Yinbang Clad Material

Yinbang Clad Material released its 2026 semi-annual report, achieving operating revenue of 4.27 billion yuan, up 49.1% year on year. Net profit attributable to shareholders of the listed company was 88.538 million yuan, up 95.08% year on year. The profit growth was mainly due to higher sales volume driving higher sales revenue. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserve into share capital. Notably, the company's second-quarter net profit was 34 million yuan, compared with 55 million yuan in the first quarter, implying a quarter-on-quarter decline of 38% in second-quarter net profit.

Yinbang Shares has recently received approval from the National Association of Financial Market Institutional Investors to register 400 million yuan in sci-tech innovation bonds. The registration quota is valid for two years from the date of the notice, with Bank of Shanghai acting as lead underwriter, and the company may issue in tranches within the validity period. The company must strictly comply with debt financing instrument issuance regulations and disclose issuance results and use of proceeds as required. This registration marks a key step forward in the financing matter previously approved by the company's board of directors and extraordinary general meeting.