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]