Enpack(SZ:002846) Xin Lang Zheng Quan·2025-10-31 01:37Core Viewpoint - Yinglian Co., Ltd. is a leading player in the metal packaging industry, focusing on safe, environmentally friendly, and easy-to-open packaging solutions, with a diverse product line catering to various sectors including food, beverages, and daily chemicals [1] Group 1: Business Performance - For Q3 2025, Yinglian's revenue reached 1.648 billion yuan, ranking 6th among 7 companies in the industry, with the industry leader, Aorijun, generating 18.346 billion yuan [2] - The company's net profit for the same period was 32.967 million yuan, also placing it 6th in the industry, while the top performer, Aorijun, reported a net profit of 1.105 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Yinglian's debt-to-asset ratio was 60.53%, higher than the industry average of 55.10% and up from 57.34% in the previous year [3] - The company's gross profit margin stood at 12.56%, exceeding the industry average of 11.84% and an increase from 10.75% year-on-year [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.41% to 49,600, while the average number of circulating A-shares held per shareholder decreased by 2.35% to 5,178.89 [5] - The fourth largest circulating shareholder is Zhonghang New Start Flexible Allocation Mixed A, holding 8.4766 million shares as a new entrant [5] Group 4: Future Outlook - Pacific Securities forecasts that Yinglian's net profits will reach 46 million, 68 million, and 150 million yuan from 2025 to 2027, respectively, driven by ongoing investments in composite foil materials [5] - Guosheng Securities highlights Yinglian's focus on the domestic easy-open lid market while expanding into lithium battery materials, with expected revenues of 2.36 billion, 3.01 billion, and 3.94 billion yuan from 2025 to 2027 [6]