证券简称：奥瑞金 （奥瑞）2025－临 057 号 奥瑞金科技股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 公司第五届董事会 2025 年第三次会议及 2025 年第二次临时股东大会审议通 过《关于变更注册地址及修订<公司章程>的议案》。上述详细内容请见公司于 2025 年 8 月 9 日、2025 年 8 月 29 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）发布的《关 于变更注册地址、修订<公司章程>及制定、修订部分治理制度的公告》（2025- 临 047 号）、《关于 2025 年第二次临时股东大会决议的公告》（2025-临 053 号）。 近日，公司完成注册地址及《公司章程》的变更登记手续，并领取了北京市 怀柔区市场监督管理局换发的《营业执照》。本次变更登记完成后，公司注册地 址由"北京市怀柔区雁栖工业开发区"变更为"北京市怀柔区雁栖经济开 ...

Market Overview - The packaging and printing sector experienced a decline of 0.42% on September 26, with Hongyu Packaging leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Notable gainers in the packaging and printing sector included: - Huaman Holdings (002787) with a closing price of 8.28, up 2.10% [1] - Jiamei Packaging (002969) at 3.49, up 2.05% [1] - New Hongze (002836) at 9.27, up 1.42% [1] - Major decliners included: - Hongyu Packaging (837174) at 34.01, down 4.73% [2] - Fangda New Materials (838163) at 16.88, down 4.63% [2] - Wangzi New Materials (002735) at 15.00, down 3.97% [2] Trading Volume and Capital Flow - The packaging and printing sector saw a net outflow of 190 million yuan from institutional investors, while retail investors had a net inflow of 191 million yuan [2][3] - The trading volume for notable stocks included: - Jiayou Co. (603429) with a trading volume of 23.19 million shares [1] - Wangzi New Materials (002735) with a trading volume of 296,600 shares [2] Capital Inflow Analysis - Key stocks with significant capital inflow included: - Jiyou Co. (603429) with a net inflow of 29.44 million yuan from institutional investors [3] - Yongji Co. (603058) with a net inflow of 16.58 million yuan [3] - Conversely, stocks like Dashing Co. (603687) experienced a net outflow of 9.91 million yuan from institutional investors [3]

Group 1 - The core point of the article is that Yongxin Co., Ltd. announced the release of stock pledges by its major shareholder, Aorijin Technology Co., Ltd. [2] - Aorijin Technology released 33,267,000 shares from pledge, which accounts for 24.46% of its held shares and 5.43% of the total share capital of Yongxin [2] - After the release of the pledge, Aorijin and its subsidiaries hold a total of 146,995,794 shares in Yongxin, representing 24.00% of the total share capital [2] Group 2 - Following the release of the pledge, Aorijin and its subsidiaries have no pledged shares remaining, indicating a complete removal of pledge status [2]

Summary of the Conference Call for Aoyuan (奥瑞金) Company and Industry Overview - **Company**: Aoyuan (奥瑞金) - **Industry**: Metal packaging, specifically focusing on two-piece cans Key Points and Arguments 1. **Market Share and Competitive Position**: After acquiring COFCO Packaging, Aoyuan has expanded its market share, enhancing its competitive position in the industry. The combined market share with COFCO is close to 40%, leading to a more stable competitive landscape and improved bargaining power with downstream brand owners [2][4][7] 2. **Profitability Challenges**: In the first half of 2025, Aoyuan's operating profit was only 4 billion RMB, which is below expectations. The overall profit for 2025 is projected to be around 8 billion RMB, primarily due to ongoing losses in the domestic two-piece can market [2][6] 3. **Future Profit Projections**: If Aoyuan successfully implements price increases and realizes the benefits of its overseas expansion, net profit could reach approximately 13 billion RMB in 2026, with a potential valuation increase to 17-20 times PE [5][13] 4. **Industry Dynamics**: The domestic two-piece can market is expected to gradually return to a break-even or slightly profitable state. Each increase of one cent in net profit could yield an additional 200 million RMB in net profit, significantly improving the current profit level [7][8] 5. **International Market Potential**: The global metal two-piece can industry has a higher gross profit margin, with net profit margins close to 10%. In contrast, the domestic market faces challenges due to oversupply and intense competition, making it difficult to improve profit margins [9][10] 6. **Strategic Expansion Plans**: Aoyuan is actively pursuing an overseas expansion strategy, planning to establish new production lines in Southeast Asia, Central Asia, and the Middle East. Collaborations with partners like Ball Corporation are aimed at controlling capital expenditures and sharing investment returns [11][12] 7. **Long-term Outlook**: The long-term outlook for Aoyuan and the industry is optimistic. The acquisition of COFCO is expected to lead to price increases and improved profitability in the domestic market, while international expansion will further enhance scale and market share [13][14] 8. **Investment Timing**: Current market conditions present a favorable opportunity for investors to consider Aoyuan and related companies. The potential for significant profit growth and a relatively low valuation make it an attractive investment [14][15] Additional Important Insights - **Historical Context**: The domestic metal two-piece can industry has faced challenges due to overcapacity, leading to weak bargaining power and low profit margins. However, recent mergers and acquisitions are expected to change this dynamic [10] - **Performance Metrics**: The current factory price per can is approximately 0.4 RMB, and any increase in profit per can directly correlates to net profit margins [8]

Core Viewpoint - Aoxin has announced that its controlling shareholder, Shanghai Yuanlong Investment Holding (Group) Co., Ltd., has pledged a portion of its shares, specifically 19.43 million shares [1]. Group 1 - The announcement was made on the evening of September 22 [1]. - The pledged shares represent a significant action by the controlling shareholder, indicating potential changes in the company's financial strategy or liquidity management [1].

证券代码：002701 证券简称：奥瑞金 （奥瑞）2025－临 056 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业务，具体 事项如下： | | 龙 | 原 | 海 | | 上 | | | 称 | | 名 | 东 | | 股 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 是 | | | | 动人 | 一致行 | 东及其 | | 一大股 | 东或第 | 控股股 | 是否为 | | | | | 1,943 | | | | | | （万股） | | 数量 | 本次质押 | | | | | | | 2.31 | | | | | （%） | | 比例 | 持股份 | ...

Group 1 - The light industry is set to play a greater role in stabilizing economic growth and promoting consumption, as outlined in the "Light Industry Stabilization Growth Work Plan (2025-2026)" issued by three government departments [1] - The plan aims for significant growth in key sectors, with a focus on smart home products, elderly and infant goods, and sports and leisure fashion products, alongside the promotion of 300 upgraded and innovative products [1] - By 2024, the number of light industry enterprises is expected to reach 136,600, a 25.7% increase from 2020, with total revenue surpassing 22.96 trillion yuan, averaging a 4.22% annual growth [1] Group 2 - In the A-share market, the light industry manufacturing sector has shown strong performance, with several stocks, including Yuma Technology and Meiyingsen, hitting the daily limit up [2] - Among 166 stocks in the light industry manufacturing sector, 59 reported a year-on-year increase in net profit, with three stocks achieving over 400% growth in net profit [3] - Hai Xiang New Materials reported a net profit of 65 million yuan for the first half of the year, marking a 1099.05% increase, attributed to favorable foreign exchange gains and reduced production costs [3][4] Group 3 - The packaging and home goods sectors have shown positive profitability, with net profits increasing by 11.7% and 2.61% respectively, while the cultural and entertainment products sector experienced a slight decline [5] - The paper industry has faced challenges, transitioning from profit to loss due to supply-demand imbalances, leading to sustained low prices and pressure on profitability [5] - The light industry manufacturing sector has seen significant investment from social security funds, with 15 stocks heavily weighted, including Aorikin and Songlin Technology, which were newly added in the second quarter [5][6]

Company Overview - Aorijin Technology Co., Ltd. is located in Yanqi Industrial Development Zone, Huairou District, Beijing, established on May 14, 1997, and listed on October 11, 2012. The company specializes in the research, design, production, and sales of metal packaging products for food and beverages [1] - The main business revenue composition includes metal packaging products and services at 93.31%, other supplementary services at 6.14%, and filling services at 0.55% [1] Financial Performance - As of June 30, 2025, Aorijin achieved operating revenue of 11.727 billion yuan, representing a year-on-year growth of 62.74%, and a net profit attributable to shareholders of 903 million yuan, with a year-on-year increase of 64.66% [2] - Cumulative cash dividends since Aorijin's A-share listing amount to 3.912 billion yuan, with 923 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of Aorijin shareholders is 45,100, a decrease of 7.40% from the previous period, while the average circulating shares per person increased by 7.99% to 56,685 shares [2] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the third-largest shareholder with 74.7592 million shares, an increase of 4.8132 million shares from the previous period [3]

Core Insights - The report from Tianfeng Securities indicates that Aoruijin's Q2 2025 revenue reached 6.2 billion, a year-on-year increase of 68%, while net profit attributable to shareholders was 240 million, a decrease of 11% [1] - For H1 2025, the company reported revenue of 11.7 billion, up 63% year-on-year, with net profit attributable to shareholders at 900 million, an increase of 65%, but a decrease of 24% in non-recurring net profit to 400 million [1] - Aoruijin has completed strategic acquisitions of Bolia Asia-Pacific and COFCO Packaging in 2019 and 2025, respectively, positioning itself as a leader in market layout, business scale, customer structure, innovation capability, profitability, and comprehensive service capacity in China [1] Business Strategy - In response to domestic market competition and overseas development opportunities, the company is actively conducting research on overseas business layout, identifying potential investment opportunities, and steadily advancing its strategic plan for overseas factory investments to align with the industry's internationalization trend [1] - Based on the performance in H1 2025 and considering the impact of acquisition projects on short-term performance, the profit forecast has been adjusted while maintaining a "buy" rating [1]