易成新能：上半年营收同比增长9.71%

Core Viewpoint - Yicheng New Energy reported significant improvement in performance for the first half of 2025, achieving operating revenue of 2.069 billion yuan, a year-on-year increase of 9.71%, and a reduced net loss of 170 million yuan compared to a loss of 443 million yuan in the same period last year [1][2] Group 1: Financial Performance - The company successfully divested its loss-making photovoltaic cell business, which significantly narrowed its losses [1] - Revenue growth was driven by increased income from other main business segments, including a substantial rise in revenue from negative electrode materials due to the full production of two projects [1] - The photovoltaic materials segment expanded its product range, leading to a 31.80% increase in revenue [1] Group 2: Business Strategy and Future Outlook - Yicheng New Energy focuses on high-end carbon materials and new energy storage, with a diversified industrial layout in the new energy and new materials sectors [2] - The acquisition of Meishan Lake Company has increased the company's graphite electrode production capacity to over 100,000 tons, enhancing market share and pricing power [2] - The company plans to leverage its core competencies and full industry chain advantages to enhance profitability and market competitiveness through increased R&D investment and technological innovation [2]