Core Viewpoint - Yihau New Materials (301176.SZ) has completed the research and development project for easily peelable ultra-thin carrier copper foil and currently does not engage in substrate-like business [1] Group 1 - The company has successfully finished the R&D project for ultra-thin carrier copper foil [1] - The company is not involved in substrate-like business at this time [1]

Group 1 - The company has completed the research and development project for easily peelable ultra-thin carrier copper foil [1] - The company is currently not involved in the substrate business [1]

Market Overview - On September 24, the component sector declined by 3.54%, with Jingwang Electronics leading the drop [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Notable gainers in the component sector included: - Shangluo Electronics (300975) with a closing price of 13.57, up 6.68% and a trading volume of 959,100 shares [1] - Yuandiwei (832491) with a closing price of 35.04, up 6.25% and a trading volume of 103,300 shares [1] - Zhongying Technology (300936) with a closing price of 40.32, up 6.02% and a trading volume of 49,500 shares [1] - Major decliners included: - Jingwang Electronics (603228) with a closing price of 70.34, down 6.20% and a trading volume of 581,900 shares [2] - Huadian Co., Ltd. (002463) with a closing price of 74.45, down 4.43% and a trading volume of 597,100 shares [2] - Shengyi Technology (600183) with a closing price of 56.30, down 3.97% and a trading volume of 494,000 shares [2] Capital Flow - The component sector experienced a net outflow of 3.442 billion yuan from institutional investors, while retail investors saw a net inflow of 3.082 billion yuan [2] - Notable capital flows included: - Shangluo Electronics (300975) with a net inflow of 151 million yuan from institutional investors [3] - Pengding Holdings (002938) with a net inflow of 105 million yuan from institutional investors [3] - Super Sonic Electronics (000823) with a net inflow of 31.64 million yuan from institutional investors [3]

Core Viewpoint - The company has confirmed that its HVLP products have been validated by downstream customers, and the existing processes meet the performance indicators for HVLP3 [1] Group 1 - The company announced on September 23 that its HVLP products have passed validation by downstream clients [1] - The current manufacturing processes are capable of meeting the performance standards required for HVLP3 [1]

Group 1 - The company Yihau New Materials (301176) reported that as of September 19, 2025, the total number of shareholders is 17,219 [1]

Core Viewpoint - Yihau New Materials (300778.SZ) reported a revenue of 748 million yuan in the first half of 2025, marking a year-on-year increase of 9.67%, but faced a net loss attributable to shareholders of 15.12 million yuan, compared to a profit of 3.02 million yuan in the same period last year [1][2]. Financial Performance Summary - **Revenue**: The company achieved a revenue of 748,484,480.05 yuan in H1 2025, up 9.67% from 681,919,671.54 yuan in the same period last year [2]. - **Net Profit**: The net profit attributable to shareholders was -15,122,492.72 yuan, a significant decline of 600.38% from a profit of 3,022,213.11 yuan in the previous year [2]. - **Net Profit Excluding Non-Recurring Items**: The net profit excluding non-recurring items was -17,119,792.75 yuan, down 966.00% from 1,976,881.33 yuan in the same period last year [2]. - **Cash Flow**: The net cash flow from operating activities was -44,147,409.06 yuan, a decrease of 50.21% compared to -29,391,371.10 yuan in the same period last year [2]. Previous Year Comparison - **2024 Revenue**: In 2024, the company reported a revenue of 1.44 billion yuan, reflecting a year-on-year growth of 12.55% from 1.28 billion yuan in 2023 [3]. - **2024 Net Profit**: The net profit attributable to shareholders was -38.86 million yuan, a 17.92% increase in losses compared to -32.96 million yuan in 2023 [3]. - **2024 Cash Flow**: The net cash flow from operating activities was -183.27 million yuan, a drastic decline of 497.86% from -30.66 million yuan in 2023 [3]. Initial Public Offering Details - **IPO Fundraising**: Yihau New Materials raised a total of 1.01 billion yuan from its initial public offering, with a net amount of 903.45 million yuan after deducting issuance costs [4]. - **Use of Proceeds**: The funds raised are intended for a 10,000-ton high-precision electrolytic copper foil project, a research and development center, and to supplement working capital [4]. - **Issuance Costs**: The total issuance costs amounted to 105.88 million yuan, including underwriting fees of 80.75 million yuan [4]. Company Control - **Actual Controllers**: The actual controllers of Yihau New Materials are Zhang Jianmeng and Zhang Xincheng, with Zhang Jianmeng holding Chinese nationality and Zhang Xincheng holding Australian nationality [5].

Group 1 - The company, Yihau New Materials, has confirmed that its electronic circuit copper foil products include various thickness specifications ranging from 9μm to 210μm, with ongoing development of a 12oz ultra-thick copper foil [2] - The specific applications of the company's products in data center power supplies, such as UPS and HVDC power, will depend on the end-use applications determined by downstream customers [2]

Group 1 - The Chinese Ministry of Commerce announced a basic framework consensus with the U.S. to resolve the TikTok issue and promote economic cooperation [2] - Nvidia is under further investigation for violating China's antitrust laws related to its acquisition of Mellanox Technologies [3] - The State Administration of Foreign Exchange released new measures to facilitate foreign investment and improve cross-border financing [4] Group 2 - The National Bureau of Statistics reported that the real estate market is stabilizing, with a narrowing decline in sales and prices over the first eight months of the year [8] - Multiple automotive companies, including Dongfeng and BYD, have committed to a new payment standard to enhance collaboration within the industry [9] - The U.S. is pressuring allies to impose tariffs on China based on its purchase of Russian oil, which China strongly opposes [7] Group 3 - Elon Musk disclosed a $1 billion purchase of Tesla shares, boosting investor confidence and the company's stock price [13] - Recent rumors about the collapse of gold merchants in Shenzhen were found to be exaggerated, with many businesses still operating normally [14] - Several new energy vehicle companies, including Neta and WM Motor, are attempting to revive operations after previous shutdowns [15] Group 4 - The energy storage industry is experiencing significant growth due to favorable policies and increased demand [16] - The semiconductor market is seeing a new wave of price increases, benefiting several related stocks [16] - The A-share market showed mixed performance, with the Shanghai Composite Index closing at 3860.50 points, down 0.26% [16][17]

Group 1 - Yihau New Materials plans to reduce its shareholding by up to 1% of the company's total shares, amounting to 165,500 shares, due to personal funding needs [1] - Fuxing Pharmaceutical's subsidiary has received approval for a new indication for its drug, which is used in the treatment of certain types of breast cancer [1][2] - Shantui Co. has submitted its H-share issuance application to the China Securities Regulatory Commission, which has been accepted [3] Group 2 - Sierte's chairman plans to increase his shareholding by an amount between 3 million to 6 million yuan [4] - Borui Pharmaceutical's BGM0504 tablet has received approval for clinical trials in overweight and obese adults [5] - Ganyue Expressway reported vehicle toll service revenue of 349 million yuan for August [6] Group 3 - Chip Microelectronics has submitted its H-share issuance application to the China Securities Regulatory Commission, which has been accepted [7] - Lingrui Pharmaceutical's director plans to reduce his shareholding by up to 200,000 shares, representing 0.0353% of the total shares [8] - Jiahu Energy has adjusted its share repurchase price limit to 11.63 yuan per share [10] Group 4 - Spring Airlines reported a year-on-year increase of 12.23% in passenger turnover for August [11] - Kaida has received an invention patent for a self-calibrating sensor technology [12] - Chuanheng Co. has obtained a new utility model patent aimed at improving industrial waste utilization [14] Group 5 - Huashi Technology received a government subsidy of 2.21 million yuan, accounting for 22.71% of its latest audited net profit [15] - Shanghai Pharmaceuticals' controlling shareholder plans to increase its H-share holdings by up to 74 million shares [16] - Hongrun Construction has won a bid for a significant segment of the Shanghai Metro Line 21 project, valued at 126 million yuan [18] Group 6 - Sanfangxiang plans to invest 100 million yuan to establish a wholly-owned subsidiary focused on green technology [19] - Lao Fengxiang's subsidiaries plan to jointly invest in luxury goods sales and gold refining companies [20][21] - China Eastern Airlines reported an 8.72% year-on-year increase in passenger turnover for August [22] Group 7 - Inner Mongolia First Machinery has signed a railway freight car procurement contract worth 186 million yuan [22] - Jiuqiang Bio has received five invention patents related to diagnostic reagents [24] - Longmag Technology plans to invest 210 million yuan in its second phase project in Vietnam [25] Group 8 - Galaxy Magnetics plans to acquire 100% equity of Kyoto Longtai, with its stock suspended for trading [26] - Jinlong Co.'s controlling shareholder will have 30 million shares auctioned [27] - Haishi Co.'s controlling shareholder has released the pledge on 29.97 million shares [28] Group 9 - Qiu Tianwei plans to reduce its shareholding by up to 1.17% of the total shares [29] - Xiaocheng Technology's directors plan to reduce their shareholding by a total of 0.08% [30] - Victory Co. reported that Sunshine Life Insurance has reduced its shareholding by 4.4 million shares [31] Group 10 - Xindong Technology plans to distribute a cash dividend of 0.156 yuan per share [32] - Huaqin Technology plans to distribute a cash dividend of 0.13 yuan per share [33] - Kexing Pharmaceutical's controlling shareholder intends to transfer 5% of the company's shares [35] Group 11 - Guojin Securities has completed the repayment of its second short-term financing bond for 1.0205 billion yuan [38] - Chunhui Intelligent Control's application for asset acquisition has been accepted by the Shenzhen Stock Exchange [39] - Chaohongji has submitted its H-share issuance application to the Hong Kong Stock Exchange [40] Group 12 - Tianyue Advanced has fully exercised its over-allotment option, involving 716,180 H-shares [40] - Chengfeng Technology's vice president has resigned due to internal adjustments [41] - Yingpais plans to establish a 100 million yuan technology sports industry investment fund [43]

Core Points - Yihau New Materials (301176) announced on September 15 that Ganzhou Yiyuan Equity Investment Fund Partnership (Limited Partnership), holding 5.51% of the shares, plans to reduce its stake by up to 1% of the total share capital through centralized bidding, which amounts to a maximum of 1.655 million shares [1] Summary by Category - **Company Announcement** - Yihau New Materials disclosed that the Yiyuan Fund intends to sell up to 1.655 million shares, representing no more than 1% of the company's current total share capital [1] - **Shareholder Information** - The Yiyuan Fund currently holds 5.51% of Yihau New Materials' shares and is planning to execute the reduction through centralized bidding [1]