Core Viewpoint - Yihau New Materials (301176.SZ) announced that Yiyuan Fund plans to reduce its shareholding by up to 1.00% of the company's total share capital, which amounts to a maximum of 1.655 million shares, through centralized bidding within three months after 15 trading days from the announcement date [1] Summary by Category - **Company Announcement** - Yihau New Materials disclosed that Yiyuan Fund intends to reduce its holdings in the company [1] - The reduction will not exceed 1.655 million shares, representing 1.00% of the current total share capital [1] - The share reduction will occur through centralized bidding transactions [1]

Core Viewpoint - Yihau New Materials (301176.SZ) announced that its major shareholder, Ganzhou Yiyuan Equity Investment Fund Partnership (Limited Partnership), plans to reduce its shareholding in the company [1] Summary by Sections Shareholder Reduction Plan - The shareholder, Yiyuan Fund 1, intends to reduce its holdings by up to 1,654,970 shares, which represents no more than 1.00% of the company's current total share capital [1]

Core Points - Ganzhou Yihau New Materials Co., Ltd. announced on September 14 that its major shareholder, Ganzhou Yiyuan Equity Investment Fund Partnership (Limited Partnership), plans to reduce its shareholding due to funding needs [1] - As of the announcement date, Yiyuan Fund holds 9.118189 million shares, accounting for 5.51% of the company's total share capital, all of which are tradable shares [1] - The reduction plan allows Yiyuan Fund to sell up to 1.00% of the total share capital, or 1.65497 million shares, within three months starting from October 14, 2025, subject to market conditions [1] Summary by Sections Shareholding and Reduction Plan - Yiyuan Fund intends to reduce its shareholding in the company due to its own funding requirements [1] - The planned reduction will occur within a specified timeframe and will be executed through centralized bidding [1] Compliance and Commitments - The reduction plan aligns with previous commitments made by Yiyuan Fund regarding shareholding and reduction intentions as disclosed in the company's IPO documents [1] - There are no violations of prior commitments, ensuring compliance with regulations [1] Market Considerations - The reduction price will be determined based on market conditions, and the number of shares to be reduced may be adjusted if there are changes in the company's share structure during the reduction period [1]

赣州逸豪新材料股份有限公司 关于持股 5%以上股东减持股份的预披露公告 股东赣州逸源股权投资基金合伙企业（有限合伙）保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 证券代码：301176 证券简称：逸豪新材 公告编号：2025-034 特别提示： 近日，赣州逸豪新材料股份有限公司（以下简称"公司"、"发行人"） 收到公司持股 5%以上股东赣州逸源股权投资基金合伙企业（有限合伙）（以下 简称"逸源基金1"）的《股份减持计划告知函》，其拟减持公司股份。 截至本公告披露日，逸源基金持有公司股份 9,118,189 股（占公司当前总股 本2比例 5.51%）。逸源基金计划在自本公告披露之日起 15 个交易日后的 3 个月 内通过集中竞价交易方式减持公司股份不超过 1,654,970 股，即不超过公司当前 总股本的 1.00%。 2、股东持股情况：截至本公告披露日，逸源基金持有公司股份 9,118,189 股，占公司当前总股本比例 5.51%。其中无限售条件流通股 9,118,189 股，占其 持有公司股份总数的 1 ...

Core Viewpoint - Yihau New Materials (301176.SZ) has developed lithium battery copper foil production technology and established a product matrix that meets various scenario demands [1] Product Characteristics - The conventional lithium battery copper foil has excellent comprehensive physical properties [1] - The medium-strength lithium battery copper foil has a tensile strength of ≥45 kg/mm² [1] - The high-strength lithium battery copper foil has a tensile strength of ≥50 kg/mm² [1] - The product thickness ranges from 4.5μm to 12μm, including 4.5μm, 5μm, 6μm, 8μm, 10μm, and 12μm [1]

Core Viewpoint - Yihau New Materials (301176) reported an increase in revenue but a significant decline in profit for the first half of 2025, indicating potential operational challenges and financial instability [1]. Financial Performance - Total revenue reached 748 million yuan, a year-on-year increase of 9.67% [1]. - Net profit attributable to shareholders was -15.12 million yuan, a decrease of 600.38% compared to the previous year [1]. - The gross profit margin was 4.53%, down 2.17% year-on-year, while the net profit margin fell to -2.02%, a decline of 556.25% [1]. - Total expenses (selling, administrative, and financial) amounted to 22.95 million yuan, representing 3.07% of revenue, an increase of 38.3% year-on-year [1]. Cash Flow and Assets - Cash and cash equivalents decreased by 29.09% to 201 million yuan [1]. - Accounts receivable increased by 10.28% to 522 million yuan [1]. - Interest-bearing debt rose by 87.32% to 296 million yuan [1]. - Operating cash flow per share was -0.26 yuan, a decrease of 50.21% year-on-year [1]. Cost Structure and Expenses - Selling expenses increased by 58.03%, attributed to higher intermediary fees and business entertainment costs [2]. - Financial expenses surged by 165.33%, due to increased interest expenses on bank loans and reduced investment income [2]. Investment and R&D - R&D investment rose by 55.51%, indicating a focus on innovation despite financial losses [4]. - The company has faced challenges in generating positive returns on invested capital (ROIC), with a historical median ROIC of 7.63% and a particularly poor ROIC of -1.64% in 2024 [4]. Overall Assessment - The company's business model appears fragile, with two years of losses since its listing and a negative net profit in the latest report [4]. - Attention is needed on cash flow and financial expenses, as the average operating cash flow over the past three years has been negative [4].

Core Insights - The company Yihau New Materials (301176.SZ) reported a total operating revenue of 748 million yuan for the first half of 2025, marking an increase of 65.93 million yuan compared to the same period last year, representing a year-on-year growth of 9.67% [1] - The net profit attributable to shareholders was -15.12 million yuan, indicating a loss [1] - The net cash flow from operating activities was -44.15 million yuan [1] Financial Metrics - The latest debt-to-asset ratio stands at 42.11% [3] - The latest gross profit margin is 4.53% [3] - The return on equity (ROE) is -0.99% [3] - The diluted earnings per share (EPS) is -0.09 yuan [3] - The total asset turnover ratio is 0.30 times [3] - The inventory turnover ratio is 2.46 times [3] Shareholder Information - The number of shareholders is 24,000, with the top ten shareholders holding a total of 124 million shares, accounting for 73.57% of the total share capital [3] - The largest shareholder is Ganzhou Yihau Group Co., Ltd., holding 52 million shares [3] - Other significant shareholders include Hong Kong Yiyuan Co., Ltd. with 10.6 million shares and Ganzhou Development Investment Fund Management Co., Ltd. with 5.36 million shares [3]

Group 1 - The company Yihau New Materials (SZ 301176) announced the convening of its third board meeting on August 22, 2025, to review the agenda including the "2025 Semi-Annual Report" and its summary [1] - For the year 2024, the company's revenue composition is entirely from the manufacturing of computers, communications, and other electronic devices, accounting for 100.0% [1]

Group 1 - The company reported a revenue of 748 million yuan for the first half of 2025, representing a year-on-year growth of 9.67% [1] - The net loss attributable to shareholders of the listed company was 15.12 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 17.12 million yuan [1] - The basic loss per share was 0.0894 yuan [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Yihau New Materials in its semi-annual report, showing a revenue increase but a significant net loss [1] - The company's semi-annual operating revenue reached 747,848,480.05 yuan, representing a year-on-year increase of 9.67% [1] - The net profit attributable to shareholders of the listed company was -15,122,492.72 yuan, reflecting a year-on-year decrease of 600.38% [1] Group 2 - The report mentions the entry of new circulating shareholders, including Goldman Sachs International, UBSAG, Barclays Bank PLC, China International Capital Corporation, and others [1] - The presence of major financial institutions among the top shareholders indicates potential interest and investment in the company [1]