证券代码：600563 证券简称：法拉电子 编号：2025-020 厦门法拉电子股份有限公司 第九届董事会 2025 年第四次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 与会董事经过认真审议，以同意 9 票，反对 0 票，弃权 0 票，一致通过 了以下决议： （一）《2025 年三季度报告》 审议并通过了《2025 年三季度报告》及其摘要。 一、 董事会会议召开情况 （一）本次董事会会议的召开符合《公司法》等有关法律、法规、规章以及 《公司章程》的有关规定。 （二）厦门法拉电子股份有限公司（以下简称"公司"）于 2025 年 10 月 20 日以专人送达、传真或邮件的方式向全体董事发出关于召开公司第九届 2025 年 第四次董事会会议的通知。 （三）本次董事会会议于 2025 年 10 月 30 日以现场结合通讯方式召开。 （四）本次董事会会议应到董事 9 人，实到董事 9 人，公司监事及高管人员 列席了会议。 （五）本次董事会会议的主持人为卢慧雄先生。 二、 董事会会议审议情况 本议案已经公司第九届董事会审 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥1,444,967,988.51, representing a year-on-year increase of 9.31%[4] - Total profit for the quarter was ¥368,187,375.93, reflecting a growth of 9.04% compared to the same period last year[4] - Net profit attributable to shareholders was ¥318,272,254.44, an increase of 8.69% year-on-year[4] - The basic earnings per share for the quarter stood at ¥1.41, up by 8.46% from the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥3,944,274,904.09, an increase of 14.7% compared to ¥3,439,073,688.39 in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was ¥1,021,026,993.11, up from ¥893,191,608.00 in 2024, reflecting a growth of 14.3%[19] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was ¥887,693,879.97, compared to ¥774,767,524.51 in 2024, representing an increase of 14.6%[20] - Earnings per share for the first three quarters of 2025 was ¥3.95, up from ¥3.44 in the same period of 2024[20] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥8,361,532,519.76, marking a 6.96% increase from the end of the previous year[5] - Total current assets as of September 30, 2025, amounted to CNY 5,182,932,163.60, a decrease from CNY 5,319,265,734.02 as of December 31, 2024, reflecting a decline of approximately 2.57%[15] - Total non-current assets as of September 30, 2025, were CNY 3,178,600,356.16, up from CNY 2,498,485,615.82, reflecting an increase of about 27.27%[16] - Total liabilities as of the end of the reporting period were ¥2,580,291,234.68, up from ¥2,469,460,524.28 in the previous year, marking an increase of 4.5%[17] - Total current liabilities amounted to CNY 2,334,477,119.40, a slight increase from CNY 2,266,158,040.82, representing an increase of about 3.01%[16] Shareholder Information - The company had a total of 20,896 common shareholders at the end of the reporting period[10] - The largest shareholder, Xiamen Fala Development Co., Ltd., holds 37.33% of the shares, totaling 84,000,000 shares[10] - Total equity attributable to shareholders of the parent company was ¥5,726,345,906.08, compared to ¥5,288,328,855.22 in 2024, reflecting a growth of 8.3%[17] Cash Flow - The cash flow from operating activities for the year-to-date was ¥1,068,302,235.97, showing an increase of 11.97%[5] - Cash flow from operating activities for the first three quarters of 2025 was ¥1,068,302,235.97, compared to ¥954,131,644.93 in 2024, indicating an increase of 11.9%[22] - The net cash flow from investing activities was -$660.63 million, compared to -$97.11 million in the previous period, indicating a significant increase in cash outflow[23] - Total cash and cash equivalents at the end of the period amounted to $294.12 million, down from $999.47 million at the end of the previous period[23] - Cash flow from financing activities resulted in a net outflow of -$456.14 million, slightly higher than the previous period's outflow of -$449.75 million[23] Investment and Expenses - Research and development expenses for the first three quarters of 2025 were ¥141,812,101.11, an increase from ¥122,026,246.42 in 2024, indicating a growth of 16.3%[19] - The company reported a total investment cash outflow of $4.01 billion, compared to $1.37 billion in the previous period, reflecting increased investment activities[23] - The company distributed dividends and interest payments totaling $456.14 million, slightly up from $450.25 million in the previous period[23] Other Financial Information - Non-recurring gains and losses for the quarter totaled ¥6,942,973.40, with a year-to-date total of ¥20,720,972.34[8] - Other comprehensive income after tax for the first three quarters of 2025 was ¥323,170.89, compared to ¥189,516.65 in 2024, showing an increase of 70.4%[20] - The impact of exchange rate changes on cash and cash equivalents was a positive $15.52 million, contrasting with a negative impact of -$1.03 million in the previous period[23] - The company is set to implement new accounting standards starting in 2025, which may affect future financial reporting[24]

Robotics - Dongfang Electric Heat has sent samples of electronic skin to leading robotics companies [1] - Hongjing Optoelectronics has initiated research and development on humanoid robots and has sent samples [1] - Baolong Technology plans to gradually invest resources to expand its business in the robotics field [1] Deep Earth Economy - Boying Special Welding's anti-corrosion and anti-wear welding technology can be applied to oil pipelines in deep earth oil and gas transportation [1] - Baotailong's coal and graphite resources are currently not classified under the "deep earth economy" category [1] Consumer Electronics - Longli Technology's LIPO technology products have achieved mass production in projects such as wristbands and mobile phones [1] Charging and Swapping - Green Energy Smart Charging has technical and business cooperation with CATL in the charging and swapping business [1] - Dazhong Transportation has not yet engaged in the charging and swapping business [1] Other Developments - Huagong Technology has seen bulk shipments of 400G/800G optical modules from overseas equipment and channel vendors [1] - Lingyi Zhi Zao has made bulk shipments of cooling modules for international clients such as AMD [1] - Farah Electronics' capacitors are used in ultra-high voltage transmission and transformation applications [1] - Huate Gas has supplied a small quantity of electronic specialty gases to Xinkai, with a minor business proportion [1] - Benchuan Intelligent's high-end PCB products have achieved small batch applications in CPO-related projects [1] - Fangda Special Steel has not yet collaborated with Huawei on "digital twin" projects related to blast furnaces [1] - Hengdian East Magnetic focuses its energy storage business on household storage, with a small portion of shipments in the European market [1] - Siwei Tuxin and Jianzhizhi Robot have collectively secured 5.85 million sets of intelligent driving solutions from 2024 to the first half of 2025 [1] - iFlytek maintains a good cooperation with Moore Threads in the field of artificial intelligence [1]

Group 1 - The company confirmed that its capacitors are used in ultra-high voltage transmission and transformation applications [2] - The company did not disclose the revenue proportion of capacitors used in ultra-high voltage applications [2]

Core Points - The stock price of Fala Electronics dropped by 2.02% on October 22, reaching 120.10 CNY per share with a trading volume of 145 million CNY and a turnover rate of 0.53% [1] - The company has a total market capitalization of 27.023 billion CNY and has seen a year-to-date stock price increase of 2.72% [1] - Fala Electronics specializes in the research, production, and sales of film capacitors, with 94.28% of its revenue coming from capacitors [1] Financial Performance - For the first half of 2025, Fala Electronics reported a revenue of 2.499 billion CNY, representing an 18.05% year-on-year growth, and a net profit attributable to shareholders of 569 million CNY, up 18.15% year-on-year [2] - The company has distributed a total of 4.38 billion CNY in dividends since its A-share listing, with 1.305 billion CNY distributed in the last three years [2] Shareholder Structure - As of June 30, 2025, the number of shareholders for Fala Electronics was 17,700, a decrease of 11.03% from the previous period [2] - The largest shareholder, Hong Kong Central Clearing Limited, holds 15.8777 million shares, a decrease of 2.386 million shares from the previous period [2]

Core Viewpoint - Farah Electronics experienced a 5.09% increase in stock price, reaching 128.74 CNY per share, with a total market capitalization of 28.967 billion CNY as of October 16 [1] Company Overview - Farah Electronics, established on December 12, 1998, and listed on December 10, 2002, is located in Xiamen, Fujian Province. The company specializes in the research, production, and sales of film capacitors [1] - The revenue composition of the company is as follows: capacitors account for 94.28%, other supplementary products for 2.90%, and transformers for 2.82% [1] Fund Holdings - The Hongyi Yuanfang Fund has a significant holding in Farah Electronics, with the Hongyi Yuanfang Jiuying Mixed A Fund (013694) holding 1,800 shares, representing 0.46% of the fund's net value, making it the fourth-largest holding [2] - The fund has generated an estimated floating profit of approximately 11,200 CNY from this investment [2] Fund Manager Performance - The fund managers of Hongyi Yuanfang Jiuying Mixed A are Ma Jia and Wu Yin. Ma Jia has a tenure of 3 years and 42 days, managing a total asset size of 336 million CNY, with the best fund return during this period being 26.7% and the worst being 3.17% [3] - Wu Yin has a tenure of 2 years and 42 days, managing assets totaling 108 million CNY, with the best return of 3.6% and the worst return of 1.98% during his tenure [3]

Group 1 - The core point of the news is that Farah Electronics has experienced a decline in stock price, dropping 3.88% to 121.01 CNY per share, with a total market capitalization of 27.227 billion CNY and a cumulative drop of 6.4% over three consecutive days [1] - Farah Electronics, established on December 12, 1998, and listed on December 10, 2002, specializes in the research, production, and sales of film capacitors, with 94.28% of its revenue coming from capacitors [1] - The trading volume for Farah Electronics reached 523 million CNY, with a turnover rate of 1.89% [1] Group 2 - The Oriental Alpha Fund has a significant holding in Farah Electronics, with 440,000 shares held in its Oriental Alpha Industry Pioneer Mixed A fund, accounting for 6.23% of the fund's net value [2] - The fund has incurred a floating loss of approximately 2.1516 million CNY today and a total floating loss of 3.6388 million CNY during the three-day decline [2] - The Oriental Alpha Industry Pioneer Mixed A fund has a total scale of 589 million CNY, with a year-to-date return of 38.02% and a one-year return of 32.5% [2]

Market Overview - On September 25, the component sector declined by 1.11%, with Jingsai Technology leading the drop [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Notable gainers in the component sector included: - Fala Electronics (Code: 600563) with a closing price of 125.08, up 4.50% and a trading volume of 66,500 shares, totaling 822 million yuan [1] - Zhongfu Circuit (Code: 300814) with a closing price of 53.09, up 3.75% and a trading volume of 157,000 shares, totaling 825 million yuan [1] - Major decliners included: - Jingsai Technology (Code: 871981) with a closing price of 39.02, down 5.25% and a trading volume of 30,300 shares, totaling 120 million yuan [2] - Jingwang Electronics (Code: 603228) with a closing price of 67.80, down 3.61% and a trading volume of 372,500 shares, totaling 2537 million yuan [2] Capital Flow - The component sector experienced a net outflow of 2.997 billion yuan from institutional investors, while retail investors saw a net inflow of 2.282 billion yuan [2] - Notable capital flows included: - Shunluo Electronics (Code: 002138) with a net inflow of 12.6 million yuan from institutional investors, but a net outflow of 14 million yuan from retail investors [3] - Shiyun Circuit (Code: 603920) with a net inflow of 12.5 million yuan from institutional investors, but a net outflow of 16.3 million yuan from retail investors [3]

Core Viewpoint - Farah Electronics experienced a 5.07% increase in stock price, reaching 125.76 CNY per share, with a trading volume of 634 million CNY and a turnover rate of 2.29%, resulting in a total market capitalization of 28.296 billion CNY [1] Company Overview - Xiamen Farah Electronics Co., Ltd. is located at No. 99, Xinyuan Road, Haicang District, Xiamen, Fujian Province, established on December 12, 1998, and listed on December 10, 2002 [1] - The company's main business involves the research, development, production, and sales of film capacitors, with revenue composition as follows: capacitors 94.28%, others (supplementary) 2.90%, transformers 2.82% [1] Fund Holdings - Hongyi Yuanfang Fund has a significant holding in Farah Electronics, with the Hongyi Yuanfang Jiuying Mixed A Fund (013694) holding 1,800 shares, accounting for 0.46% of the fund's net value, ranking as the fourth-largest holding [2] - The fund was established on June 7, 2022, with a latest scale of 11.9581 million CNY, and has achieved a year-to-date return of 2.51%, ranking 7371 out of 8173 in its category [2] - The fund manager, Ma Jia, has a tenure of 3 years and 21 days, with a total asset scale of 336 million CNY, achieving a best return of 43.33% during the tenure [2] - Co-manager Wu Yin has a tenure of 2 years and 21 days, managing assets totaling 108 million CNY, with a best return of 3.55% during the tenure [2]

Core Viewpoint - Fala Electronics experienced a decline in stock price and trading volume, with a market capitalization of 25.807 billion yuan as of September 23, 2023, indicating potential investor concerns about the company's performance [1]. Financial Performance - For the first half of 2025, Fala Electronics reported a revenue of 2.499 billion yuan, representing a year-on-year growth of 18.05%, and a net profit attributable to shareholders of 569 million yuan, also showing an 18.15% increase compared to the previous year [2]. - The company has distributed a total of 4.38 billion yuan in dividends since its A-share listing, with 1.305 billion yuan distributed over the last three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Fala Electronics decreased by 11.03% to 17,700, while the average number of circulating shares per person increased by 12.39% to 12,737 shares [2]. - The second-largest circulating shareholder, Hong Kong Central Clearing Limited, reduced its holdings by 2.386 million shares, while other institutional investors like Qianhai Kaiyuan Public Utilities Stock and Qianhai Kaiyuan New Economy Mixed A increased their holdings [3]. Stock Market Activity - On September 23, 2023, Fala Electronics' stock price fell by 2.02% to 114.70 yuan per share, with a trading volume of 213 million yuan and a turnover rate of 0.82% [1]. - Year-to-date, the stock price has decreased by 1.90%, with a 2.89% decline over the last five trading days and a 4.96% drop over the last 20 days, while showing a 2.58% increase over the last 60 days [1]. Business Overview - Fala Electronics, established on December 12, 1998, and listed on December 10, 2002, is primarily engaged in the research, production, and sales of film capacitors, with 94.28% of its revenue derived from capacitors [1]. - The company operates within the electronic components sector, specifically in passive components, and is part of various investment concepts including mid-cap, margin financing, and social security heavy positions [1].