证券代码：002846 证券简称：英联股份 公告编号：2025-070 一、股票交易异常波动情况介绍 广东英联包装股份有限公司（以下简称"公司"、"英联股份"）A 股股票（股 票代码：002846）连续两个交易日内（2025 年 9 月 1 日、9 月 2 日）收盘价格涨 幅偏离值累计超过 20%，根据《深圳证券交易所交易规则》的有关规定，属于股 票交易异常波动的情形。 二、对重点问题的关注、核实情况说明 公司董事会对公司自身情况进行了核查并对公司、控股股东及实际控制人就 相关事项进行了核实，具体情况如下： 广东英联包装股份有限公司 关于公司股票交易异常波动公告 本公司及全体董事会成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 5、公司目前正在研究向特定对象发行股票事项，上述事项尚处于前期可行 性论证阶段，融资方式、融资规模等具体方案均未确定，若后续有相关进展情况， 公司将严格遵守法律、法规及规范性文件的规定，及时履行信息披露义务。敬请 广大投资者注意投资风险。 6、除上述事项外，公司、控股股东和实际控制人不存在关于公司的应披露 而未披露的重大事项、或处于筹划阶段的重大事项。 ...

Group 1 - The company is planning a capital increase for its wholly-owned subsidiary, with the specific plan still under evaluation and no formal agreements signed as of the announcement date [1] - The company is researching the issuance of stocks to specific targets, which is currently in the preliminary feasibility study stage, with financing methods and scale yet to be determined [1] - The company intends to invest in the construction of a canning easy-open lid manufacturing project, with a total investment of approximately 918 million yuan [1]

Core Viewpoint - The solid-state battery sector is experiencing significant growth, with multiple companies seeing substantial stock price increases and upcoming industry conferences indicating a shift towards commercialization and technological advancements in solid-state battery technology [1][3]. Group 1: Stock Performance - Daxin Technology has achieved three consecutive trading limits, with a latest price of 24.88 and a rise of 9.99%, resulting in a market capitalization of 57.64 billion [2]. - Yinglian Co. has seen two consecutive trading limits, with a latest price of 20.15 and a rise of 9.99%, leading to a market capitalization of 51.79 billion [2]. - Lushan New Materials reached a trading limit with a latest price of 23.28 and an increase of 10.02%, with a market capitalization of 33.98 billion [2]. Group 2: Industry Events - Several key industry conferences are scheduled, including the 7th High-Energy Solid-State Battery Key Materials Technology Conference on September 23-24, and the 6th China Solid-State Battery Technology Conference on September 24-25 [3]. - A seminar on solid-state battery technology innovation and industrialization will take place from October 22-24, 2025 [3]. Group 3: Technological Developments - Funeng Technology has completed the sample delivery of its first-generation sulfide all-solid-state battery and has developed the second generation, achieving an energy density of 500 Wh/kg [3]. - Leading Intelligent disclosed a net profit of approximately 740 million, a year-on-year increase of 61.19%, with a projected gross margin of 45%-50% for solid-state equipment orders expected to account for 30% by 2025 [3]. Group 4: Market Outlook - The solid-state battery technology is expected to see breakthroughs, with several automakers planning to adopt all-solid-state batteries around 2027, accelerating the industrialization process [5]. - The demand for solid-state electrolytes is projected to reach 210,000 tons, corresponding to a market space exceeding 21 billion, with lithium demand expected to surge significantly post-2027 [5][6]. - By 2030, the shipment of solid-state batteries is anticipated to exceed 600 GWh, with a market scale surpassing 250 billion [6].

Core Insights - The company reported a total operating revenue of 1.081 billion yuan, ranking 14th among disclosed peers, with a year-on-year increase of 10.97% [1] - The net profit attributable to shareholders reached 25.18 million yuan, marking a 404.18% increase year-on-year, achieving three consecutive years of growth [1] - The net cash inflow from operating activities was 177 million yuan, ranking 11th among peers, with a significant year-on-year increase of 261.40% [1] Financial Metrics - The latest debt-to-asset ratio is 59.77%, a decrease of 0.21 percentage points from the previous quarter [3] - The gross profit margin stands at 12.88%, an increase of 0.22 percentage points from the previous quarter, and up 1.83 percentage points year-on-year [3] - The return on equity (ROE) is 1.80%, reflecting an increase of 1.44 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.06 yuan, up 403.36% year-on-year, achieving three consecutive years of growth [3] - The total asset turnover ratio is 0.31 times, ranking 20th among peers, with no change from the previous year [3] - The inventory turnover ratio is 2.77 times, ranking 19th among peers, with a year-on-year increase of 2.11% [3] Shareholder Structure - The number of shareholders is 49,300, with the top ten shareholders holding 280 million shares, accounting for 66.61% of the total share capital [3] - The largest shareholder, Weng Weiwu, holds 40.89% of the shares [3]

Market Performance - The packaging and printing sector increased by 1.61% on September 1, with Hongyu Packaging leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in Packaging and Printing Sector - Hongyu Packaging (837174) closed at 28.65, with a significant increase of 29.99% and a trading volume of 80,300 shares, totaling a transaction value of 213 million [1] - Yinglian Co., Ltd. (002846) saw a rise of 10.03%, closing at 18.32, with a trading volume of 486,400 shares and a transaction value of 85.5 million [1] - Jiyou Co., Ltd. (603429) increased by 10.00%, closing at 10.89, with a trading volume of 233,800 shares and a transaction value of 244 million [1] Decliners in Packaging and Printing Sector - Hongbo Co., Ltd. (002229) experienced a decline of 4.80%, closing at 20.44, with a trading volume of 1,007,700 shares and a transaction value of 2.082 billion [2] - Renzi New Materials (002735) fell by 2.08%, closing at 16.92, with a trading volume of 779,000 shares and a transaction value of 1.315 billion [2] - Shunpiao Co., Ltd. (002565) decreased by 1.05%, closing at 7.51, with a trading volume of 496,600 shares and a transaction value of 372 million [2] Capital Flow Analysis - The packaging and printing sector saw a net outflow of 34.2763 million from institutional investors, while retail investors contributed a net inflow of 137 million [2] - Major stocks like Yinglian Co., Ltd. and Zijiang Enterprise (600210) had significant capital movements, with Zijiang Enterprise seeing a net inflow of 202 million from institutional investors [3]

Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.081 billion yuan, a year-on-year increase of 10.97% [1] - Net profit reached 25.18 million yuan, reflecting a significant year-on-year growth of 404.18% [1] - The company's non-recurring net profit was 19.62 million yuan, showing a remarkable increase of 727.92% year-on-year [1] Group 2: Business Development - The company is focusing on dual-driven growth in the metal packaging products sector and composite current collector sector, adhering to its operational plans and goals [1] - In the fast-moving consumer goods metal packaging business, the company is enhancing efficiency and optimizing its operational structure, leading to rapid revenue growth [1] - The company has expanded its production capacity in Shantou and Yangzhou, with Shantou focusing on dry powder easy-open lids and canned easy-open lids, while Yangzhou specializes in beverage easy-open lids [1] Group 3: Export and Market Expansion - The company has strengthened its overseas market expansion, achieving export revenue of 352 million yuan, an increase of 8.23% year-on-year [1] - The revenue from canned easy-open lids has grown by 29% due to the full release of production capacity [1] Group 4: New Energy Materials - The composite current collector is a strategic focus for the company, with the establishment of Jiangsu Yinglian Composite Current Collector Co., Ltd. in February 2023 [2] - The company is investing 3.089 billion yuan in a project for the research, production, and sales of composite aluminum foil and composite copper foil for new energy vehicle batteries, with an expected annual production capacity of 100 million square meters of composite aluminum foil and 500 million square meters of composite copper foil [2] - The company has accelerated the industrialization of composite copper foil and aluminum foil projects, with five production lines for each type already established [2] Group 5: Strategic Partnerships - The company has engaged in strategic collaborations to enhance the integration of composite current collector materials with battery research and production [3] - In March 2025, the company partnered with a well-known automotive research institute to develop new integrated materials for next-generation battery technology [3] - In August 2025, the company signed a strategic cooperation agreement with a renowned cylindrical battery manufacturer to collaborate on high-performance composite current collector material preparation and technology development [3]

Core Viewpoint - Guangdong Yinglian Packaging Co., Ltd. has established a "External Guarantee Management Method" to standardize external guarantee behavior, effectively prevent risks, and ensure asset safety [1][2] Group 1: External Guarantee Definition and Management - External guarantees refer to the company and its subsidiaries providing guarantees, asset pledges, and other forms of guarantees using their own assets or credit for other units or individuals, including guarantees for subsidiaries [1] - The company implements unified management of external guarantees, adhering to principles of equality, legality, prudence, mutual benefit, and safety, with no individual authorized to sign guarantee-related legal documents without board or shareholder approval [1] Group 2: Conditions and Approval Process - The company can provide guarantees to independent legal entities that meet specific conditions, such as mutual guarantee units needed for business, units with significant or potential business relationships, and subsidiaries [1] - For entities that do not meet the conditions but pose low risk, guarantees can be provided with approval from two-thirds of the board members or through shareholder meeting review [1][2] Group 3: Risk Management and Disclosure - The company has a strict procedure for guarantee execution, requiring the board to understand the debtor's credit status, with the finance department responsible for reviewing the guarantee object and submitting written opinions to the board [2] - A designated person is assigned to monitor the situation of the guaranteed party, maintaining financial records and reporting regularly, with measures in place to mitigate losses if significant adverse conditions arise [2] - The securities department is responsible for disclosing external guarantee information, ensuring compliance with disclosure obligations for transparency [2]

Group 1 - The company focuses on long-term and sustainable development, emphasizing reasonable returns for investors while considering various factors such as industry characteristics, operational conditions, financial status, and cash flow [1] - The shareholder return plan for the next three years (2025-2027) will comply with relevant laws and regulations, ensuring a balance between investor returns and the company's sustainable development [2][3] - The company will implement a continuous and stable profit distribution policy, prioritizing cash dividends while allowing for stock dividends under certain conditions [3][4] Group 2 - Cash dividends will be distributed if the company is profitable and has no undistributed losses, with specific minimum ratios based on the company's development stage and capital expenditure plans [3][6] - The company aims to distribute at least 10% of the available profits in cash annually, with a cumulative cash distribution of at least 30% of the average distributable profits over three years [7] - The profit distribution plan will be decided by the board and requires approval from the shareholders' meeting, considering the opinions of independent directors and public investors [8][9] Group 3 - The company will disclose the cash dividend policy and its execution in the annual report, including compliance with company regulations and the clarity of distribution standards [10] - Any adjustments to the cash dividend policy must be transparent and comply with regulatory requirements, requiring board approval and a two-thirds majority at the shareholders' meeting [11][12] - The company will follow relevant laws and regulations for any matters not covered in the plan, with the board responsible for interpretation [13] Group 4 - The company plans to hold its second extraordinary shareholders' meeting on September 15, 2025, to discuss various proposals, including the shareholder return plan [15][22] - The meeting will allow for both on-site and online voting, ensuring all shareholders can participate [16][17] - The company will provide detailed instructions for shareholders on how to register and vote during the meeting [25][30]

Group 1 - The company, Yinglian Co., announced a provision for asset impairment and credit loss totaling approximately 8.49 million yuan for the second quarter of 2025, which will reduce the net profit attributable to the parent company by about 7.02 million yuan after considering tax expenses [1] - For the first half of 2025, the company's revenue composition shows that the metal products industry accounts for 99.91%, while the new energy lithium battery sector only represents 0.09% [1] Group 2 - The announcement coincides with the opening of the first A-level car exhibition in the domestic market for the second half of the year, featuring nearly 120 brands and 1,600 vehicles, indicating a competitive landscape in the new energy vehicle sector [1]

Mergers and Acquisitions - Jia Yuan Technology plans to invest 500 million yuan to acquire a stake in Wuhan Endatong Technology Co., Ltd, with 150 million yuan for share transfer and 350 million yuan for capital increase, resulting in a 13.587% ownership stake [1] - SMIC is planning to issue A-shares to purchase minority stakes in its subsidiary, SMIC North, with stock suspension expected for no more than 10 trading days starting September 1, 2025 [2] - Aier Eye Hospital intends to acquire partial stakes in three medical institutions for 105 million yuan to enhance its "graded chain" development model [3] Performance Disclosure - China Railway reported a 5.93% decline in revenue to 511.09 billion yuan and a 17.17% decrease in net profit to 11.83 billion yuan for the first half of 2025 [4] - China Rare Earth achieved a net profit of 162 million yuan, reversing a loss of 244 million yuan from the previous year, with a 62.38% increase in revenue to 1.875 billion yuan [5] - Yunnan Baiyao's revenue grew by 3.92% to 21.257 billion yuan, with a net profit increase of 13.93% to 3.633 billion yuan [6] - China Shipbuilding reported a 11.96% increase in revenue to 40.325 billion yuan and a 108.59% rise in net profit to 2.946 billion yuan [7] - BeiGene turned a net loss of 2.88 billion yuan from the previous year into a profit of 450 million yuan, with a 46.03% increase in revenue to 17.52 billion yuan [8] Shareholding Changes - Kweichow Moutai's controlling shareholder plans to increase its stake by 3 to 3.3 billion yuan within six months, based on confidence in the company's long-term value [9] - Huasheng Tiancheng's director and supervisor plan to reduce their holdings by a total of up to 1% due to personal financial needs [10] - Zhejiang Wen Film's shareholder plans to reduce holdings by up to 0.43% for personal financial needs [11] - Chenxin Pharmaceutical's major shareholder plans to reduce holdings by up to 1% for funding requirements [12] Investment Activities - Yinglian Co. plans to invest 918 million yuan in a can lid manufacturing project, expected to generate over 2.158 billion yuan in annual revenue [13] - Zhiyang Innovation intends to invest 20 million yuan to establish a wholly-owned subsidiary to promote embodied intelligence technology innovation [14]