Group 1: Investment and Expansion Plans - The company plans to raise up to 1.5 billion RMB for investments in composite current collector projects, canned easy-open lid manufacturing projects, and supplementary flow [4][13] - The subsidiary Shantou Yinglian will introduce investors through a capital increase of up to 200 million RMB, primarily for its easy-open lid business [2][3] Group 2: Production Capacity and Financial Performance - The company has a project plan for composite current collectors with a total investment of 3.089 billion RMB, aiming for a production capacity of 1 billion square meters of composite aluminum foil and 500 million square meters of composite copper foil [3][4] - The revenue from canned easy-open lids increased by 29% year-on-year, contributing to the overall performance improvement [7][13] Group 3: Strategic Partnerships and Market Opportunities - The investment partner, Guangdong Provincial Yuecai Industrial Technology Equity Investment Fund, focuses on supporting quality projects in new energy, new materials, and intelligent manufacturing [6] - The implementation of the new national standard GB 38031-2025 for electric vehicle batteries is expected to accelerate the application of composite current collectors due to their safety and lightweight advantages [9] Group 4: Future Business Strategy - The company will continue to promote the synergistic development of the metal packaging products sector and the composite current collector sector, adhering to a "dual main business" strategy [11][12] - The company is actively pursuing the development of solid-state battery materials, with ongoing testing and collaboration with leading automotive and battery manufacturers [15][16]

Core Viewpoint - The stock of Guangdong Yinglian Packaging Co., Ltd. has shown significant volatility, with a year-to-date increase of 149.88% but a recent decline of 9.32% over the past five trading days [1] Group 1: Stock Performance - As of September 17, the stock price reached 20.54 CNY per share, with a market capitalization of 8.627 billion CNY [1] - The trading volume was 316 million CNY, with a turnover rate of 6.09% [1] - The stock has appeared on the "Dragon and Tiger List" nine times this year, with the latest appearance on September 10, where it recorded a net buy of -144 million CNY [1] Group 2: Company Overview - Yinglian Packaging was established on January 11, 2006, and went public on February 7, 2017, focusing on the research, production, and sales of "safe, environmentally friendly, and easy-to-open" metal packaging products [2] - The main revenue sources include easy-open lids for canned food (43.25%), beverage easy-open lids (29.45%), and other products [2] - The company operates within the light industry manufacturing sector, specifically in packaging and printing, and is involved in concepts such as aluminum-plastic films and solid-state batteries [2] Group 3: Financial Performance - For the first half of 2025, Yinglian Packaging reported a revenue of 1.081 billion CNY, reflecting a year-on-year growth of 10.97%, and a net profit attributable to shareholders of 25.178 million CNY, marking a substantial increase of 404.18% [2] - The company has distributed a total of 1.09 billion CNY in dividends since its A-share listing, with 10.04 million CNY distributed over the past three years [3] - As of June 30, 2025, the number of shareholders increased by 12.66% to 36,900, while the average circulating shares per person decreased by 11.24% to 6,972 shares [2]

Core Viewpoint - Yinglian Co., Ltd. plans to further invest in lithium battery and packaging businesses through a private placement to raise no more than 1.5 billion yuan, focusing on composite current collector projects, easy-open can lid manufacturing projects, and working capital supplementation [1] Group 1: Fundraising and Investment Projects - The private placement will allocate 800 million yuan (53.33% of total funds) to the composite current collector project, 400 million yuan (26.67%) to the easy-open can lid manufacturing project, and the remaining 300 million yuan for working capital [2] - The composite current collector project has a total planned investment of 3.089 billion yuan, 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] - As of mid-2025, the company has invested approximately 810 million yuan in the composite current collector project, primarily for equipment purchase, land and plant construction, material costs, and R&D [2] Group 2: Easy-Open Can Lid Business - The easy-open can lid product is the largest revenue source for Yinglian Co., contributing 769 million yuan in revenue in 2024, accounting for 38.12% of total revenue, and 467 million yuan in the first half of 2025, with a revenue share of 43.25% [3] - The production capacity utilization rate for the easy-open can lid business reached 88.01% in 2024 and 94.78% in the first half of 2025, indicating a strong demand in the downstream market [3] Group 3: Financial Performance - The metal packaging business has contributed nearly all of Yinglian's revenue, while the lithium battery business has not yet scaled [4] - In 2022, the company reported a net loss of 43.14 million yuan due to weak consumer demand, but returned to profitability in 2023 with a net profit of 14.21 million yuan [4] - In 2024, the company achieved a record revenue of 2.018 billion yuan, a year-on-year increase of 15.51%, but reported a net loss of 39.67 million yuan due to rising raw material costs and increased investments in the composite current collector business [4] - In the first half of 2025, the company reported revenue of 1.081 billion yuan, a year-on-year increase of 10.97%, and a net profit of 25.18 million yuan, a significant year-on-year increase of 404.18% [4][5]

英联股份（002846）(002846.SZ)发布2025年度向特定对象发行A股股票预案，本次向特定对象发行股票 的募集资金总额不超过人民币15亿元(含本数)，扣除发行费用后拟用于以下项目：复合集流体项目、罐 头易开盖制造项目及补充流动资金。 ...

智通财经APP讯，英联股份(002846.SZ)发布2025年度向特定对象发行A股股票预案，本次向特定对象发 行股票的募集资金总额不超过人民币15亿元(含本数)，扣除发行费用后拟用于以下项目：复合集流体项 目、罐头易开盖制造项目及补充流动资金。 ...

截至发稿，英联股份市值为87亿元。 每经头条（nbdtoutiao）——重大突破！中国这款新药，中美官方都认定有突破性疗效！世界肺癌大会 沸腾了 （记者 王晓波） 每经AI快讯，英联股份（SZ 002846，收盘价：20.63元）9月15日晚间发布公告称，本次向特定对象发 行股票相关事项已经公司于2025年9月15日召开的第五届董事会第一次会议审议通过。本次向特定对象 发行股票的发行对象不超过35名，发行股票数量按照募集资金总额除以发行价格确定（计算结果出现不 足1股的，尾数应向下取整；对于不足1股部分的对价，在认购总价款中自动扣除），本次发行不超过约 1.26亿股（含本数），不超过本次发行前公司总股本的30%，最终发行数量上限以经深交所审核通过并 经中国证监会同意注册的发行数量上限为准。发行价格不低于定价基准日前20个交易日股票交易均价的 80%。本次发行拟募集不超过人民币15亿元，募集资金用于以下用途：复合集流体项目，总投资约 30.89亿元，拟投入募集资金8亿元；罐头易开盖制造项目，总投资约9.18亿元，拟投入募集资金4亿元； 补充流动资金项目，总投资3亿元，拟投入募集资金3亿元。 2025年1至6月份 ...

Group 1 - The company is planning a capital increase for its wholly-owned subsidiary, with the specific plan still under evaluation and no formal agreements signed as of the announcement date [1] - The company is researching the issuance of stocks to specific targets, which is currently in the preliminary feasibility study stage, with financing methods and scale yet to be determined [1] - The company intends to invest in the construction of a canning easy-open lid manufacturing project, with a total investment of approximately 918 million yuan [1]

Group 1 - The company focuses on long-term and sustainable development, emphasizing reasonable returns for investors while considering various factors such as industry characteristics, operational conditions, financial status, and cash flow [1] - The shareholder return plan for the next three years (2025-2027) will comply with relevant laws and regulations, ensuring a balance between investor returns and the company's sustainable development [2][3] - The company will implement a continuous and stable profit distribution policy, prioritizing cash dividends while allowing for stock dividends under certain conditions [3][4] Group 2 - Cash dividends will be distributed if the company is profitable and has no undistributed losses, with specific minimum ratios based on the company's development stage and capital expenditure plans [3][6] - The company aims to distribute at least 10% of the available profits in cash annually, with a cumulative cash distribution of at least 30% of the average distributable profits over three years [7] - The profit distribution plan will be decided by the board and requires approval from the shareholders' meeting, considering the opinions of independent directors and public investors [8][9] Group 3 - The company will disclose the cash dividend policy and its execution in the annual report, including compliance with company regulations and the clarity of distribution standards [10] - Any adjustments to the cash dividend policy must be transparent and comply with regulatory requirements, requiring board approval and a two-thirds majority at the shareholders' meeting [11][12] - The company will follow relevant laws and regulations for any matters not covered in the plan, with the board responsible for interpretation [13] Group 4 - The company plans to hold its second extraordinary shareholders' meeting on September 15, 2025, to discuss various proposals, including the shareholder return plan [15][22] - The meeting will allow for both on-site and online voting, ensuring all shareholders can participate [16][17] - The company will provide detailed instructions for shareholders on how to register and vote during the meeting [25][30]

Mergers and Acquisitions - Jia Yuan Technology plans to invest 500 million yuan to acquire a stake in Wuhan Endatong Technology Co., Ltd, with 150 million yuan for share transfer and 350 million yuan for capital increase, resulting in a 13.587% ownership stake [1] - SMIC is planning to issue A-shares to purchase minority stakes in its subsidiary, SMIC North, with stock suspension expected for no more than 10 trading days starting September 1, 2025 [2] - Aier Eye Hospital intends to acquire partial stakes in three medical institutions for 105 million yuan to enhance its "graded chain" development model [3] Performance Disclosure - China Railway reported a 5.93% decline in revenue to 511.09 billion yuan and a 17.17% decrease in net profit to 11.83 billion yuan for the first half of 2025 [4] - China Rare Earth achieved a net profit of 162 million yuan, reversing a loss of 244 million yuan from the previous year, with a 62.38% increase in revenue to 1.875 billion yuan [5] - Yunnan Baiyao's revenue grew by 3.92% to 21.257 billion yuan, with a net profit increase of 13.93% to 3.633 billion yuan [6] - China Shipbuilding reported a 11.96% increase in revenue to 40.325 billion yuan and a 108.59% rise in net profit to 2.946 billion yuan [7] - BeiGene turned a net loss of 2.88 billion yuan from the previous year into a profit of 450 million yuan, with a 46.03% increase in revenue to 17.52 billion yuan [8] Shareholding Changes - Kweichow Moutai's controlling shareholder plans to increase its stake by 3 to 3.3 billion yuan within six months, based on confidence in the company's long-term value [9] - Huasheng Tiancheng's director and supervisor plan to reduce their holdings by a total of up to 1% due to personal financial needs [10] - Zhejiang Wen Film's shareholder plans to reduce holdings by up to 0.43% for personal financial needs [11] - Chenxin Pharmaceutical's major shareholder plans to reduce holdings by up to 1% for funding requirements [12] Investment Activities - Yinglian Co. plans to invest 918 million yuan in a can lid manufacturing project, expected to generate over 2.158 billion yuan in annual revenue [13] - Zhiyang Innovation intends to invest 20 million yuan to establish a wholly-owned subsidiary to promote embodied intelligence technology innovation [14]

Mergers and Acquisitions - Jia Yuan Technology plans to invest 500 million yuan to acquire a stake in Wuhan Endatong Technology Co., Ltd, with 150 million yuan for share transfer and 350 million yuan for capital increase, resulting in a 13.587% ownership stake [1] - SMIC is planning to issue A-shares to purchase minority stakes in its subsidiary, SMIC North, with stock suspension expected for no more than 10 trading days starting September 1, 2025 [2] - Aier Eye Hospital intends to acquire stakes in three medical institutions for 105 million yuan to enhance its "graded chain" development model and improve resource allocation efficiency [3] Performance Disclosure - China Railway reported a 5.93% decline in revenue to 511.09 billion yuan and a 17.17% decrease in net profit to 11.83 billion yuan for the first half of 2025 [4] - China Rare Earth achieved a net profit of 162 million yuan, reversing a loss of 244 million yuan from the previous year, with a 62.38% increase in revenue to 1.875 billion yuan [5] - Yunnan Baiyao's revenue grew by 3.92% to 21.257 billion yuan, with a net profit increase of 13.93% to 3.633 billion yuan [6] - China Shipbuilding reported a revenue increase of 11.96% to 40.325 billion yuan and a net profit growth of 108.59% to 2.946 billion yuan [7] - BeiGene turned a profit with a net income of 450 million yuan, compared to a loss of 2.88 billion yuan in the previous year, and a revenue increase of 46.03% to 17.52 billion yuan [8] Investment Activities - Yinglian Co. plans to invest 918 million yuan in a can lid manufacturing project, expected to produce 303,700 tons of finished iron annually, generating over 2.158 billion yuan in revenue [13] - Zhiyang Innovation is investing 20 million yuan to establish a wholly-owned subsidiary in Shenzhen to promote innovation in embodied intelligence technology [14]