Yitong New Materials disclosed its 2026 third-quarter report. In the first three quarters, net profit attributable to shareholders of the listed company reached 56.8501 million yuan, up 25.06% year-on-year; operating revenue was 791 million yuan, up 48.69% year-on-year; net profit after deducting non-recurring gains and losses was 53.9486 million yuan, up 21.65% year-on-year. The company's main business activities are the R&D, production and sales of forgings and atomized metal powders. On a quarterly basis, third-quarter operating revenue was 279 million yuan, up 29.15% year-on-year; net profit attributable to parent company was 24.5360 million yuan, up 34.77% year-on-year; net profit after deducting non-recurring gains and losses was 24.5053 million yuan, up 39.35% year-on-year. In the first three quarters, the weighted average return on equity was 5.97%, up 0.92 percentage points year-on-year; net cash flow from operating activities was -29.1316 million yuan, an increase of 52.7816 million yuan year-on-year. On the asset side, fixed assets increased 21.85% from the end of the previous year, while construction in progress decreased 57.59% from the end of the previous year, indicating that capacity construction is gradually being transferred to fixed assets. Atomized metal powder is one of the core raw materials for metal additive manufacturing (3D printing). Yitong New Materials' dual growth in revenue and profit and the accelerated transfer of capacity to fixed assets reflect continued growth in downstream powder demand, which is positive for the stable supply of the metal additive manufacturing powder supply chain and provides a reference for powder buyers evaluating suppliers' capacity and delivery capabilities. Value to powder buyers: ① Monitor the pace of fixed asset transfer and capacity release to assess the supply stability and delivery assurance of atomized metal powders; ② Combine high revenue growth with cash flow improvement to judge supplier operational resilience and optimize long-term procurement agreements and inventory strategies; ③ Track powder category and batch consistency performance, and include the company in qualified supplier benchmarking and diversified procurement portfolios for metal 3D printing powders.