本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 5 月 21 日（周三）15:30-17:00。届时将在 线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资计划、股权激 励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资 者踊跃参与！ 特此公告！ 赣州逸豪新材料股份有限公司董事会 2025 年 5 月 12 日 赣州逸豪新材料股份有限公司 关于参加 2025 年江西辖区上市公司 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，赣州逸豪新材料股份有限公司（以下简 称"公司"）将参加由江西省上市公司协会举办的"2025 年江西辖区上市公司投 资者网上集体接待日活动"，现将相关事项公告如下： 证券代码：301176 证券简称：逸豪新材 公告编号：2025-022 ...

Group 1 - Shareholders of Alade (301419.SZ) plan to reduce their holdings by no more than 1.50% within three months after 15 trading days through centralized bidding and/or block trading [1] - Shareholders of Dawi Technology (600589.SH) intend to reduce their holdings by no more than 3% within three months after 15 trading days through centralized bidding and block trading [1] - Employees of Dingzhi Technology (873593.BJ) have completed a reduction of 0.6431% of their holdings through centralized bidding [1] Group 2 - Shareholders of Aerospace Software (688562.SH) plan to reduce their holdings by no more than 1.00% through centralized bidding [2] - Shareholders of Hongqiang Co., Ltd. (002809.SZ) have completed their reduction plans, with reductions of 1%, 0.132%, and 0.021% respectively [2] - Shareholders of Huachangda (300278.SZ) plan to reduce their holdings by no more than 0.703% within three months after 15 trading days through centralized bidding [2] Group 3 - Shareholders of Liancheng CNC (835368.BJ) plan to reduce their holdings by no more than 2% within three months after 15 trading days through centralized bidding and block trading [3] - Shareholders of Meidixi (688202.SH) intend to reduce their holdings by no more than 2.23% within three months after 15 trading days through centralized bidding or block trading [3] - Shareholders of Meixin Technology (301577.SZ) plan to reduce their holdings by no more than 2.5% through centralized bidding and block trading [3] Group 4 - Shareholders of Wanda Film (002739.SZ) have completed their reduction plan, with a total reduction of 63,353,361 shares, accounting for 3.00% of the total share capital [4] - Shareholders of Xinghua New Materials (301077.SZ) plan to reduce their holdings by no more than 3% within three months after three trading days through centralized bidding and block trading [4] - Shareholders of Yinbao Shanneng (002786.SZ) have completed their reduction plan, with a total reduction of 9,912,100 shares, accounting for 2.00% of the total share capital [4] Group 5 - Shareholders of Intercontinental Oil and Gas (600759.SH) have completed their reduction plan, with a total reduction of 124,499,600 shares, accounting for 3% of the total share capital [5]

证券代码：301176 证券简称：逸豪新材 公告编号：2025-021 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。 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"）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 10,773,089 股（占公司当前总 股本比例 6.51%）。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%。 注 1：公司"当前总股本"有效计算基数为 165,497,025 股，即目前总股本 169,066,667 股剔除公司最新披露的回购专用账户中的 3,569,642 股，下同； 注 2：逸源 ...

Group 1 - The company reported a revenue of 360 million yuan for Q1 2025, representing a year-on-year increase of 17.1% [1] - The company adheres to a vertically integrated development strategy, expanding copper foil production capacity and enhancing the output of ultra-thin and thick copper foils to strengthen its market share in high-end electronic circuit copper foils [1][2] - The company plans to diversify and innovate its PCB product structure, focusing on applications in industrial automation, smart terminals, Mini LED, smart home, 5G communication, and new energy smart vehicles [1] Group 2 - The company is one of the few in the industry with a vertically integrated PCB supply chain, mastering core technologies in electronic circuit copper foil, aluminum-based copper-clad laminates, and PCB production [2] - Future capacity release from the copper foil fundraising project is expected to improve product structure and increase the proportion of high-value-added copper foil products [2] - The company aims to optimize the structure of single-sided PCB products to enhance their gross margin, while the dual-layer PCB products are expected to see increased capacity utilization and profitability as application areas expand [2]

Financial Performance - The company's 2024 annual revenue reached 143,700.99 million yuan, representing a 12.55% increase compared to the previous year [2] - The net profit attributable to the parent company was a loss of 3,886.12 million yuan, with the loss amount increasing by 17.92% year-on-year [2] Industry Context - The domestic electrolytic copper foil production capacity expansion has slowed, but competition remains intense, leading to historically low processing fees [2] - The copper foil industry is experiencing overall losses, with a significant slowdown in capacity expansion and an expected gradual improvement in supply-demand relationships [7] Strategic Development - The company is focusing on vertical integration by expanding copper foil production capacity and enhancing the output of ultra-thin and thick copper foils [3] - Plans to increase production capacity for high-frequency and high-speed copper foils, as well as lithium battery copper foils, are underway [3] - The company aims to improve the utilization rate of PCB production and enhance the diversity and innovation of PCB product structures [3] Future Growth Drivers - The demand for consumer electronics is recovering, driven by the AI technology revolution and the expansion of data centers, leading to increased PCB demand [4] - The penetration rate of new energy vehicles continues to rise, increasing the value of PCBs used in vehicles [4] - The company plans to optimize single-sided PCB product structures and improve profitability through customer expansion and application field development [4] R&D Focus - Key R&D areas include ultra-thin and low-peak copper foil development, as well as advanced aluminum-based PCB technologies [5] Profitability Strategies - The company will enhance product quality and yield, adjust product structures to increase the proportion of high-value-added products, and leverage its vertical integration advantages [6] Market Outlook - The global PCB market is projected to reach $94.661 billion by 2029, with a compound annual growth rate of 4.8% from 2025 to 2029 [7] - The Chinese PCB market is expected to reach $50.804 billion by 2029 [7]

前十大流通股东累计持有： 1399.77万股，累计占流通股比： 24.84%，较上期变化： 4.23万股。 | 名称 持有数量(万股) | | 占总股本比 | 增减情况 | | --- | --- | --- | --- | | | | 例(%) | (万股) | | 赣州发展投资基金管理有限公司-赣州逸源股权投资基金合 | | | | | 伙企业(有限合伙) | 1077.31 | 19.12 | 不变 | | 国信证券-招商银行-国信证券逸豪新材（301176）员工参与 | | | | | 战略配售集合资产管理计划 | 113.72 | 2.02 | 不变 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | 42.99 | 0.76 | 6.62 | | 张向智 | 29.97 | 0.53 | 新进 | | 喻红明 | 26.80 | 0.48 | 新进 | | 北京信弘天禾资产管理中心(有限合伙)-信弘征程18号私募证 | | | | | 券投资基金 | 23.13 | 0.41 | 新进 | | 章永程 | 23.00 | 0.41 | 新进 | | 深圳财和 ...

Revenue and Profitability - The company's revenue for Q1 2025 was ¥360,159,178.39, representing a 17.10% increase compared to ¥307,552,799.57 in the same period last year[5] - The net loss attributable to shareholders was ¥1,540,124.11, an improvement of 15.49% from a loss of ¥1,822,501.71 in the previous year[5] - Total operating revenue for the current period reached ¥360,159,178.39, an increase of 17.1% compared to ¥307,552,799.57 in the previous period[20] - Net loss for the current period was ¥1,540,124.11, an improvement from a net loss of ¥1,822,501.71 in the previous period, indicating a reduction in losses by approximately 15.5%[22] - Basic and diluted earnings per share were both reported at -0.0091, an improvement from -0.0108 in the previous period[22] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 24.20%, amounting to -¥57,191,807.84, compared to -¥46,048,993.55 in Q1 2024[5] - Cash inflow from operating activities totaled ¥232,122,454.97, a decrease from ¥244,282,468.68 in the previous period, reflecting a decline of 5%[24] - The net cash flow from operating activities was -$57.19 million, compared to -$46.05 million in the previous period, indicating a decline in operational performance[25] - The ending cash and cash equivalents balance was $45.13 million, up from $164.65 million, indicating a substantial decrease in liquidity[25] - The company experienced a net increase in cash and cash equivalents of $15.10 million, contrasting with a decrease of $54.82 million in the prior period[25] Assets and Liabilities - The total assets at the end of Q1 2025 were ¥2,450,153,947.94, a 6.29% increase from ¥2,305,161,111.77 at the end of the previous year[5] - Current assets reached CNY 1,274,311,885.47, up from CNY 1,157,007,715.85, indicating an increase of about 10.1%[18] - Total liabilities rose to CNY 1,803,651,765.10 from CNY 1,698,407,293.05, reflecting an increase of about 6.2%[18] - The total liabilities increased to ¥915,218,007.69 from ¥764,081,007.63, marking a rise of 19.7%[19] - Total equity attributable to shareholders decreased slightly to ¥1,534,935,940.25 from ¥1,541,080,104.14, a decline of 0.4%[19] Research and Development - Research and development expenses increased by 71.50% to ¥11,643,897.72, up from ¥6,789,346.92 in the same quarter last year[10] - Research and development expenses increased to ¥11,643,897.72, compared to ¥6,789,346.92, representing a growth of 71.5%[21] Financing Activities - The net cash flow from financing activities increased by 91.02% to ¥126,298,253.90, compared to ¥66,119,029.57 in Q1 2024, mainly due to increased bank borrowings[11] - Cash inflow from financing activities increased to $153.85 million from $134.05 million, primarily due to an increase in borrowings which amounted to $149.97 million[25] - The net cash flow from financing activities was $126.30 million, significantly higher than $66.12 million in the previous period, showing improved financing conditions[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,474, with the largest shareholder holding 52.06% of the shares[12] - The company has a share repurchase account holding 3,569,642 shares, accounting for 2.1114% of the total share capital[16] Other Observations - The company reported a significant increase in other current assets by 449.43%, reaching ¥20,508,995.03, primarily due to increased deductible VAT input tax[9] - The company did not report any cash received from investment activities, highlighting a lack of investment recovery during the period[25] - The first quarter report was not audited, which may affect the reliability of the financial data presented[26]

Core Insights - Yihau New Materials (301176) reported an increase in revenue but a decrease in profit for the 2024 fiscal year, with total revenue reaching 1.437 billion yuan, up 12.55% year-on-year, while net profit was -38.86 million yuan, down 17.92% year-on-year [1][2] Financial Performance - Total revenue for 2024 was 1.437 billion yuan, a 12.55% increase from 1.277 billion yuan in 2023 [3] - Net profit for 2024 was -38.86 million yuan, compared to -32.96 million yuan in 2023, reflecting a 17.92% decline [3] - Gross margin decreased to 2.58%, down 10.93% year-on-year, while net margin was -2.7%, a decrease of 4.77% [3] - Total expenses (selling, administrative, and financial) amounted to 40.21 million yuan, accounting for 2.8% of revenue, an increase of 13.17% [3] Cash Flow and Debt - Cash and cash equivalents decreased by 62.59% to 104 million yuan, indicating potential liquidity issues [3] - Accounts receivable increased by 30.6% to 522 million yuan, suggesting a rise in credit sales [3] - Interest-bearing debt rose by 88.21% to 216 million yuan, indicating increased leverage [3] Business Model and Financing - The company has relied heavily on equity financing, with total financing of 1.009 billion yuan since its listing and only 18.6 million yuan in dividends paid, resulting in a dividend-to-financing ratio of 0.02 [4] - The business model primarily depends on stock financing, necessitating a thorough examination of the underlying drivers of this approach [4] Recommendations - Attention is advised on the company's cash flow situation, with a cash-to-current liabilities ratio of only 18.9% and a negative average operating cash flow over the past three years [5] - Monitoring of financial expenses is recommended, as the average net cash flow from operating activities has been negative for the past three years [5] - The status of accounts receivable should be closely observed, given the negative net profit reported [5]