Research Powder Material: Net profit in the first half of 2025 increased by 21.68% year-on-year.

Announcement from Youyan Powder Materials: In the first half of 2025, the operating income was 1.79 billion yuan, an increase of 18.29% year-on-year. Net profit was 35.76 million yuan, an increase of 21.68% year-on-year. Basic earnings per share was 0.34 yuan per share, an increase of 21.43% year-on-year.