智通财经APP讯，英联股份(002846.SZ)公告，公司控股子公司江苏英联复合集流体有限公司(简称"江苏 英联")与某知名圆柱电池公司签署了《战略合作协议》。某知名圆柱电池公司是一家深耕于消费电池、 动力电池领域的高新技术企业。协议双方达成围绕锂电池新型集流体研发项目展开合作的意向。 ...

证券代码：002846 证券简称：英联股份 公告编号：2025-052 广东英联包装股份有限公司 关于子公司江苏英联复合集流体与某知名圆柱电池公司 签署《战略合作协议》 暨复合集流体项目进展的公告 本公司及全体董事会成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、近日，江苏英联复合集流体有限公司与某知名圆柱电池公司签署了《战 略合作协议》。 江苏英联是专注于新能源汽车动力锂电池复合铝箔、复合铜箔的研发、生产 和销售的高科技企业，某知名圆柱电池公司是深耕于消费电池、动力电池领域的 高新技术企业。双方发挥各自优势，以验证和改善复合集流体电池材料性能、优 化复合集流体电池材料应用为目的，合作进行高性能复合集流体材料制备及技术 开发，共同致力于复合集流体产业化发展。 2、本次签订的《战略合作协议》为双方基于合作意向而达成的框架性约定， 具体合作事项双方根据实际情况共同协商确定，本次《战略合作协议》预计对公 司本年度的经营业绩不会产生重大影响，但会对公司未来发展起到一定的积极作 用。 前，江苏英联已有 5 条日本爱发科复合铝箔生产线和 5 条复合铜箔生产线，复合 铝箔和复合 ...

Core Viewpoint - The company announced a strategic cooperation agreement with a well-known cylindrical battery company to develop high-performance composite current collector materials and technology, which is expected to positively impact the company's future development, although it will not have a significant effect on the current year's operating performance [1]. Group 1 - The company is Jiangsu Yinglian Composite Current Collector Co., Ltd., a subsidiary of Yinglian Co., Ltd. [1] - The strategic cooperation aims to promote the industrialization of composite current collectors [1]. - The agreement is seen as a step towards enhancing the company's capabilities in the composite current collector industry [1].

Core Viewpoint - The report from Guosheng Securities highlights that Yinglian Co., Ltd. is venturing into composite electrolytes and metal anodes, capitalizing on the growth of lithium battery new materials [1] Company Overview - Yinglian Co., Ltd. is a leader in the domestic easy-open lid sector, with products including dry powder easy-open lids, canned easy-open lids, and beverage easy-open lids [1] - In 2023, the company established a subsidiary in Jiangsu for composite electrolytes, and it plans to start developing lithium metal/composite electrolyte anode integrated materials by 2025 [1] - The company aims to continuously promote the synergistic development of multiple businesses [1] Financial Projections - For the first half of 2025, the company expects to achieve operating revenue of 1.07-1.13 billion yuan, representing a year-on-year growth of 9.9%-16.0% [1] - The projected net profit attributable to the parent company is estimated to be between 23-28 million yuan, indicating a significant year-on-year increase of 360.6%-460.7% [1] Investment Outlook - The active layout in composite electrolytes and lithium metal anodes is expected to create a new growth curve for the company [1] - Based on the closing price on August 1, 2025, the projected price-to-earnings ratios for Yinglian Co., Ltd. are 171.4x for 2025, 82.5x for 2026, and 42.4x for 2027 [1] - The report initiates coverage with a "Buy" rating [1]

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4]. Core Viewpoints - The company is a leader in the domestic easy-open lid market and is expanding into the lithium battery materials sector, with a focus on composite electrolytes and metal anodes [13][14]. - The easy-open lid segment provides a stable revenue base, with notable clients including Nestlé, Coca-Cola, and Unilever [29][31]. - The composite electrolyte market is expected to grow due to new safety regulations for electric vehicle batteries, which will drive technological advancements [2][3]. - The lithium metal anode is identified as a long-term development direction, suitable for solid-state battery technology [3]. - The company anticipates significant revenue growth from 2025 to 2027, with projected revenues of 23.6 billion, 30.1 billion, and 39.4 billion yuan, respectively [4]. Summary by Sections Easy-Open Lid Market - The company is the domestic leader in the easy-open lid market, with products including dry powder lids, canned lids, and beverage lids [13]. - The easy-open lid segment is expected to contribute a stable revenue base, with a market growth rate of 6.23% from 2018 to 2023 [29][32]. - The company has been expanding its overseas market presence, exporting to nearly 30 countries and regions [31][26]. Composite Electrolyte - The composite electrolyte is gaining traction due to its cost-saving benefits and improvements in battery safety and lifespan [2]. - The company has signed orders for composite electrolytes with U&S ENERGY and is collaborating with leading automotive and battery companies [2][3]. Lithium Metal Anode - The lithium metal anode is projected to have a significant market potential due to its high theoretical capacity compared to graphite anodes [3]. - The company is developing integrated materials for lithium metal and composite electrolytes and is currently in the sample testing phase with major automotive and battery firms [3]. Financial Projections - The company expects to achieve revenues of 10.7 to 11.3 billion yuan in the first half of 2025, representing a year-on-year growth of 9.9% to 16.0% [21]. - The projected net profit for the same period is estimated to be between 23 million and 28 million yuan, reflecting a substantial increase of 360.6% to 460.7% year-on-year [21]. - For the years 2025 to 2027, the company forecasts a compound annual growth rate (CAGR) of 16.7%, 27.6%, and 30.9% for total revenue [4].

Investment Rating - Overweight (Maintain) on new lithium battery materials, with expectations for accelerated industrialization [1] Core Viewpoints - Composite current collectors are a new type of material for lithium batteries, offering advantages in cost and performance compared to traditional copper and aluminum foils [4][18] - The transition from traditional copper foils to composite copper foils is expected to be the largest cost reduction segment in battery materials over the next 2-3 years [28] - The industrialization of composite current collectors is anticipated to accelerate, benefiting leading companies in the sector [66] Summary by Sections 1. Introduction to Composite Current Collectors - Composite current collectors differ from traditional materials by using a "metal-polymer substrate-metal" sandwich structure [15] - They are designed to reduce costs and improve safety, with composite copper foils reducing raw material costs by over 50% compared to traditional copper foils [19][23] 2. Advantages of Composite Current Collectors - Composite current collectors provide lower manufacturing costs, enhanced safety, lightweight properties, improved energy density, and extended cycle life [18][29][33] - The material's structure helps mitigate risks of thermal runaway in batteries, thus enhancing safety [29] 3. Application in Solid-State Batteries - The industrialization of solid-state batteries is accelerating, with composite current collectors being increasingly integrated into their applications [36][37] - Solid-state batteries have stringent requirements for current collectors, which composite materials can meet effectively [37] 4. Market Growth Potential - The market for composite current collectors is projected to grow significantly, with estimates suggesting a market size of 140 billion yuan by 2025 and over 700 billion yuan by 2030 [38] - The penetration rate of PET composite copper foils is expected to reach 25% by 2030, indicating strong demand [38] 5. Industry Chain Analysis - The industry chain includes upstream materials like PET and PP, core equipment for manufacturing, and downstream applications in various battery types [41][43] - The main manufacturing process for composite copper foils is the two-step method, which is currently the most mature and cost-effective [49][66] 6. Industrialization Acceleration - The production cost of composite copper foils is approaching that of traditional copper foils, with significant improvements in yield rates expected [66] - New national standards for battery safety are likely to create further opportunities for the adoption of composite current collectors in the market [67]

Group 1 - As of July 29, the stock price of Yinglian Co., Ltd. closed at 16.28 yuan, down 4.24% from the previous trading day [1] - The trading volume on that day reached 450 million yuan, with a turnover rate of 10.60% [1] - Yinglian Co., Ltd. specializes in the research, production, and sales of metal packaging products, including food cans, beverage cans, and daily chemical cans [1] Group 2 - The company operates in the packaging materials industry and is also involved in composite electrolytes and solid-state battery concepts [1] - On July 29, the company announced on its investor interaction platform that its integrated materials for lithium metal/composite electrolyte anodes for solid-state batteries have been sent for samples to leading automotive and battery companies [1] - On the same day, the net outflow of main funds was 54.83 million yuan, accounting for 1.31% of the circulating market value [1]

Group 1 - The company is currently collaborating with leading automotive and battery companies for its solid-state lithium metal products [2] - The solid-state battery materials include lithium metal and composite current collectors [2] - The company is actively engaging in sample delivery to potential customers in the industry [2]

证券代码：002846 证券简称：英联股份 公告编号：2025-051 广东英联包装股份有限公司 关于公司股东部分股份解除质押的公告 本公司及全体董事会成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 广东英联包装股份有限公司（以下简称"公司"）于近日接到公司持股 5%以 上股东翁伟嘉先生的通知，获悉翁伟嘉先生的部分股份办理了解除质押手续，具 体情况如下： 一、 本次股份解除质押业务办理情况 | | 是否为控股股 | 本次解除 | 占其所 | 占公司 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 东或第一大股 | 质押股数 | 持股份 | 总股本 | 质押起始 | 质押解除 | 质权人 | | 名称 | 东及其一致行 | （股） | 比例 | 比例 注 1 | 日期 | 日期 | | | | 动人 | | | | | | | | 翁伟嘉 | 否 | 2,080,000 | 7.44% | 0.50% | 2022.7.28 | 2025.7.25 | 联储证券 股份有限 | | | | | | | ...

一、担保情况概述 广东英联包装股份有限公司（以下简称"公司"或"本公司"）于 2025 年 4 月 16 日召开第四届董事会第二十一次会议、第四届监事会第二十次会议和 2025 年 5 月 9 日召开 2024 年年度股东大会，审议通过了《关于 2025 年度担保及财务资助额 度预计的议案》。 证券代码：002846 证券简称：英联股份 公告编号：2025-050 广东英联包装股份有限公司 关于对全资子公司提供担保的进展公告 本公司及全体董事会成员保证信息披露内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 根据上述决议，公司及下属公司（含子、孙公司，下同）2025 年度提供对外 担保经审批额度如下： 1、公司及下属公司 2025 年度拟为下属公司向金融机构申请授信融资提供总 额不超过人民币 27 亿元（含本数）的担保，其中包括： （1）对资产负债率超过 70%的下属公司申请授信融资不超过 7 亿元的担保。 （2）对资产负债率不超过 70%的下属公司申请授信融资不超过 19 亿元的担 保。 （3）因第三方机构为下属公司申请授信融资提供担保，公司及下属公司为第 三方机构提供不超过 1 亿元的反担保。 ...