Zhong Guo Jing Ji Wang·2025-09-19 03:37Core 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].