Group 1: Aluminum Processing Business - The company has an aluminum foil production capacity of 25.5 million tons after the completion of ongoing projects [2] - The total production capacity for aluminum plate and strip is 26 million tons, with 13 million tons each from Jiangsu and Anhui bases, and an additional 13 million tons from Sichuan [2] - In the first half of 2025, the aluminum processing business achieved revenue of 2.398 billion yuan, a year-on-year increase of 12%, with aluminum foil sales slightly down by 4.7% and aluminum plate and strip sales up by 25% [2] Group 2: Functional Film Business - The functional film business focuses on high barrier films, smart conductive films, car wrap films, and energy-saving films [4] - Despite a decline in sales due to market price competition, the company improved the gross margin by adjusting the product structure [4] - Future development will target high-potential markets for functional films, including automotive smart roofs and high-end packaging [5] Group 3: Paper Packaging Materials Business - The paper packaging materials segment, primarily involving special paper products for tobacco and alcohol packaging, generated revenue of 223 million yuan in the first half of 2025, a year-on-year increase of 17% [6] - Sales volume reached 17,000 tons, reflecting a 12% year-on-year growth, with high-value specialty transfer paper products driving margin improvements [6]

Group 1 - The company, Zhejiang Zhongcheng, confirmed that its main product, POF shrink film, can be used for the outer packaging of food and pharmaceutical products [2] - The company is currently developing high barrier films and modified atmosphere packaging films, which are also suitable for the packaging of fresh food [2] - As of now, the company does not produce packaging containers specifically for food or pharmaceutical use [2]

Financial Performance - In 2024, the company achieved total operating revenue of 6.579 billion CNY, a year-on-year increase of 22.52% [1] - The net profit attributable to shareholders was -192 million CNY due to various factors including decreased gross profit margins and increased financial expenses [1] Aluminum Processing Business - The aluminum processing segment generated operating revenue of 4.732 billion CNY, a 40% increase year-on-year [2] - Aluminum foil sales reached 107,600 tons, up 22% year-on-year, while aluminum plate and strip sales totaled 189,300 tons, a 69% increase [2] - The company is focusing on high-value-added products to enhance profitability in the aluminum processing segment [2] Production Capacity - The total aluminum foil production capacity is projected to reach 255,000 tons after the completion of ongoing projects [3] - The combined production capacity for aluminum plate and strip is 260,000 tons [3] Paper Packaging Materials Business - The paper packaging materials segment achieved operating revenue of 490 million CNY, with a sales volume of 38,000 tons, both reflecting a 13% year-on-year growth [4] Functional Film Business - The functional film segment reported operating revenue of 52.48 million CNY with a sales volume of 5.59 million square meters [5] - The company plans to expand its market presence for high-value products such as high barrier films and smart films [6] Export and Tariff Impact - In 2024, overseas sales revenue amounted to 1.18 billion CNY, primarily from aluminum foil exports [6] - The company has adjusted processing fees in response to the cancellation of aluminum foil export tax rebates and U.S. tariffs, maintaining stable export volumes [6]