有研新材H1营收40.96亿元，净利润同比增长218.47%

Core Viewpoint - The company reported a decline in revenue primarily due to decreased sales in rare earth materials and platinum group products, with rare earth materials revenue down 12% and platinum group products down 24% [1] Group 1: Financial Performance - For the first half of 2025, the company achieved revenue of 4.096 billion yuan, a year-on-year decrease of 9.76% [1] - The net profit attributable to shareholders was 130 million yuan, representing a year-on-year increase of 218.47% [1] - The net profit excluding non-recurring gains and losses was 122 million yuan, up 327.61% year-on-year [1] Group 2: Strategic Developments - The company is steadily advancing its strategic planning, with significant results in product industrial layout [1] - In the electrical segment, the expansion project for target materials is progressing smoothly, and automation equipment is being introduced in the Shandong Dezhou project to enhance production efficiency and quality consistency [1] - The company has completed the full-process transition for copper-based targets, cobalt targets, anodes, and tantalum targets, rapidly increasing the production capacity of 12-inch high-end target materials [1] Group 3: Product Development and Innovation - In the electrical segment, the company is enhancing the technology for 12-inch target materials used in advanced integrated circuits, achieving batch applications with several advanced logic and storage customers [3] - The company has made technological breakthroughs in 12-inch high-purity tantalum targets, which are now being applied in advanced packaging TSV fields and maintaining stable supply in copper interconnects [3] - In the optical segment, the company has successfully developed automated precision grinding technology for zinc sulfide small caps, increasing production capacity by over 20% [3]