英联股份股东减持完成，业绩扭亏为盈，新能源业务获订单

Core Viewpoint - The company is expected to turn profitable in 2025, driven by significant orders in the new energy materials sector and ongoing capacity expansion efforts [1]. Shareholder Changes - The three major shareholders (Weng Weiwu, Weng Weiwei, Cai Peinong, and their concerted parties) reduced their holdings by a total of 25.02 million shares between November 5, 2025, and February 4, 2026, but this reduction will not affect the controlling stake or actual control of the company [2]. Recent Performance - The company forecasts a net profit attributable to shareholders of between 32 million and 42 million yuan for 2025, marking a significant improvement from the losses in 2024, primarily due to contributions from the fast-moving consumer goods metal packaging sector [3]. Project Progress - The subsidiary, Jiangsu Yinglian, is advancing its composite current collector project, with five production lines for composite aluminum foil and five for composite copper foil, achieving annual capacities of 50 million square meters and 25 million square meters, respectively. Future capacity will be gradually released based on customer orders, and samples have been sent to downstream battery clients. Additionally, the company secured an order for composite aluminum foil from a solid-state battery company, with expected procurement exceeding 50 million square meters, covering 2026 to 2027 [4]. Strategic Initiatives - The company signed a strategic cooperation agreement with a certain automotive research institute in Guangzhou in March 2025 to jointly develop integrated new materials for composite current collectors, with further supply progress expected within one year after the contract signing (by the first half of 2026) [5]. Company Status - The company plans to establish a wholly-owned subsidiary in Russia to expand its overseas market for metal packaging, potentially enhancing business diversification. As of January 2026, the company and its subsidiaries disclosed progress on guarantees to support operational financing, with a remaining guarantee amount of approximately 1.957 billion yuan. Future funding may be supplemented through project loans and private placements to ensure investment in new energy business [6].