公司首次上市发行费用合计10,750.27万元，其中保荐、承销费用8,773.58万元。保荐机构中信建投 证券控制下的相关子公司中信建投投资有限公司的最终跟投数量为1,963,672股，跟投比例占首次公开发 行股票数量的比例为4.10%。 天宜新材2022年10月28日披露的2022年度向特定对象发行A股股票上市公告书显示，公司向特定对 象发行111,438,808股，发行价格为20.81元/股，募集资金总额为2,319,041,594.48元，扣除发行费用后的 募集资金2,296,586,846.24元。公司本次的保荐机构为中信证券股份有限公司，保荐代表人为李宁、王泽 师。 公司本次发行对象不包含发行人和主承销商的控股股东、实际控制人、董事、监事、高级管理人员 及其控制或者施加重大影响的关联方。天宜新材本次募集资金用于高性能碳陶制动盘产业化建设项目、 天宜新材预计2025年前三季度实现归属于上市公司股东的净利润为-42,000.00万元到-32,000.00万 元，与上年同期（法定披露数据）相比，预计将减亏16,720.19万元到26,720.19万元，同比减亏28.47% 到45.50%。 天宜新材预计2 ...

Group 1: Performance Overview - The company's performance in the first half of 2025 showed a reduction in losses compared to the same period last year, primarily due to orderly execution of operational plans [2] - Cost reduction and efficiency improvements contributed to a decrease in raw material costs, which positively impacted the overall gross profit margin of the company's products [2] Group 2: Investor Engagement - The investor relations activity was conducted through an online earnings briefing on September 3, 2025, with participation from key company executives including the Chairman and General Manager [2] - The engagement aimed to address investor inquiries regarding the company's financial performance and operational strategies [2]

Core Viewpoint - The company, Baiotai, expects to reduce its losses in the first half of 2025, projecting a net profit attributable to the parent company owner between -110 million to -140 million yuan, which is a decrease in losses compared to the previous year [1] Financial Performance - The anticipated net profit attributable to the parent company, excluding non-recurring gains and losses, is projected to be between -160 million to -190 million yuan, indicating a reduction in losses by 80.33 million to 110 million yuan [1] - The company's performance for the reporting period is expected to show a significant improvement compared to the same period last year, with a reduction in losses [1]

1. 公司研究丨点评报告丨吉祥航空（603885.SH） 丨证券研究报告丨 请阅读最后评级说明和重要声明 [Table_Title] 财务费用减负落地，Q4 业绩实现减亏 报告要点 [Table_Summary] 吉祥航空发布 2024 年年报，2024 年全年公司实现营业收入 220.9 亿元，同比增加 9.95%，实 现归属净利润 9.14 亿元，同比增加 17.52%；其中，2024Q4 公司实现营业收入 46.0 亿元，同 比增加 9.2%，实现归属净利润-3.6 亿元，同比减亏 0.19 亿元。 分析师及联系人 [Table_Author] 韩轶超 赵超 张银晗 SAC：S0490512020001 SAC：S0490520020001 SAC：S0490520080027 SFC：BQK468 %% %% %% %% research.95579.com 1 吉祥航空（603885.SH） cjzqdt11111 [Table_Title2] 财务费用减负落地，Q4 业绩实现减亏 [Table_Summary2] 事件描述 吉祥航空发布 2024 年年报，2024 年全年公司实现营业收入 220. ...