Enpack(SZ:002846)2025-05-23 06:20Group 1: Company Overview and Investment - Guangdong Yinglian Packaging Co., Ltd. is investing in the new energy lithium battery composite aluminum foil and composite copper foil projects with a total investment of 3.089 billion CNY [2] - The project plans to build 10 production lines for composite aluminum foil and 5 production lines for composite copper foil, with an expected annual production capacity of 1.35 billion square meters of composite aluminum foil and 1.45 billion square meters of composite copper foil [2] Group 2: Strategic Partnerships and Orders - Jiangsu Yinglian has established a strategic partnership with Aifake for the procurement of 10 composite aluminum foil production lines, currently having 5 lines in operation [2] - Jiangsu Yinglian received a bulk order from South Korean client U&S ENERGY for 100,000 square meters of composite aluminum foil and 50,000 square meters of composite copper foil, with plans for U&S to purchase 2 million square meters of composite aluminum foil and 1 million square meters of composite copper foil in 2025 [4] - A strategic cooperation agreement was signed with a well-known automotive company in March 2025 to develop integrated new materials for the next generation of battery technology [5] Group 3: Product Development and Applications - The company is actively developing composite aluminum foil and composite copper foil for applications in solid-state batteries, with ongoing material testing [7] - The product line includes composite aluminum foil, composite copper foil (PET, PP), carbon-coated composite aluminum foil, carbon-coated composite copper foil, and porous composite copper foil [9] - The company is participating in the formulation of the group standard for composite copper foil for lithium-ion batteries, aiming to address technical bottlenecks in mass production [8] Group 4: Production Capacity and Technology - The production speed for composite aluminum foil is 16 meters per minute, while the magnetic sputtering speed for composite copper foil can reach 16 meters per minute, and water electroplating is about 8 meters per minute [13] - The company employs a two-step method for producing composite copper foil, which has advantages in yield, efficiency, and performance stability [9] Group 5: Market Performance and Future Strategy - The company's export revenue accounted for 33.24% of total revenue in 2024, achieving a year-on-year growth of 43.62% [14] - The future strategy includes promoting the synergy between the metal packaging products and composite current collector segments, continuing to solidify the core business while advancing the research and industrialization of composite current collectors [14]