Group 1: Rare Earth and Tungsten Industry - The company is one of the six major rare earth groups in the country, having completed the integration of rare earth resources in Fujian Province [2] - The company possesses a complete tungsten industry chain, with significant competitive advantages in tungsten mining, smelting, powder, wire materials, and hard alloy deep processing [2] - The company is the first in China to develop and produce ITER filter tungsten probe components for nuclear fusion devices, capable of precision machining large-sized ITER-grade tungsten materials [2] Group 2: Data Center and AI Computing - The company is planning to acquire a stake in Xiantian Computing and aims to leverage it to acquire control of Zhengzhou Heying, which focuses on third-party large-scale data center operations [3] - The company is collaborating with Alibaba Cloud to jointly invest 15.8 billion yuan in building a cloud computing data center in Zhejiang [3] - The company has established a large data center in Xinjiang Hami, with a total computing power exceeding 80,000 P [3] Group 3: Power and Energy Sector - The company has acquired Honghe Power, a major thermal power plant in southern Yunnan, with a certified installed capacity of 1,300 MW [5] - The company is a leading player in the composite insulator market for high-voltage transmission lines, with a net profit growth of 177.52% year-on-year [5] - The company is expected to achieve a profit of 300 million to 360 million yuan by 2025, marking a turnaround from previous losses [5] Group 4: Semiconductor and AI Technology - The company has developed a low-code platform that integrates AI capabilities and has been applied in various sectors including power, aerospace, and manufacturing [4] - The company is a leading domestic player in crystal oscillators, with products applicable in optical communication and navigation systems [4] - The company has launched a series of AI products and is involved in the construction of AI computing centers across the country [4] Group 5: Renewable Energy and Materials - The company is a leader in the photovoltaic aluminum frame market, with a global market share exceeding 18% [5] - The company is investing 600 million yuan to build a project for producing 10,000 tons of iron phosphate battery precursor materials annually [8] - The company has established a comprehensive lithium battery supply chain, including mining, selection, and processing of lithium carbonate [8]

声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 2026年2月27日，菲林格尔（sh603226）触及涨停，涨停价31.82元，涨幅9.99%，总市值113.12亿元，流 通市值113.12亿元，截止发稿，总成交额1.93亿元。 根据喜娜AI异动分析，菲林格尔涨停原因可能如下，门木饰面业务+公司治理优化+资金效率提升： 1、 公司门及木饰面业务成为新增长点，2025年收入同比增长151.69%，这一显著增长为公司带来积极影 响，可能是刺激股价涨停的重要因素。同时，2025年公司营业收入也实现了5.98%的小幅增长，显示基 本业务仍在运转。 2、公司在治理结构方面进行了优化，包括董事会改组、审计委员会调整、高管绩效 考核等举措，提 ...

证券日报网讯 2月24日，菲林格尔在互动平台回答投资者提问时表示，截至2026年1月30日，公司最新 一期的股东人数为8237户。 （文章来源：证券日报） ...

证券日报网讯2月24日，菲林格尔（603226）在互动平台回答投资者提问时表示，截至2026年2月13日， 公司最新一期的股东人数为7680户。 ...

Core Viewpoint - The company has responded to the Shanghai Stock Exchange's inquiry regarding its 2025 performance forecast, emphasizing compliance with revenue recognition policies and providing detailed information on its business segments and customer transactions [1][2]. Group 1: Revenue Recognition - The company reported that its revenue from flooring products for 2024 and 2025 was 258.53 million RMB and 264.68 million RMB, accounting for 79.59% and 75.58% of total revenue respectively, with a slight increase in sales but a decrease in percentage due to higher sales from its subsidiary [2][4]. - The revenue recognition policy has remained unchanged during the reporting period, adhering to the relevant accounting standards, and there are no indications of premature or deferred revenue recognition to avoid delisting risk [3][4]. Group 2: Major Customers - The company provided a list of its top ten customers across its business segments, including flooring, cabinetry, and wood finishes, detailing customer names, relationships, contract dates, and payment statuses [4][6]. - Notably, some customers are identified as related parties due to their connections with the company's former actual controller, which may influence the company's interests [4][5]. Group 3: Engineering Projects - The company categorized its engineering projects into those with and without installation agreements, specifying that revenue recognition for projects with agreements is based on obtaining acceptance documents [6][7]. - The company confirmed that there are no instances of premature or deferred revenue recognition in its engineering projects, with all transactions documented and compliant with accounting standards [11]. Group 4: Related Party Transactions - The company disclosed details of transactions with its former actual controller and related entities, ensuring that the pricing and revenue recognition policies for these transactions are consistent with non-related business transactions [9][11]. - The company is undergoing an audit to verify the fairness and commercial substance of these related party transactions, with no anomalies reported thus far [11][12]. Group 5: Revenue Deductions - The company reported a total of 5.1994 million RMB in revenue deductions, primarily from non-core business activities, confirming that all deductions were accurately accounted for and compliant with regulatory guidelines [13][14]. - The auditing process has not revealed any inaccuracies or omissions in the reported revenue deductions, with further verification planned [14].

Group 1: Financial Performance - The company, Feiling'er, expects a net profit loss attributable to shareholders of the parent company ranging from 65 million to 85 million yuan for the year 2025, with a net profit loss excluding non-recurring gains and losses estimated between 90 million and 70 million yuan [2] - The anticipated revenue for the same period is projected to be between 340 million and 370 million yuan, influenced by adjustments in the real estate sector, weak demand in home decoration, declining gross margins, and asset impairment provisions [2] Group 2: Corporate Governance - A temporary shareholders' meeting held on December 23, 2025, reviewed the election of a new non-independent director and re-voted on related party transactions totaling 321 million yuan from 2020 to 2023, addressing previous procedural flaws [3] - The execution of this event may continue to impact the company's governance structure [3] Group 3: Capital Movement - In January 2026, the company experienced a net outflow of principal funds, with a net outflow of 12.154 million yuan on January 7 and 8.922 million yuan on January 8, indicating cautious short-term market sentiment [4] - The capital flow is associated with the company's loss status, industry conditions, and valuation pressures [4]

Revenue Performance - In Q1 2025, flooring revenue was RMB 2,668.60 million, accounting for 7.62% of total revenue, a decrease of 39.21% compared to RMB 4,389.57 million in Q1 2024[4] - Total revenue for 2025 was RMB 35,633.06 million, representing a 5.98% increase from RMB 33,621.00 million in 2024[4] - The flooring segment contributed RMB 26,467.86 million in 2025, making up 75.58% of total revenue, down from 79.59% in 2024[5] - Cabinet furniture revenue in Q2 2025 increased by 159.32% to RMB 1,740.22 million compared to RMB 671.06 million in Q2 2024[4] - The total revenue from the door and wood panel segment in Q4 2025 was RMB 3,521.15 million, a significant increase of 245.78% from RMB 1,018.31 million in Q4 2024[4] - The company reported a total of RMB 3,389.71 million in cabinet furniture revenue for 2025, a decrease of 25.95% from RMB 4,577.41 million in 2024[4] - The overall revenue from other business segments decreased by 46.27% to RMB 612.01 million in 2025 from RMB 1,139.05 million in 2024[4] Revenue Recognition Policies - The company confirmed that its revenue recognition policy remains compliant with accounting standards, with no changes reported during the period[10] - The company’s revenue recognition policy states that income is recognized when control of the product is transferred to the customer, ensuring compliance with relevant accounting standards[11] - The company emphasized that there were no instances of premature or deferred revenue recognition to avoid delisting risk warnings[11] - The revenue recognition policy includes a 15-day payment window after project completion, ensuring cash flow management[21] - The company confirmed that revenue recognition for engineering projects is based on the receipt of acceptance or settlement documents[24] - The revenue recognition for projects is based on signed delivery notes, emphasizing the importance of contract management[30] - The company confirmed that there are no revenues recognized that lack commercial substance or are derived from non-genuine transactions[45] Accounts Receivable Management - The company reported a total accounts receivable of 11,195.04 million, with a net increase of 249.89 million compared to the previous period[15] - The accounts receivable balance being negative is due to advance payments from customers, primarily for project progress payments according to contracts[16] - The company has a payment policy where 20% is paid before shipment, 70% during project progress, and the remaining 10% upon project completion[15] - The company reported a decrease in accounts receivable from certain clients, with specific amounts noted, such as a decrease of 41.28 million from one client[15] - The accounts receivable for the top customer decreased by 1,723.89 million RMB, indicating improved cash collection efforts[21] - The total accounts receivable for the top ten customers increased by 2,863.80 million RMB, while the total accounts receivable at the end of the period was 2,250.83 million RMB[19] - The company is actively monitoring its revenue recognition practices to avoid any premature or cross-period revenue recognition that could lead to delisting risks[23] - The company is actively managing its accounts receivable, with a focus on timely collections to improve liquidity[28] Customer and Market Expansion - The company has added new customers in 2025, which previously had no revenue, indicating a potential growth in revenue streams[16] - The company is focused on expanding its market presence through direct sales to engineering clients, which includes installation responsibilities[15] - The company anticipates continued revenue growth from its existing customer base and new clients in the upcoming fiscal year[16] - The company is focusing on expanding its market presence through strategic partnerships and direct sales to engineering clients[19] - The company is focusing on expanding its market presence through strategic partnerships and project collaborations in the construction and decoration sectors[34] Financial Performance and Strategy - The company reported a total revenue of 5,163.48 million RMB, with a net loss of 899.75 million RMB for the current period[22] - The company's total revenue for the year 2025 is reported at RMB 35,633.06 million, with revenue deductions amounting to RMB 732.04 million, representing 2.05% of total revenue[45] - The revenue deductions include RMB 519.94 million from other business activities outside normal operations, and RMB 212.10 million from newly added trade business[45] - The company has ongoing projects with a total contract value of 909.19 million RMB for the Dali Silver Bridge International Tourism Project, with expected revenue recognition in December 2025[26] - The total contract amount for various projects is 7,904.74 million RMB, with a revenue recognition of 7,388.79 million RMB, resulting in a decrease of 2,888.12 million RMB[28] - The company has a projected accounts receivable balance of 3,289.80 million RMB by the end of 2025, with a current period addition of 1,912.32 million RMB[28] - The company has completed the settlement for various projects, indicating a strong cash flow position with significant amounts settled[36] Related Party Transactions and Audits - The company has engaged in related party transactions with Dali Jiapeng Construction Engineering Co., Ltd., with multiple contracts signed in September 2024[34] - The company has executed various audit procedures to ensure the fairness and commercial substance of related party transactions, with no abnormalities found so far[43] - The company is currently undergoing an audit of its financial statements for the year 2025, with a focus on revenue recognition and related party transactions[47] - The company plans to complete further audits and provide clear opinions on related matters by April 25, 2026[43]

北京德皓国际会计师事务所（特殊普通合伙）关于《上 海证券交易所对菲林格尔家居科技股份有限公司业绩预 告相关事项的监管工作函》的回复 德皓函字[2026]00000021 号 北京德皓国际会计师事务所（特殊普通合伙）关于 《上海证券交易所对菲林格尔家居科技股份有限公司 业绩预告相关事项的监管工作函》的回复 德皓函字[2026]00000021 号 上海证券交易所管理一部： 关于贵部出具的《菲林格尔家居科技股份有限公司业绩预告相关事项的监管 工作函》（上证会计监管函【2026】第 0315 号）已收悉。北京德皓国际会计师 事务所（特殊普通合伙）（以下简称"年审会计师"或"我们"）作为菲林格尔家居科 技股份有限公司（以下简称"菲林格尔"或"公司"）2025 年报的年审会计师，根据 要求，我们对文件中需要年审会计师发表意见的有关问题进行了认真讨论、核查， 现就相关问题回复如下： 问题一、关于营业收入确认 北 京 德 皓 国 际 会 计 师 事 务 所 (特殊普通合伙 ) Beijing Dehao International Certified Public Accountants (Limited Liabilit ...

Core Viewpoint - The company has initiated a wealth management program using idle funds to enhance capital efficiency and generate investment returns while ensuring operational liquidity and safety [1][2]. Group 1: Basic Situation of Wealth Management - The company approved a plan to invest idle funds in low to medium-risk financial products from reputable financial institutions, with a single investment limit of 400 million yuan and a total cap on cumulative investments [1]. - The authorization for this investment strategy is valid from the date of the 2024 annual shareholders' meeting until the 2025 annual shareholders' meeting [1]. Group 2: Progress of Wealth Management - As of the announcement date, the company has redeemed part of its wealth management products, receiving a total of 20.02 million yuan in principal and returns [2]. - From July 1, 2025, to the announcement date, the company has invested a total of 98.95 million yuan in wealth management products from Shanghai Pudong Development Bank, Industrial and Commercial Bank of China, and Guotai Junan Securities [2]. Group 3: Impact on the Company - The wealth management initiative is designed to not affect the company's daily operations or liquidity needs, thereby allowing the company to maintain its core business activities while improving capital efficiency and shareholder returns [2]. Group 4: Risk Control Measures - The company has established a robust approval and execution process for purchasing wealth management products, ensuring effective cash management and safety of funds [4]. - The company adheres to a prudent investment principle, selecting reputable issuers with strong financial security capabilities [4]. - The finance department monitors the investment products closely, and independent directors have the authority to conduct regular checks on the investment status [4].

Group 1 - The core point of the news is the transfer of shares in Borui Data to Rizhao Zhongyiren, led by the private equity figure Jin Yawei, indicating a strategic investment in the company [1][2][3] - Borui Data's major business is in the IT operations management monitoring sector, specifically in application performance management and observability, with a market capitalization of 2.95 billion yuan as of the announcement date [2] - The share transfer involves 2.228 million shares, representing 5.02% of the total share capital, at a price of 53.136 yuan per share, totaling approximately 118 million yuan [1][2] Group 2 - Borui Data has consistently reported losses, with revenues of 133 million yuan in 2021, 116 million yuan in 2022, 121 million yuan in 2023, and an expected revenue of 125 to 135 million yuan in 2025, while net profits are projected to be a loss of 91 to 101 million yuan [3] - Following the announcement of Jin Yawei's investment, Borui Data's stock price increased by 7.9%, raising its market capitalization to 3.568 billion yuan by the close of trading on February 5 [3] - Jin Yawei has a history of successful investments, having previously acquired stakes in companies like Leidi Ke and Shibu Detection, both of which have seen significant stock price increases [1][8] Group 3 - Jin Yawei is also the actual controller of Filinger, a company he took control of amid internal conflicts, leading to a significant rise in its stock price [4][6][7] - Jin Yawei's investment activities extend beyond Borui Data, with his firm, Rizhao Zhongyiren, having participated in various successful IPOs and investments in the primary market [11][12] - The investment strategy of Jin Yawei has proven effective, as evidenced by the performance of companies he has invested in, raising market expectations for future actions [12]