格隆汇9月5日丨法拉电子(600563.SH)在互动平台表示，公司薄膜电容器已广泛应用于AI硬件终端产 品、数据中心和服务器电源等各类场景。 ...

从基金十大重仓股角度 数据显示，东方阿尔法基金旗下1只基金重仓法拉电子。东方阿尔法产业先锋混合A（011704）二季度 持有股数44万股，与上期相比持股数量不变，占基金净值比例为6.23%，位居第十大重仓股。根据测 算，今日浮亏损失约66万元。连续3天下跌期间浮亏损失277.2万元。 东方阿尔法产业先锋混合A（011704）成立日期2021年7月21日，最新规模5.89亿。今年以来收益 27.57%，同类排名2545/8180；近一年收益46.09%，同类排名2893/7967；成立以来亏损42.72%。 东方阿尔法产业先锋混合A（011704）基金经理为周谧、尹智斌。 9月3日，法拉电子跌1.27%，截至发稿，报116.65元/股，成交4.29亿元，换手率1.63%，总市值262.46亿 元。法拉电子股价已经连续3天下跌，区间累计跌幅5.13%。 截至发稿，周谧累计任职时间7年185天，现任基金资产总规模15.63亿元，任职期间最佳基金回报 111.89%， 任职期间最差基金回报5.9%。 资料显示，厦门法拉电子股份有限公司位于福建省厦门市海沧区新园路99号，成立日期1998年12月12 日，上市日期200 ...

Group 1 - The core viewpoint of the articles highlights the financial performance and market activity of Xiamen Farah Electronics Co., Ltd. as of August 25, 2025, showing a slight increase in stock price and notable revenue growth [1][3] - The company's total operating revenue for the first half of 2025 reached 2.499 billion yuan, representing a year-on-year growth of 18.05%, while the net profit attributable to shareholders was 569 million yuan, also up by 18.15% [1] - The company has a current ratio of 2.126, a quick ratio of 1.723, and a debt-to-asset ratio of 31.79%, indicating a strong liquidity position and manageable debt levels [1] Group 2 - Xiamen Farah Electronics has made investments in five companies and participated in 119 bidding projects, showcasing its active engagement in the market [2] - The company holds 7 trademark registrations and 227 patents, reflecting its commitment to innovation and intellectual property development [2] - Additionally, the company possesses 34 administrative licenses, which may facilitate its operational capabilities [2]

Investment Rating - The report maintains a "Recommended" rating for the automotive industry [4]. Core Insights - The automotive market in July showed strong terminal demand despite entering the traditional off-season, with a year-on-year increase in sales [9][10]. - The penetration rate of new energy vehicles (NEVs) in domestic passenger cars has reached a historical high, indicating a positive trend for future growth [9][10]. Summary by Sections 1. Biweekly Update - In July, the automotive production was 2.591 million units, a year-on-year increase of 13.3%, while sales were 2.593 million units, up 14.7% year-on-year [9]. - Domestic sales of passenger cars reached 2.018 million units, with a year-on-year increase of 12.6% [9]. - The NEV penetration rate in July was 54.5%, reflecting a recovery to levels seen in September-October 2024 [10]. 2. Market Review - The automotive sector's performance was ranked 10th among 30 industries, with a biweekly increase of 5.64% [11]. - The best-performing sub-sectors included motorcycles and others, with a biweekly increase of 16.76% [11][15]. 3. Industry News - The report highlights the reintroduction of vehicle replacement subsidies in regions like Gansu and Guangxi, which is expected to support domestic demand [9]. - The report anticipates continued growth in NEV sales, driven by new model launches and a weakening sales momentum for fuel vehicles [10]. 4. Investment Recommendations - Recommended stocks include BYD and Li Auto for complete vehicles, and Huayu Automotive and Bertel for components [6]. - The report also suggests investing in companies involved in the human-robot industry chain, such as Top Group and Sutech [6].

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][7] Core Views - The company reported a revenue of 2.499 billion yuan in the first half of 2025, representing a year-over-year growth of 18.05%, and a net profit attributable to shareholders of 569 million yuan, also up 18.15% year-over-year [5] - The company is benefiting from the growth in the new energy vehicle and energy storage sectors, with a focus on enhancing market competitiveness through innovation and cost reduction [5] - The company has a complete product range in film capacitors, which positions it well to meet the demands of various industries, including renewable energy [6] Financial Performance Summary - Revenue projections for the company are as follows: 3.88 billion yuan for 2023, 4.77 billion yuan for 2024, 5.86 billion yuan for 2025, 6.82 billion yuan for 2026, and 7.82 billion yuan for 2027, with growth rates of 1%, 23%, 23%, 16%, and 15% respectively [3] - The net profit attributable to shareholders is projected to be 1.024 billion yuan for 2023, 1.039 billion yuan for 2024, 1.327 billion yuan for 2025, 1.673 billion yuan for 2026, and 1.915 billion yuan for 2027 [3] - The company’s P/E ratios are projected to be 25.9 for 2023, 25.5 for 2024, 20.0 for 2025, 15.9 for 2026, and 13.9 for 2027 [3] Market Position and Strategy - The company is actively expanding its market presence and focusing on high-end clients in the new energy sector, which has led to increased sales and market share [5] - The company has successfully developed a supply chain for metallized film materials and busbars, allowing it to keep pace with market demands and innovate its product offerings [6] - The company has secured its first batch application project order for dry capacitors in the national flexible direct current project, marking a significant milestone in its growth strategy [6]

民生证券8月18日发布研报称，给予法拉电子（600563.SH）推荐评级。评级理由主要包括：1）2025Q2 盈利能力改善明显；2）公司坚持产品研发投入；3）特高压柔直薄膜电容领域突破。风险提示：原材料 价格波动风险；汇率变动风险。 （文章来源：每日经济新闻） ...

Investment Rating - The report maintains a "Recommended" rating for the company [4][6]. Core Insights - The company has shown significant improvement in profitability and cash flow in Q2 2025, with a revenue of 1.296 billion yuan, a year-on-year increase of 13.96% and a quarter-on-quarter increase of 7.65% [1]. - The company focuses on R&D investments in emerging fields such as new energy vehicles, photovoltaics, energy storage, and industrial control, with R&D expenses totaling 89.38 million yuan, accounting for 3.58% of sales revenue in the first half of 2025 [2]. - The company has made breakthroughs in the ultra-high voltage flexible direct current film capacitor field, securing the first batch application project order for domestic dry capacitors [3]. Financial Performance Summary - In H1 2025, the company achieved a total revenue of 2.499 billion yuan, a year-on-year increase of 18.05%, and a net profit attributable to shareholders of 569 million yuan, also up 18.15% year-on-year [1]. - The company’s gross margin improved to 34.7% in Q2 2025, reflecting a quarter-on-quarter increase of 3.43 percentage points [1]. - The projected revenues for 2025-2027 are 6.038 billion, 7.569 billion, and 9.370 billion yuan, with corresponding growth rates of 26.5%, 25.3%, and 23.8% respectively [4][5]. Earnings Forecast - The forecasted net profit attributable to shareholders for 2025-2027 is 1.409 billion, 1.763 billion, and 2.156 billion yuan, with growth rates of 35.6%, 25.1%, and 22.3% respectively [5][11]. - The projected earnings per share for the same period are 6.26, 7.84, and 9.58 yuan, with corresponding price-to-earnings ratios of 19x, 15x, and 12x [4][5].

Group 1 - The core viewpoint of the article highlights that Farah Electronics (600563.SH) reported a revenue of 2.499 billion yuan for the first half of 2025, representing a year-on-year growth of 18.05% [1] - The net profit attributable to shareholders of the listed company reached 569 million yuan, showing a year-on-year increase of 18.15% [1]

2025年8月16日，法拉电子(600563.SH)发布2025年中报。 公司营业总收入为24.99亿元，较去年同报告期营业总收入增加3.82亿元，实现5年连续上涨，同比较去 年同期上涨18.05%。归母净利润为5.69亿元，较去年同报告期归母净利润增加8748.16万元，同比较去 年同期上涨18.15%。经营活动现金净流入为8.60亿元，较去年同报告期经营活动现金净流入增加1.97亿 元，实现5年连续上涨，同比较去年同期上涨29.65%。 公司最新资产负债率为31.79%。 公司最新毛利率为33.08%，较上季度毛利率增加1.78个百分点。最新ROE为10.53%，较去年同期ROE增 加0.34个百分点。 公司摊薄每股收益为2.53元，较去年同报告期摊薄每股收益增加0.39元，同比较去年同期上涨18.22%。 公司最新总资产周转率为0.32次。最新存货周转率为1.93次。 公司股东户数为1.77万户，前十大股东持股数量为1.36亿股，占总股本比例为60.65%。 ...

法拉电子 20250816 摘要 2025 年上半年，法拉电子汽车业务收入占比 56%，光储业务占比 22%。汽车领域占比环比下降，光伏领域占比环比提升。风电同比增长 67%，工业控制增长约 16-17%，汽车领域增速超过 30%。 二季度毛利率提升主要归因于高毛利业务（如工业控制、光伏储能）占 比增加，以及自制比例提高、材料价格下降和生产效率提升等成本端改 善。 汽车业务预计下半年增速高于上半年，7 月份交货量环比增加明显。目 前法拉电子在全球汽车市场份额约为 30%-40%。 2025 年上半年汽车价格整体稳定，正常降幅在 3%-5%之间。二季度汽 车行业毛利率环比提升约 3-4 个百分点，主要受益于结构变化和汽车领 域毛利率优化。 原材料筋膜降价贡献主要集中在下半年，预计将有一定降价幅度。工业 领域增速加快主要来自服务器电源需求增长。 公司获得国内柔直工程干式电容器国产化首个批量应用项目订单，金额 几千万元，总体国产化率为 30%，约一个多亿。柔直工程每年薄膜电容 器需求约 8-10 亿元。 预计 2025 年第三、四季度毛利率将稳中向好，受益于成本端改善。全 年管理费用率预计会有所提升。公司积极进行海 ...