Group 1 - The core viewpoint of the news is the strategic partnership between Yinglian Co., Ltd. and LG Chem to develop innovative polymer materials for next-generation composite current collectors in lithium batteries [1][2] - Yinglian's subsidiary, Jiangsu Yinglian, is investing 3.089 billion yuan in a project to produce composite aluminum and copper foils, with an expected annual capacity of 100 million square meters of aluminum foil and 500 million square meters of copper foil [1] - Jiangsu Yinglian is also developing lithium metal anode materials and specialized composite copper foils for solid-state batteries, collaborating with leading automotive and battery companies for testing and optimization [1][2] Group 2 - The establishment of the joint laboratory will focus on the development of high-performance polymer-based materials and innovative processing technologies for composite current collectors [2] - The collaboration aims to address the increasing demand for batteries with high safety, energy density, and cycle life in the renewable energy and energy storage markets [2] - Yinglian Co., Ltd. has reported a strong performance in 2025, with a projected net profit of 32 million to 42 million yuan, representing a year-on-year growth of 180.66% to 205.87% [2][3] Group 3 - The company has experienced continuous revenue growth and has turned a profit, primarily driven by its fast-moving consumer goods metal packaging segment [3] - The company has improved its lean production capabilities and product quality, leading to an increase in market share for its metal packaging easy-open lid business [3] - The optimization of product structure and implementation of lean management measures have contributed to cost reduction and efficiency improvement, resulting in a year-on-year increase in overall gross margin [3]

Major Announcements - Zhaoyi Innovation plans to use 500 million CNY of A-share fundraising to increase capital in its wholly-owned subsidiaries for the implementation of the DRAM project [1] - Haiguang Information's mid-2025 profit distribution plan includes a cash dividend of 0.09 CNY per share, totaling 209 million CNY [2] - *ST Biology has terminated the major asset restructuring plan to acquire 51% of Hunan Huize Biomedical Technology Co., Ltd. [3] - Fosun Pharma intends to spin off its subsidiary Fosun Antigen for independent listing on the Hong Kong Stock Exchange [4] - Jingchen Co. has set the inquiry transfer price at 82.85 CNY per share for the transfer of 13.1 million shares [5] Performance Forecasts - Zhaoyi Innovation expects a net profit of approximately 1.61 billion CNY for 2025, a year-on-year increase of about 46% [9] - Longying Precision anticipates a net profit decrease of 17.70% to 29.36% for 2025, estimating between 545 million CNY and 635 million CNY [9] - Ruichuang Micro-Nano forecasts a net profit of around 1.1 billion CNY for 2025, representing a 93% increase [10] - Nanjing Bank projects a net profit of 21.81 billion CNY for 2025, an 8.08% increase year-on-year [11] - Zhongyuan Co. expects a net profit increase of 80% to 105% for 2025, estimating between 139 million CNY and 158 million CNY [12] - Qiangyi Co. anticipates a net profit increase of 57.87% to 71.17% for 2025, estimating between 368 million CNY and 399 million CNY [13] - Liard expects a net profit of 300 million CNY to 380 million CNY for 2025, turning from a loss of 889 million CNY in the previous year [14] - Daheng Technology forecasts a net profit of approximately 106 million CNY for 2025, also turning from a loss [16] - Dongfeng Co. anticipates a net loss of 390 million CNY to 480 million CNY for 2025 [17] - Qing Song Co. expects a net profit increase of 137.73% to 201.74% for 2025, estimating between 130 million CNY and 165 million CNY [18] - SIRUI Co. forecasts a net profit of 165 million CNY to 184 million CNY for 2025, turning from a loss [19] - Shengmei Shanghai expects a revenue increase of 18.91% to 22.47% for 2025, estimating between 6.68 billion CNY and 6.88 billion CNY [20] - Yijun Co. anticipates a net loss of 11 million CNY to 14 million CNY for 2025 [21] - Saint Yuan Environmental Protection expects a net profit increase of 31.79% to 59.24% for 2025, estimating between 240 million CNY and 290 million CNY [22] - Lijun Co. forecasts a net profit decrease of 45.05% to 60.03% for 2025, estimating between 4.8 million CNY and 6.6 million CNY [23] - Xingqi Eye Medicine expects a net profit increase of 95.82% to 121.56% for 2025, estimating between 662 million CNY and 749 million CNY [25] - Beidou Star expects a net loss of 230 million CNY to 290 million CNY for 2025, reducing losses compared to the previous year [26] - Yiling Pharmaceutical anticipates a net profit of 1.2 billion CNY to 1.3 billion CNY for 2025, turning from a loss of 725 million CNY [27] - Zhijiang Bio forecasts a net loss of 32 million CNY to 47 million CNY for 2025, reducing losses compared to the previous year [28] - Yema Battery expects a net profit decrease of 58% to 70% for 2025, estimating between 45.83 million CNY and 64.17 million CNY [29] - Yunmei Energy anticipates a net loss of 410 million CNY to 470 million CNY for 2025 [30] - Yingfang Micro expects a net loss of 69 million CNY to 97 million CNY for 2025 [31] - Guanghua Technology forecasts a net profit of 85 million CNY to 120 million CNY for 2025, turning from a loss [33] Share Buybacks - Hengyi Petrochemical plans to repurchase shares worth 500 million CNY to 1 billion CNY [34] - Yunyi Electric plans to repurchase shares worth 100 million CNY to 150 million CNY [34] - Xidun Pharmaceutical plans to repurchase shares worth 25 million CNY to 50 million CNY [35]

Core Viewpoint - The announcement highlights a strategic partnership between Jiangsu Yinglian and LG Chem to establish joint laboratories focused on innovative materials for composite electrolytes and lithium battery applications [1] Group 1: Partnership Details - Jiangsu Yinglian and LG Chem signed a strategic agreement to create the "Yinglian-LG Chem" joint laboratory, enhancing collaboration in high-performance polymer materials and lithium battery innovations [1] - The joint laboratories will be located in Gaoyou for Jiangsu Yinglian and Wuxi for LG Chem, facilitating technology exchange and research on new materials and processes for lithium batteries [1] Group 2: Research Focus - The collaboration will focus on the development of next-generation polymer-based materials for composite electrolytes and innovative processing technologies [1] - LG Chem will conduct research based on user demands for lithium battery materials, including the development of specialized materials, customer evaluations, and mass production systems [1] - Jiangsu Yinglian will share insights on product pain points and key performance indicators, guiding future research directions such as electroplating testing and end-user evaluations [1]

Core Viewpoint - The company has signed a strategic agreement with LG Chem to establish a joint laboratory, focusing on innovative materials for composite conductive fluids and lithium battery applications [1] Group 1: Joint Laboratory Establishment - Jiangsu Yinglian will set up the "Yinglian-LG Chem Joint Laboratory" in Gaoyou, while LG Chem will establish the "LG Chem-Yinglian Joint Laboratory" in Wuxi [1] - The collaboration aims to enhance communication on industry-leading technologies and promote the research and introduction of new materials and processes for lithium batteries [1] Group 2: Research Focus - The joint laboratory will focus on the development of next-generation polymer-based materials for composite conductive fluids and innovative process technologies [1] - LG Chem will conduct research based on user demands for lithium battery materials, including the development of specialized materials for composite conductive fluids and support for film processing technology [1] Group 3: Information Sharing and Development Direction - Jiangsu Yinglian will share information regarding product pain points and key performance indicators, as well as suggest future development directions [1] - Research directions include electroplating testing and evaluation, as well as end-customer testing and evaluation [1]

Group 1 - The core viewpoint of the news is the strategic partnership between Jiangsu Yinglian and LG Chem to establish a joint laboratory aimed at developing innovative polymer materials for composite electrolytes and lithium battery innovations [1] - Jiangsu Yinglian has a long-standing cooperative relationship with LG Chem, which has led to the decision to deepen their collaboration through the establishment of the "Yinglian-LG Chem Joint Laboratory" [1] - The joint laboratory will focus on accelerating the development of next-generation polymer materials for composite electrolytes and expanding into the global lithium battery innovation market [1] Group 2 - Jiangsu Yinglian is investing a total of 3.089 billion RMB in the construction of composite aluminum foil and copper foil projects for new energy vehicle power lithium 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 upon reaching full capacity [2] - The products from Jiangsu Yinglian have been tested by downstream customers in power batteries, consumer batteries, and energy storage batteries, including liquid and solid-state batteries, leading to further deep cooperation with some leading clients [2] - Jiangsu Yinglian is also developing lithium metal anode materials and composite copper foil specifically for sulfide solid-state batteries, leveraging its expertise in vapor deposition technology, and is currently testing and optimizing these materials with automotive companies and leading battery manufacturers [2]

证券代码：002846 证券简称：英联股份 公告编号：2026-005 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 LG 化学 签署《联合实验室战略协议》 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（简称"江苏英联"）与爱尔集化 学技术开发有限公司（简称"LG 化学"）签署了《"英联-LG 化学"联合实 验室战略协议》，加强在复合集流体用高分子创新材料、锂电创新材料等领域 的深度合作。 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；LG 化学是一家多元化的全球领先科学企业，是 LG 集 团旗下子公司，其业务涵盖石油化学、尖端材料、生命科学三大领域，是 2025 年《财富》世界 500 强企业。 鉴于江苏英联与 LG 化学已有长期良好的合作关系，为充分发挥各自优势， 双方达成进一步深化合作的意向，由江苏英联与 LG 化学联合成立"英联-LG 化学联合实验室"（简称"联合实验室"），双方将正式携手开发新一代复合 集流体用高分子创新 ...

Core Viewpoint - The company announced a strategic agreement with LG Chem to jointly develop innovative polymer materials for composite fluid applications, aiming to enhance its position in the global lithium battery materials market [1] Group 1: Company Developments - The company's subsidiary, Jiangsu Yinglian Composite Fluid Co., Ltd., will collaborate with LG Chem under the "Yinglian-LG Chem" joint laboratory strategic agreement [1] - The agreement is expected to positively influence the company's future operational development, although it will not have a significant impact on the current year's financial performance [1] Group 2: Industry Implications - The collaboration aims to accelerate the company's entry into the global lithium battery innovation materials market, which is a growing sector within the industry [1]

（编辑 楚丽君） 证券日报网讯 1月21日，英联股份发布公告称，公司及下属公司不存在对合并报表外单位的担保对象提 供担保的情况，不存在对外担保的债权发生逾期的事项、不存在涉及诉讼的担保金额、及因担保被判决 败诉而应承担的损失金额的情况。 ...

证券代码：002846 证券简称：英联股份 公告编号：2026-004 广东英联包装股份有限公司 关于公司及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。 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》。 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。 2、下属公司为母公 ...

Summary of Company and Industry Insights Company: 英联股份 (Yinglian Co., Ltd.) Core Business Insights - The company relies on traditional packaging to generate cash flow while exploring new growth avenues in the new energy materials sector, particularly in composite electrolytes and solid-state lithium metal products, which may lead to significant future development [1] - For the fiscal year 2025, the overall revenue is expected to grow by approximately 12%, with the easy-open lid segment projected to achieve a net profit of over 80 million yuan, primarily from canned goods. Revenue growth is anticipated to be between 10-15%, driven by export growth, capacity release, and customer expansion [1] - Profit expectations for 2026 are projected to be around 100 million yuan, with a focus on enhancing food lid exports (targeting a 50% increase), expanding product categories (including pet food cans and exported fish cans), and turning around the beverage lid business, which has significant potential due to ample competition [1] Product Development and Capacity Expansion - **Composite Aluminum Foil**: The company is in its volume expansion phase, with current capacity at 50 million square meters (5 lines) and plans to increase to 100 million square meters (10 lines). Specifications of 10μm, 8μm, and 6.5μm have achieved mass verification, with expected revenue of 100 million yuan in 2026, primarily from MA products. The yield rate is over 90%, with a unit price of 8 yuan per square meter [2] - **Composite Copper Foil**: Progress is accelerating, with current capacity at 25 million square meters (5 lines) and plans to expand to 500 million square meters (134 lines, potentially exceeding 600 million square meters). The current single roll length exceeds 8,000 meters, and the width has surpassed 1,140 mm. The economic viability of copper prices has improved, with cost reductions of 20-30%. The two-step method costs 3.5 yuan per square meter, while the evaporation method costs 3 yuan per square meter, with further cost reduction expected. The yield rate is around 85% [2] - **Lithium Metal Anode**: The product exhibits excellent performance (high purity, strong peeling strength, controllable thickness) and has been sent for evaluation to leading domestic customers. Cycle performance is improved by 100% compared to rolled lithium metal (200 cycles, potentially achieving 500 cycles). Currently, the company is in contact with about five customers, with two core clients actively testing samples [2] - **Non-Anode Development**: The company is addressing lithium dendrite growth issues through polymer coatings to enhance lithium migration, solid electrolyte coatings to improve interface adhesion and ion conduction, and ultra-thin metal aluminum/alloy layers to guide lithium spread. Collaborations with leading domestic enterprises have been established [3][4] Future Prospects - The company is exploring solutions to corrosion issues by integrating nickel layers in future developments [4] This summary encapsulates the key insights from the conference call, highlighting the company's strategic focus on traditional and new energy materials, revenue growth expectations, product development, and future prospects in the industry.