Core Viewpoint - Yihau New Materials (301176.SZ) reported a revenue of 1.218 billion yuan for the first three quarters of 2025, marking an 18.26% year-on-year increase, but faced a net loss attributable to shareholders of 19.36 million yuan, compared to a loss of 14.19 million yuan in the same period last year [1] Financial Performance Summary - The company achieved total operating revenue of 1.218 billion yuan, reflecting a year-on-year growth of 18.26% [1] - The net profit attributable to shareholders was -19.36 million yuan, worsening from -14.19 million yuan in the previous year [1] - The net profit after deducting non-recurring gains and losses was -22.13 million yuan, compared to -15.50 million yuan in the same period last year [1] - The net cash flow from operating activities was -127 million yuan, an improvement from -171 million yuan year-on-year [1] Yearly Comparison - In 2024, the company reported an operating revenue of 1.437 billion yuan, a 12.55% increase from 1.277 billion yuan in 2023 [2] - The net profit attributable to shareholders for 2024 was -38.86 million yuan, compared to -32.96 million yuan in 2023, indicating a 17.92% decline [2] - The net profit after excluding non-recurring items was -40.51 million yuan, a decrease of 12.71% from -35.94 million yuan in the previous year [2] - The net cash flow from operating activities for 2024 was -183 million yuan, significantly worse than -30.66 million yuan in 2023, representing a 497.86% decline [2] Initial Public Offering (IPO) Details - Yihau New Materials raised a total of 1.009 billion yuan from its IPO, with a net amount of 903.45 million yuan after deducting issuance costs [4] - The actual fundraising exceeded the initial target by 157.30 million yuan, which was originally set at 746.15 million yuan for various projects including a high-precision electrolytic copper foil project and a research and development center [4] - The total issuance costs amounted to 105.88 million yuan, including underwriting fees of 80.75 million yuan [4]