Yihao New Materials: It is expected that the net profit will be negative in 2025.

Yihao New Materials announced that it is expected to have a net loss attributable to shareholders of the listed company of -61 million to -51 million yuan in 2025, with a net loss after deducting non-recurring gains and losses of -65 million to -55 million yuan. The main reasons for the performance change during this reporting period are as follows: 1. Due to the continuous release of new production capacity in the copper foil industry and increased competition, although there are signs of a rebound in copper foil processing fees, they are still at a low level. During the reporting period, the company actively promoted the construction of investment projects, increased research and development investment, continuously enriched product variety and optimized product structure. The gross profit margin of copper foil has increased to a certain extent but is still low; the capacity utilization rate of the company's PCB has increased slowly, and although the gross profit margin has improved, it is still in a loss-making state, affecting the company's performance. 2. During the reporting period, the company's new production capacity was gradually released, with corresponding increases in product sales revenue and accounts receivable. Also, the production costs before production were relatively high, and the company made asset impairment provisions in accordance with relevant regulations such as the "Enterprise Accounting Standards", which had a corresponding impact on the company's performance.