Core Viewpoint - Yinglian Co., Ltd. (002846.SZ) has reported significant growth in both revenue and net profit for the first three quarters of 2025, driven primarily by its fast-moving consumer goods (FMCG) metal packaging segment [1][4]. Financial Performance - The company expects to achieve revenue between 1.63 billion and 1.65 billion yuan, representing a year-on-year growth of 9.49% to 10.83% [1][4]. - Net profit is projected to be between 34.5 million and 37.5 million yuan, marking a substantial increase of 1531.13% to 1672.97% compared to the same period last year [1][4]. - For Q3 2025, revenue is anticipated to reach between 549 million and 569 million yuan, with a year-on-year growth of 6.68% to 10.57% [4]. - The company has turned around its performance, reporting a non-GAAP net profit of between 26 million and 29 million yuan, compared to a loss of 1.64 million yuan in the previous year [4]. Business Segments - The growth in revenue and profit is primarily attributed to the FMCG metal packaging segment, particularly the easy-open lid products [5]. - The company has enhanced its operational efficiency through product structure adjustments and lean management practices, leading to improved gross margins [5][6]. - Yinglian has also established a subsidiary, Jiangsu Yinglian Composite Current Collector Co., Ltd., focusing on the R&D, production, and sales of composite aluminum and copper foils for electric vehicle batteries [1][4]. Market Position and Future Plans - As of mid-2025, the company has invested approximately 810 million yuan in the composite current collector project, establishing five aluminum and five copper foil production lines, although large-scale production has not yet commenced [2][11]. - The company plans to raise up to 1.5 billion yuan through a private placement, with 800 million yuan allocated to the composite current collector project and 400 million yuan for expanding the easy-open lid manufacturing project [10][11]. - Yinglian's metal packaging products have gained recognition from major brands such as Coca-Cola, Pepsi, and Budweiser, establishing a solid foundation for sustainable growth [12]. Stock Performance - Since the beginning of 2025, Yinglian's stock price has increased by over 137% [3][13].