Guangdong Enpack Packaging Co Ltd

Enpack's wholly-owned subsidiary, Enpack Metal Technology Yangzhou, has signed an investment agreement with the management committee of the Jiangdu District High-End Equipment Manufacturing Industrial Park in Yangzhou. The agreement further clarifies the rights and obligations of both parties and supporting policies for the easy-open can end manufacturing project, which involves a total investment of approximately 918 million yuan. The project plans to build six cut-to-length lines, thirteen sheet coating lines, two coil coating lines, twelve can end lines, and fourteen bottom end lines. Once completed and reaching full capacity, it will achieve an annual output of 303,700 tonnes of printed and coated finished steel, including 107,500 tonnes of steel for easy-open can ends, capable of producing 8.211 billion easy-open can ends per year, and 70,200 tonnes of steel for bottom ends, capable of producing 7.299 billion bottom ends per year. The remaining 126,100 tonnes of printed and coated finished steel will be processed and sold. The management committee will provide infrastructure support such as roads, power supply, water supply, gas supply, communications, and rainwater and sewage treatment, and assist in handling various approval procedures. The company stated that the signing of this agreement will help accelerate project construction, expand business scale, and enhance overall competitiveness.

Enpack Packaging has disclosed its earnings forecast, projecting first-half 2026 operating revenue of 1.29 billion to 1.32 billion yuan, a year-on-year increase of 19.35% to 22.13%. Net profit attributable to shareholders is expected to be 32 million to 35 million yuan, up 27.1% to 39.01% year-on-year. Deducted non-recurring net profit is forecast at 26.49 million to 29.49 million yuan, a rise of 35.04% to 50.33%. The company said the profit growth was mainly driven by sustained increases in production and sales volumes in the easy-open lid business of its fast-moving consumer goods metal packaging segment, deeper global expansion, higher capacity utilization, and the release of scale effects, which together lifted overall operating profit.