Financial Performance - The company's operating revenue for the first half of 2019 was RMB 552,419,568.51, representing a 67.80% increase compared to RMB 329,206,905.38 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached RMB 43,156,636.88, a significant increase of 207.79% from RMB 14,021,522.70 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 42,343,772.34, up 313.80% from RMB 10,232,921.85 in the same period last year[18]. - The net cash flow from operating activities was RMB 57,416,577.82, an increase of 29.11% compared to RMB 44,469,657.17 in the previous year[18]. - Basic earnings per share rose to RMB 0.2237, a 209.41% increase from RMB 0.0723 in the same period last year[18]. - The company's total liabilities increased to CNY 333,107,901.79, up from CNY 251,470,924.19, indicating a rise of 32.4%[182]. - The financial report for the first half of 2019 was not audited, which may impact the reliability of the financial data presented[172]. Assets and Equity - Total assets at the end of the reporting period were RMB 1,216,350,389.02, an increase of 8.36% from RMB 1,122,507,170.45 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were RMB 612,525,808.22, up 7.82% from RMB 568,086,633.74 at the end of the previous year[18]. - The total equity attributable to shareholders rose to RMB 612,525,808.22 from RMB 568,086,633.74, reflecting an increase of about 7.8%[177]. - The total equity of the company reached CNY 592,507,882.24, an increase from CNY 554,911,685.07, reflecting a growth of 6.8%[182]. Investments and R&D - Research and development expenses surged by 124.46% to ¥15,183,101.87, reflecting the company's increased investment in R&D and the consolidation of Guangdong Manguan[49]. - The company has accumulated 113 authorized patents, including 11 invention patents, demonstrating its commitment to innovation[39]. - The company has implemented a comprehensive quality control process, ensuring high product safety standards through third-party testing[41]. - The company has developed a thinner can lid technology, which has led to significant material savings and cost control[40]. Market Position and Products - The company has developed a comprehensive product line covering food, beverages, and daily chemical products, enhancing its ability to meet diverse customer needs[34]. - The company leads the domestic market in dry powder easy-open lids, with significant advantages in production capacity and product quality[35]. - The company has established a competitive edge in the white porcelain easy-open lid segment, addressing corrosion issues for high-acid foods[35]. - The company maintains a low sales concentration on single customers, with products exported to nearly 30 countries and regions, mitigating risks from domestic market fluctuations[35]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly aluminum and tinplate, which significantly affect product costs and gross margins[78]. - The company is exposed to market competition risks, with increasing competition potentially affecting market share and operational performance[79]. - The company has a high level of inventory, which may require improved management as sales scale increases, potentially impacting liquidity[84]. - The company is at risk of production site relocation due to changes in land use policies, which could affect operations[81]. Corporate Governance and Compliance - The company has implemented an employee stock incentive plan, with 264.32 million shares granted to 76 individuals as part of the 2017 restricted stock incentive plan[110]. - The company did not engage in any related party transactions during the reporting period[116]. - The company has ongoing rental agreements with various parties, with total rental expenses of 31.93 million RMB for Shandong Xuyuan and 119.45 million RMB for Foshan Baorun[126]. - The company has received various environmental approvals for its construction projects, ensuring compliance with environmental standards[133]. Future Outlook - The company plans to continue expanding its market presence and product offerings through ongoing investments in technology and production capabilities[69]. - The company aims to strengthen its overseas market presence while consolidating its domestic market position to gradually expand its international market share[93]. - The company has committed to enhancing internal management and governance structures to support its growth strategy and ensure effective integration of acquired businesses[93].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2018, representing a year-on-year increase of 15%[13] - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[13] - The company's operating revenue for 2018 was ¥818,956,457.94, representing a 78.85% increase compared to ¥457,897,965.62 in 2017[19] - The net profit attributable to shareholders for 2018 was ¥42,123,147.26, a decrease of 7.22% from ¥45,401,847.48 in 2017[19] - The net cash flow from operating activities increased by 253.78% to ¥88,409,123.62 from ¥24,989,838.04 in the previous year[19] - Total assets at the end of 2018 reached ¥1,122,507,170.45, a 60.56% increase from ¥699,116,589.39 at the end of 2017[19] - The company's basic earnings per share for 2018 was ¥0.22, down 8.33% from ¥0.24 in 2017[19] - The weighted average return on equity for 2018 was 7.71%, down from 9.03% in 2017[19] - The company reported a total of ¥4,707,390.64 in non-recurring gains and losses for 2018, compared to ¥7,510,403.62 in 2017[24] - The company achieved a revenue of 819 million yuan, representing a growth of 78.85% compared to the previous year[53] - The net profit attributable to shareholders was 42.12 million yuan, a decrease of 7.22% year-on-year; however, excluding the impact of stock incentive expenses, the adjusted net profit would be 51.82 million yuan, reflecting a growth of 14.15%[53] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2020[13] - User data indicated a growth in customer base by 20%, reaching 500,000 active users by the end of 2018[13] - The company anticipates a revenue growth of 20% for 2019, driven by new product launches and market expansion strategies[13] - The company is investing 50 million RMB in R&D for new packaging technologies aimed at enhancing sustainability[143] - Market expansion plans include entering two new provinces, which are expected to increase market share by 5%[142] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million RMB allocated for potential acquisitions[143] Product Development and Innovation - New product development efforts have led to the launch of three innovative packaging solutions, contributing to a 5% increase in sales volume[13] - The company has established a comprehensive product line covering food, beverages, and daily chemical products, enhancing its ability to meet diverse customer needs[35] - The company has developed a low-consumption, high-strength two-layer porcelain coating structure that addresses corrosion issues for high-acid foods[37] - The company emphasizes personalized solutions, responding quickly to customer needs through a collaborative mechanism among technical and sales departments[39] - The company has obtained a total of 112 authorized patents, including 7 invention patents, enhancing its technological capabilities[41] Financial Management and Investments - The company plans to issue convertible bonds to raise up to 214 million yuan for development support[56] - The total investment during the reporting period was 300,398,987.77 CNY, reflecting a 67.09% increase compared to the previous year[80] - The company has ongoing projects with a total investment of CNY 64,251,838.56, of which CNY 202,679,484.17 has been invested, achieving a progress rate of 84.72%[85] - The company has a total of RMB 200 million in guarantees provided by its actual controllers, which are still outstanding[175] - The company reported a total fundraising amount of 4,200 million with a floating yield of 4.10%[190] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling approximately RMB 97.27 million[6] - The cash dividend payout ratio for 2018 is 23.09% of the net profit attributable to shareholders[126] - The cash dividend total (including other methods) for 2018 is RMB 9,726,720.00, which is 100% of the distributable profit[127] - The company has established a stable profit distribution policy, with no adjustments made during the reporting period[121] Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly aluminum and tinplate, which significantly impact product costs and gross margins[105] - The company’s accounts receivable are predominantly within one year, and any adverse changes in major customers' financial conditions could lead to uncollectible receivables[110] - The company has identified risks associated with the implementation of fundraising investment projects, including potential delays and market uncertainties[115] - The company has committed to compensating for any shortfall in net profit against the promised figures, calculated based on a specific formula involving cumulative profit targets[149] Corporate Governance and Compliance - The company emphasizes the importance of protecting the legitimate rights and interests of all shareholders[135] - The company has a commitment to avoid engaging in any business that competes with its own, ensuring no conflicts of interest arise from its controlling shareholders[134] - The company will ensure timely and adequate disclosure of any share reduction activities, adhering strictly to legal and regulatory requirements[133] - The company has not faced any penalties or corrective actions during the reporting period[159] Social Responsibility and Human Resources - The company emphasizes social responsibility, providing equal development opportunities for employees and maintaining a comprehensive performance evaluation system[200] - The company has established a detailed human resources management system covering recruitment, training, and employee benefits[200] - The company is committed to creating value for shareholders while fulfilling its obligations to other stakeholders[200]

Financial Performance - The company's operating revenue for Q1 2019 was ¥277,801,158.33, representing a 75.25% increase compared to ¥158,516,049.28 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2019 was ¥21,990,225.54, a significant increase of 187.86% from ¥7,639,088.55 in the previous year[7]. - The net profit after deducting non-recurring gains and losses reached ¥21,460,591.84, marking a 394.97% increase from ¥4,335,753.45 year-on-year[7]. - The company's operating profit for Q1 2019 was ¥29,087,230.23, a 209.70% increase from ¥9,392,067.67 in the previous year[15]. - The total profit for Q1 2019 was ¥29,115,459.12, representing a 208.78% increase from ¥9,429,336.03 in the same quarter last year[15]. - Net profit for Q1 2019 was CNY 24,837,478.43, representing a year-on-year growth of 196.5% from CNY 8,377,360.13[46]. - The net profit for the first quarter of 2019 was CNY 13,549,644.47, a significant increase from CNY 4,712,950.05 in the same period last year, representing a growth of approximately 187.5%[50]. - Operating profit reached CNY 15,312,701.86, compared to CNY 5,422,295.27 in the previous year, indicating an increase of about 182.5%[50]. - Basic earnings per share for Q1 2019 were CNY 0.1144, compared to CNY 0.0398 in the same period last year, indicating a growth of 187.2%[46]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥34,553,614.23, up 70.40% from ¥20,277,458.41 in the same quarter last year[7]. - The company reported a significant increase in cash and cash equivalents, with a year-end balance of ¥97,457,351.86, up 72.75% from ¥56,414,664.81 at the beginning of the year[15]. - The net cash flow from operating activities for Q1 2019 was CNY 25,058,655.85, a significant increase from CNY 546,944.98 in Q1 2018, representing a growth of approximately 4,487%[58]. - Cash flow from operating activities generated a net amount of CNY 34,553,614.23, up from CNY 20,277,458.41 year-over-year, reflecting a growth of approximately 70.5%[54]. - The cash flow from investing activities resulted in a net outflow of CNY 17,234,826.02, compared to a net inflow of CNY 2,533,555.51 in the previous year[55]. - The net cash flow from financing activities was CNY 19,109,588.80, down from CNY 36,131,113.18 in Q1 2018, reflecting a decline of approximately 47%[59]. - The company experienced a net increase in cash and cash equivalents of CNY 26,474,773.35 in Q1 2019, compared to CNY 49,712,529.22 in Q1 2018, a decline of about 47%[59]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,199,694,555.07, reflecting a 6.88% increase from ¥1,122,507,170.45 at the end of the previous year[7]. - Current assets totaled CNY 560,504,677.57, up from CNY 486,122,184.01, indicating an increase of about 15.3%[36]. - Total liabilities reached CNY 555,192,438.37, compared to CNY 512,608,420.18, showing an increase of about 8.3%[38]. - The company's total liabilities increased to CNY 300,916,641.41, up from CNY 251,470,924.19, marking a rise of 19.6%[43]. - The company's equity increased to CNY 644,502,116.70 from CNY 609,898,750.27, reflecting a growth of about 5.7%[38]. - Long-term borrowings increased to CNY 21,240,000.00 from CNY 13,440,000.00, representing a growth of about 58.5%[37]. - The total amount of contract liabilities was CNY 4,010,342.52, compared to CNY 3,252,196.17 in the previous year, showing an increase of 23.4%[42]. Research and Development - Research and development expenses for Q1 2019 were ¥7,256,039.94, which is a 104.40% increase compared to ¥3,549,977.52 in the same period last year[15]. - Research and development expenses for Q1 2019 amounted to CNY 7,256,039.94, which is an increase of 104.0% from CNY 3,549,977.52 in the same quarter last year[44]. Corporate Actions and Plans - The company has established a new subsidiary, Yinglian Metal Technology (Yangzhou) Co., Ltd., completing the business registration procedures on April 4, 2019[21]. - The company plans to invest in the beverage easy-open cap project to expand production lines and enhance market competitiveness[20]. - The company approved the repurchase and cancellation of 108,800 shares of unvested restricted stock due to the departure of five incentive targets[23]. - The company intends to provide a joint liability guarantee for its wholly-owned subsidiary Shantou Yinglian, with a total guarantee amount not exceeding RMB 350 million[24]. Regulatory and Compliance - The company received feedback from the China Securities Regulatory Commission regarding its administrative licensing project on February 1, 2019, and has addressed the issues raised[26]. - The management expenses for the consolidated profit and loss statement were adjusted from RMB 12,656,180.03 to RMB 9,106,202.51 after a retrospective adjustment due to policy changes[19]. - The first quarter report was not audited, indicating potential limitations in the reliability of the financial data presented[66].

证券代码：002846 证券简称：英联股份 公告编号：2018-128 广东英联包装股份有限公司 2018 年第三季度报告正文 1 广东英联包装股份有限公司 2018 年第三季度报告正文 第一节 重要提示 广东英联包装股份有限公司 2018 年第三季度报告正文 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人翁伟武、主管会计工作负责人黄咏松及会计机构负责人(会计主 管人员)陈元辉声明：保证季度报告中财务报表的真实、准确、完整。 2 广东英联包装股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,149,919,669.93 | | 699,116,589.39 | 64.48% | | 归属于 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 329,206,905.38, representing a 75.74% increase compared to CNY 187,325,899.40 in the same period last year[16]. - The net profit attributable to shareholders of the listed company decreased by 42.03% to CNY 14,021,522.70 from CNY 24,185,578.50 year-on-year[16]. - The net profit after deducting non-recurring gains and losses was CNY 10,232,921.85, down 52.52% from CNY 21,554,316.41 in the previous year[16]. - The net cash flow from operating activities increased by 72.75% to CNY 41,957,057.17, compared to CNY 24,287,829.73 in the same period last year[16]. - Basic earnings per share decreased by 65.62% to CNY 0.0723 from CNY 0.2103 in the same period last year[16]. - The weighted average return on net assets was 2.63%, down 2.41% from 5.04% in the previous year[16]. - The company achieved a revenue of 329.21 million yuan in the first half of 2018, representing a year-on-year increase of 75.74% due to the consolidation of Foshan Baorun and Shandong Xuyuan[48]. - The net profit attributable to shareholders was 14.02 million yuan, a decrease of 42.03% year-on-year; excluding the impact of stock incentive expenses, the decline was 22.39%[48]. - The company's operating costs rose to 275.70 million yuan, an increase of 96.94% compared to the previous year, primarily due to the inclusion of the acquired subsidiaries[50]. - The total profit for the first half of 2018 was CNY 17,314,256.93, down from CNY 28,083,359.23, indicating a decrease of approximately 38.5%[175]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 831,667,183.18, an increase of 18.96% from CNY 699,116,589.39 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company increased by 1.78% to CNY 535,206,280.65 from CNY 525,862,718.48 at the end of the previous year[16]. - The company's total liabilities reached CNY 283.86 million, up from CNY 161.18 million, representing an increase of about 76.56%[167]. - Current liabilities rose to CNY 265.76 million, compared to CNY 155.41 million, marking an increase of about 70.96%[167]. - Non-current assets totaled CNY 459.16 million, up from CNY 351.46 million, reflecting a growth of approximately 30.67%[166]. - The company's total equity at the end of the current period was 547,805,000.00 yuan, reflecting an increase from the previous period[194]. Investments and Acquisitions - The company completed the acquisition of Shantou Yinglian Metal Technology Co., Ltd. for ¥56,000,000.00, increasing its stake to 100%[62]. - The company completed the acquisition of 100% equity in Shantou Ligen Textile Co., Ltd. for RMB 56 million, making it a wholly-owned subsidiary[114]. - The company has seen an increase in intangible assets by CNY 66.4 million due to the valuation increase from the acquisition of a subsidiary[30]. - The company’s construction in progress increased by CNY 82.6 million, mainly due to the settlement of machinery and equipment purchased for fundraising projects[30]. - The total amount of funds raised by the company is CNY 21,847.00 million, with a net amount of CNY 21,847.00 million after deducting issuance costs of CNY 3,143.00 million[67]. Market and Product Development - The company focuses on the research, production, and sales of "safe, environmentally friendly, and easy-to-open" metal packaging products, primarily in the fast-moving consumer goods sector[24]. - The core product is a metal easy-open lid with a pre-formed score line that allows for safe opening along the line[25]. - The beverage easy-open lid segment saw significant growth, with revenue increasing by 412.09% to ¥99,095,546.45, up from ¥19,351,276.07[53]. - The company plans to continue expanding its market presence in the beverage and canned food packaging sectors, leveraging its recent acquisitions[47]. - The company aims to strengthen its brand reputation and market competitiveness in the fast-moving consumer goods metal packaging industry[45]. Research and Development - The company has established a research and development center recognized by the Guangdong Provincial Science and Technology Department, with a total of 57 authorized patents[38]. - Research and development investment increased by 14.66% to 6.76 million yuan, reflecting the company's commitment to innovation[51]. - The company has developed multiple thinning technology achievements, significantly reducing the average thickness of its easy-open lids while maintaining performance standards[40]. - The company is committed to enhancing its research and development capabilities to improve product competitiveness[90]. Risks and Challenges - The company faces risks related to fluctuations in consumer demand for fast-moving consumer goods, which are influenced by macroeconomic conditions and disposable income levels[80]. - Raw material costs, particularly for aluminum and tinplate, significantly impact the company's main business costs, with potential price increases posing a risk to profitability[80]. - The company has maintained stable growth in performance since 2013, but faces uncertainties from macroeconomic factors and industry developments that could lead to performance volatility[81]. - The company’s gross profit margin is at a high level, but increased competition could lead to a decline in this margin if new entrants disrupt the market[82]. - The company has a significant reliance on core technical personnel, and their potential loss could hinder product development and innovation[86]. Corporate Governance and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period, ensuring stable operational conditions[101]. - The company has not reported any major non-raised fund investment projects during the reporting period[74]. - The company’s independent directors approved the incentive plan and related matters, ensuring compliance with regulations[106]. - The company has not disposed of any significant assets or equity during the reporting period[75][76]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,350, with major shareholders holding significant stakes, including 29.69% by Weng Weiwu[149]. - Weng Weiwu's shareholding was 57,792,000 shares, with 33,180,800 shares pledged[149]. - The company granted 2.6432 million restricted stocks to 76 eligible participants under the 2017 Restricted Stock Incentive Plan, with the grant date set on January 10, 2018[107]. - The total number of shares increased from 192 million to 194.6432 million due to the issuance of new shares[141]. Environmental and Social Responsibility - The company has implemented a waste gas treatment system with a capacity of 60,000 Nm³/h, which is currently operational and effectively controlling pollutant discharge[128]. - The company has no significant environmental issues or accidents reported during the period[128].

广东英联包装股份有限公司 2018 年第一季度报告正文 证券代码：002846 证券简称：英联股份 公告编号：2018-044 广东英联包装股份有限公司 2018 年第一季度报告正文 1 广东英联包装股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 158,516,049.28 | 80,462,477.39 | 97.01% | | 归属于上市公司股东的净利润（元） | 7,639,088.55 | 11,750,165.11 | -34.99% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 4,335,753.45 | 10,131,126.92 | -57.20% | | 经营活动 ...

Financial Performance - The company's operating revenue for 2017 was CNY 457,897,965.62, representing a 34.81% increase compared to CNY 339,658,278.94 in 2016[16]. - The net profit attributable to shareholders for 2017 was CNY 45,401,847.48, a decrease of 18.08% from CNY 55,419,923.03 in 2016[16]. - The net profit after deducting non-recurring gains and losses was CNY 37,891,443.86, down 30.61% from CNY 54,604,616.89 in the previous year[16]. - The net cash flow from operating activities was CNY 24,989,838.04, a significant decline of 54.22% compared to CNY 54,585,550.46 in 2016[16]. - The basic earnings per share for 2017 was CNY 0.24, a decrease of 36.84% from CNY 0.38 in 2016[16]. - The total assets at the end of 2017 were CNY 699,116,589.39, an increase of 79.23% from CNY 390,063,746.86 at the end of 2016[17]. - The net assets attributable to shareholders at the end of 2017 were CNY 525,862,718.48, up 83.87% from CNY 285,990,871.00 in 2016[17]. - The weighted average return on equity for 2017 was 9.03%, down from 21.09% in 2016, reflecting a decrease of 12.06%[17]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares, totaling CNY 97,321,600 based on 194,643,200 shares[4]. - The cash dividend payout ratio for 2017 is 74.30% of the net profit attributable to shareholders, reflecting a strong commitment to returning value to investors[129]. - The company did not distribute any dividends in 2016, indicating a strategic decision to retain earnings during that period[129]. - The company has established a profit distribution policy that ensures a minimum cash dividend payout of 20% during growth phases, which aligns with its long-term development strategy[126]. Market Position and Strategy - The company maintains a comprehensive product line strategy, covering various applications in food, beverages, and daily chemicals, enhancing its market position[35]. - The company has established a strong market presence in the metal easy-open lid segment, particularly in the dry powder easy-open lid niche, where it holds a leading position domestically[32]. - The company employs a production model that combines order-based and planned production, optimizing inventory management to meet customer demands effectively[31]. - The company has a strategic focus on direct sales to end-users, enhancing its understanding of market needs and customer preferences[31]. - The company aims to enhance its brand influence in the fast-moving consumer goods metal packaging industry, striving to establish "Yinglian" as a strong competitive brand[49]. Acquisitions and Investments - The company successfully acquired Foshan Baorun Metal Products Co., Ltd. and Shandong Xuyuan Packaging Products Co., Ltd., enhancing its position in the beverage easy-open lid sector[53]. - The company reported a total investment of 36,000,000 in the acquisition of Foshan Baorun Metal Products Co., holding a 75% stake[81]. - The company completed the acquisition of Shandong Xuyuan Packaging Co. for 10,000,000, achieving a 100% ownership[81]. - The company plans to continue expanding its market presence through strategic acquisitions and investments in new technologies[82]. Research and Development - Research and development investment increased by 16.83% to ¥13,130,094.38, representing 2.87% of operating revenue[71]. - The number of R&D personnel increased by 4.17% to 50, although their proportion of total employees decreased to 6.22%[71]. - The company has obtained 56 authorized patents, including 3 invention patents, and is recognized as a high-tech enterprise by the Guangdong Provincial Government[41]. - The company has developed a lightweight technology that reduces the average thickness of its easy-open lids while maintaining performance standards, leading to cost control[44]. Financial Management and Cash Flow - The net cash flow from operating activities was ¥24,989,838.04, reflecting a decrease of 54.22% compared to the previous year[73]. - Operating cash inflow increased by 35.02% to ¥440,949,580.11, primarily due to revenue growth and increased cash flow from subsidiaries[73]. - Investment cash inflow surged by 107,676.32% to ¥522,499,610.35, mainly from the redemption of bank wealth management products[74]. - Financing cash inflow rose by 460.80% to ¥297,489,634.82, attributed to the proceeds from the initial public offering[74]. Risks and Challenges - The main raw material costs, including aluminum and tinplate, significantly impact the company's overall business costs, and future price increases could adversely affect profitability[103]. - The company recognizes the risk of fluctuating demand in the fast-moving consumer goods market, which is closely tied to macroeconomic conditions[102]. - The company has a high level of inventory, which may require improved management to avoid liquidity issues as sales scale up[110]. - There is a risk associated with the inability to timely digest new production capacity, which could affect the expected benefits from investment projects due to market demand uncertainties[120]. Compliance and Governance - The company emphasizes the importance of improving management levels and standardizing management systems to enhance governance[101]. - The company has implemented a cash dividend policy that is compliant with its articles of association and shareholder resolutions, ensuring transparency and protection of minority shareholders' rights[126]. - The company has committed to compensating investors for losses incurred due to any violations by controlling shareholders or actual controllers[145]. - The company will publicly apologize and halt salary and dividend payments if it fails to fulfill compensation commitments within five working days[145]. Environmental and Social Responsibility - The company and its subsidiaries are not classified as key pollutant discharge units and have complied with environmental protection laws without penalties during the reporting period[190]. - The company emphasizes employee development and safety, providing equal opportunities and a good working environment[188]. - The company adheres to legal operations and actively contributes to local economic development through tax payments and job creation[188].

Financial Performance - Operating revenue for the reporting period was ¥116,797,889.53, representing a growth of 30.16% compared to the same period last year[8]. - Net profit attributable to shareholders of the listed company was ¥11,527,859.25, a decrease of 21.07% year-on-year[8]. - Net profit after deducting non-recurring gains and losses was ¥9,541,442.61, down 33.86% compared to the same period last year[8]. - Basic earnings per share were ¥0.0961, down 40.79% compared to the same period last year[8]. - The weighted average return on net assets was 2.16%, a decrease of 3.42% year-on-year[8]. - The estimated net profit attributable to shareholders for 2017 is expected to range from 41.56 million to 58.19 million RMB, reflecting a decrease of 25.00% to an increase of 5.00% compared to 55.42 million RMB in 2016[26]. Assets and Shareholder Information - Total assets at the end of the reporting period reached ¥701,873,420.90, an increase of 79.94% compared to the previous year[8]. - Net assets attributable to shareholders of the listed company amounted to ¥516,174,308.75, reflecting an increase of 80.49% year-on-year[8]. - The total number of ordinary shareholders at the end of the reporting period was 17,346[12]. - The top shareholder, Weng Weiwu, holds 30.10% of the shares, amounting to 36,120,000 shares, which are pledged[12]. Cash Flow and Operating Activities - The net cash flow from operating activities was ¥2,847,973.43, a significant decline of 85.63% year-on-year[8]. - The company reported a significant increase in cash flow from operating activities, with cash received from sales amounting to ¥296,859,455.03, a 33.33% increase from ¥222,658,495.75[20]. Costs and Expenses - Operating costs increased by 43.91% to ¥230,709,815.34, up from ¥160,314,607.89, primarily due to rapid sales growth and the inclusion of Foshan Baorun in the consolidation scope[19]. - The company’s financial expenses rose by 478.27% to ¥2,287,556.50, mainly due to exchange losses from the rapid appreciation of the RMB against the USD[19]. Investments and Acquisitions - The company completed the acquisition of 75% of Foshan Baorun Metal Products Co., Ltd., and the business registration has been updated accordingly[22]. - The company plans to conduct forward foreign exchange settlement and sales business with commercial banks, with a total limit not exceeding $20 million for 2017[22]. Dividends and Reserves - The company announced a cash dividend of ¥2 per 10 shares and a capital reserve increase of 6 shares for every 10 shares held, based on a total share capital of 120,000,000 shares as of June 30, 2017[22]. - The company’s capital reserve increased by 307.49% to ¥249,763,635.69, primarily due to the premium from the initial public offering of new shares[17]. Other Financial Information - Other current assets surged by 5329.02% to ¥101,269,719.75, primarily due to cash management activities involving the purchase of short-term bank wealth management products[17]. - The company’s fixed assets increased by 35.83% to ¥200,363,247.14, attributed to the consolidation of Foshan Baorun[17]. Compliance and Governance - There are no overdue commitments from actual controllers, shareholders, related parties, acquirers, or other parties related to the company during the reporting period[25]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[28]. - There were no violations regarding external guarantees during the reporting period[27]. - The company has not conducted any research, communication, or interview activities during the reporting period[29]. Future Outlook - The company anticipates continued rapid growth in operating revenue, but the gross profit margin is expected to decline due to significant increases in the prices of key raw materials such as aluminum and tinplate[26].

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 187,325,899.40, representing a 32.19% increase compared to CNY 141,709,209.90 in the same period last year[16]. - The net profit attributable to shareholders was CNY 24,185,578.50, a slight increase of 0.25% from CNY 24,125,350.21 year-on-year[16]. - The net profit after deducting non-recurring gains and losses decreased by 9.66% to CNY 21,554,316.41 from CNY 23,859,601.32 in the previous year[16]. - The net cash flow from operating activities was CNY 24,287,829.73, down 20.52% from CNY 30,557,855.16 in the same period last year[16]. - Basic earnings per share decreased by 21.56% to CNY 0.2103 from CNY 0.2681 year-on-year[16]. - The gross profit margin decreased to 25.27%, down by 5.81% from the previous year[51]. - The operating cost increased by 43.33% to CNY 139,992,221.21, primarily due to the rapid growth in sales volume[47]. - The company reported a financial expense of CNY 1,164,229.75, compared to a financial income of CNY 392,754.41 in the previous period, indicating a significant shift in financial performance[147]. Assets and Liabilities - Total assets increased by 56.11% to CNY 608,932,128.95 compared to CNY 390,063,746.86 at the end of the previous year[16]. - The company's asset-liability ratio stood at a low level of 13.18%, indicating a strong financial position[43]. - Total liabilities decreased to CNY 80,285,679.45 from CNY 104,072,875.86, a reduction of 22.9%[144]. - The equity attributable to shareholders of the parent company rose to CNY 528,646,449.50, up from CNY 285,990,871.00, representing an increase of 84.9%[144]. Cash Flow - The net cash flow from investment activities significantly worsened, with a net outflow of CNY 188,463,297.63, an increase of 1,092.84% year-on-year[47]. - The net cash flow from financing activities was CNY 206,432,521.90, a drastic change of -1,559.80% compared to the previous year, mainly due to funds raised from the initial public offering[47]. - The total cash and cash equivalents at the end of the period reached CNY 75,524,531.46, up from CNY 32,056,748.95 at the end of the previous year[152]. - The company reported a significant increase in cash and cash equivalents, reaching RMB 84,635,531.38 at the end of the period, compared to RMB 43,099,321.96 at the beginning, representing an increase of approximately 96.5%[141]. Market and Product Strategy - The company maintains a diverse product line covering food, beverages, and daily chemical products, enhancing its ability to meet varied customer needs[31]. - The company has established a leading position in the domestic dry powder easy-open lid market, with sales exceeding 300 million pieces in 2013, ranking first among domestic manufacturers[32]. - The company exports products to nearly 30 countries and regions globally, reducing reliance on any single market[32]. - The company emphasizes personalized solutions for clients, enhancing cooperation depth and stability[33]. - The company employs a production model that combines order-based and planned production, ensuring timely fulfillment of customer demands[28]. - The company’s marketing strategy focuses on direct sales to end-users, allowing for better market insight and customer understanding[28]. - The company is focused on market expansion, particularly in emerging markets, to leverage its strong product quality and rapid service response[44]. Research and Development - The company has obtained a total of 49 authorized patents, including 3 invention patents, and is in the process of applying for 8 utility model patents[35]. - The company has established a research and development center recognized as a provincial engineering technology research center, enhancing its innovation capabilities[36]. - Research and development expenses rose by 25.24% to CNY 5,899,333.96, reflecting the company's commitment to innovation[47]. - The company is committed to increasing its investment in independent research and development to enhance innovation capabilities and product competitiveness[94]. Risks and Challenges - The company is facing risks related to market demand fluctuations, raw material price volatility, and intensified market competition[72][74][75]. - The company has a high level of inventory, which may occupy significant working capital if inventory management does not improve with business growth[81]. - As of June 2017, 87.21% of the company's accounts receivable were aged within one year, indicating potential risks of bad debts if major customers face adverse conditions[82]. - The company's export products are subject to a 5% VAT refund policy, and any reduction in this rate could negatively impact competitiveness and profitability[83]. - The company is at risk of fixed asset depreciation increasing if new projects do not generate benefits quickly enough to offset the added depreciation costs[90]. Future Outlook - The company expects a net profit attributable to shareholders for the first nine months of 2017 to be between RMB 36.79 million and RMB 44.54 million, reflecting a decrease of 5.00% to an increase of 15.00% compared to the same period in 2016[71]. - The company anticipates continued rapid growth in revenue due to successful market expansion, despite risks of declining gross margins due to rising raw material prices[71]. - The company plans to continue investing in market promotion for iron can easy-open lids and milk powder easy-tear lids to prepare for upcoming production projects[44]. - The company has plans for significant capacity expansion, but must enhance management capabilities to adapt to rapid growth and ensure operational efficiency[87]. Shareholder Information - The total number of shareholders at the end of the reporting period was 23,876[127]. - The company issued 30 million shares at a price of 8.33 RMB per share, increasing total shares from 90 million to 120 million[121]. - The cash dividend distribution plan complies with relevant laws and regulations, ensuring the protection of shareholder interests[100]. Compliance and Governance - The audit report for the half-year was issued with a standard unqualified opinion by Lixin Accounting Firm on August 18, 2017[140]. - The company has not experienced any penalties or corrective actions during the reporting period[104]. - The company has no significant litigation or arbitration matters during the reporting period[103].

广东英联包装股份有限公司 2017 年第一季度报告全文 广东英联包装股份有限公司 2017 年第一季度报告 2017-023 2017 年 04 月 1 广东英联包装股份有限公司 2017 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人翁伟武、主管会计工作负责人夏红明及会计机构负责人(会计主 管人员)陈元辉声明：保证季度报告中财务报表的真实、准确、完整。 2 广东英联包装股份有限公司 2017 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 80,462,477.39 | 63,638,340.80 | 26.44% | | 归属于上市公司股东的净利润（元） | 11 ...