证券代码：603267 证券简称：鸿远电子 公告编号：临 2025-049 北京元六鸿远电子科技股份有限公司 第四届董事会第三次会议决议公告 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。 一、董事会会议召开情况 北京元六鸿远电子科技股份有限公司（以下简称"公司"）第四届董事会第 三次会议通知于 2025 年 10 月 27 日以电子邮件等方式向全体董事及相关人员发 出。 公司董事会审议。 具体内容请详见同日披露于上海证券交易所网站（http://www.sse.com.cn） 及指定信息披露媒体的《关于 2025 年前三季度计提资产减值准备的公告》。 会议于 2025 年 10 月 30 日在北京市大兴区中关村科技园区大兴生物医药产 业基地天贵街 1 号第一会议室以现场表决方式召开。本次会议由董事长郑红主持， 应出席董事 9 人，实际出席董事 9 人。公司高级管理人员等列席了会议。本次会 议的召集、召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》 的规定。 二、董事会会议审议情况 （一）审议通过《关于公司 20 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥409,094,450.78, representing a year-on-year increase of 22.24%[3] - Total profit for the period was ¥47,333,655.19, a significant increase of 530.18% compared to the same period last year[3] - Net profit attributable to shareholders was ¥38,457,105.07, reflecting a year-on-year growth of 437.31%[3] - The basic earnings per share for the period was ¥0.17, up 466.67% year-on-year[3] - Total operating revenue for the first three quarters of 2025 reached ¥1,427,274,413.13, a 22.2% increase from ¥1,167,359,955.05 in the same period of 2024[16] - Net profit for the first three quarters of 2025 was ¥221,818,155.65, up 74.0% compared to ¥127,401,899.05 in 2024[17] - Operating profit increased to ¥265,010,419.92, representing an 81.3% rise from ¥146,110,486.40 in the previous year[16] - The total profit for the first three quarters of 2025 was ¥264,641,456.20, a 81.3% increase from ¥145,915,799.56 in 2024[17] - The basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.96, up from ¥0.55 in 2024[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,421,545,320.34, an increase of 6.24% from the end of the previous year[4] - As of September 30, 2025, the total assets of the company amounted to ¥5,421,545,320.34, an increase from ¥5,103,045,369.03 as of December 31, 2024, reflecting a growth of approximately 6.24%[13] - The company's current assets totaled ¥4,386,743,674.16, up from ¥4,092,158,482.57, indicating an increase of about 7.19%[13] - The total liabilities increased to ¥1,023,335,301.29 from ¥868,205,632.29, which is an increase of approximately 17.88%[15] - The company's total liabilities increased to ¥632,072,925.40 as of September 30, 2025, from ¥520,614,963.55 at the end of 2024, representing a rise of about 21.4%[24] - The company's equity attributable to shareholders rose to ¥4,394,185,532.28 from ¥4,234,839,736.74, reflecting an increase of about 3.77%[15] - The total equity of the company as of September 30, 2025, was ¥4,421,951,826.55, an increase from ¥4,328,045,581.17 at the end of 2024, representing a growth of approximately 2.2%[24] Cash Flow - The net cash flow from operating activities showed a negative value of -¥11,461,022.43, a decline of 106.18% compared to the previous year[3] - Cash flow from operating activities showed a net outflow of ¥11,461,022.43, contrasting with a net inflow of ¥185,527,598.62 in the same period last year[19] - The net cash flow from operating activities for the first three quarters of 2025 was ¥43,102,465.84, a significant increase from ¥14,132,938.42 in the same period of 2024, representing a growth of approximately 205%[30] - The company reported a net cash outflow from investing activities of ¥158,805,835.80, an improvement from a net outflow of ¥233,284,768.25 in the previous year[21] - The net cash flow from investment activities was -¥213,685,709.50 in 2025, an improvement from -¥245,189,463.90 in 2024, indicating a reduction in losses by approximately 13%[30] - The net cash flow from financing activities was -¥46,580,546.77 in 2025, compared to -¥171,784,142.09 in 2024, showing a significant improvement of approximately 72.9%[31] Shareholder Information - The company reported a total of 27,843 common shareholders at the end of the reporting period[10] - The company reported a total of 65,333,760 shares held by the largest shareholder, Zheng Hong, indicating significant ownership concentration[11] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[11] Research and Development - Research and development expenses rose to ¥96,910,100.51, a 20.7% increase from ¥80,331,735.79 in 2024[16] - Research and development expenses for the first three quarters of 2025 were ¥30,647,574.46, down from ¥35,119,405.49 in 2024, showing a decrease of approximately 12.6%[27] Inventory and Receivables - Accounts receivable rose significantly to ¥1,663,249,576.51 from ¥1,157,358,888.50, marking an increase of around 43.66%[13] - The inventory decreased slightly to ¥781,528,505.21 from ¥796,597,786.28, showing a decline of approximately 1.89%[13] - The company's inventory as of September 30, 2025, was ¥680,883,088.49, slightly up from ¥656,295,462.29 at the end of 2024, indicating a growth of about 3.8%[22] Other Financial Metrics - The weighted average return on equity increased to 0.87%, up by 0.70 percentage points from the previous year[3] - The gross profit margin for the first three quarters of 2025 was approximately 36.5%, compared to 35.0% in the same period of 2024, indicating an improvement in profitability[27] - Total assets impairment losses increased to ¥42,528,462.32, compared to ¥17,642,247.88 in the previous year[16] - The cash and cash equivalents decreased to ¥831,380,351.87 from ¥1,011,312,574.42, representing a decline of approximately 17.79%[13] - Cash and cash equivalents at the end of the period were ¥829,383,540.38, down from ¥1,033,832,384.58 at the end of the same period in 2024[21] - Cash inflow from sales of goods and services was ¥807,674,058.77 in the first three quarters of 2025, a decline from ¥903,464,039.40 in 2024, representing a decrease of approximately 10.6%[30] - Total cash outflow from operating activities was ¥773,487,744.49 in 2025, compared to ¥907,059,460.89 in 2024, indicating a reduction of about 14.7%[30] - The cash paid for purchasing goods and services was ¥513,386,581.06 in 2025, down from ¥619,133,974.95 in 2024, reflecting a decrease of approximately 17.1%[30] - The cash paid to employees decreased to ¥115,340,030.32 in 2025 from ¥131,666,535.41 in 2024, a reduction of about 12.4%[30] Strategic Developments - The company experienced strong customer demand recovery, significantly boosting its core business revenue and improving profitability[8] - There are no significant new strategies or product developments mentioned in the conference call[12]

Core Insights - The semiconductor ceramic capacitor industry is experiencing significant growth driven by national policy support and increasing demand in emerging sectors such as 5G communication, new energy vehicles, and AI servers [1][2][12] - The market size for semiconductor ceramic capacitors in China is projected to reach 18.64 billion yuan in 2024, with an expected increase to 20.32 billion yuan in 2025, reflecting a growth rate of approximately 9.0% [1][10] - The competitive landscape is characterized by international giants dominating the high-end market while domestic companies strive to penetrate higher-end segments [1][11] Industry Overview - Semiconductor ceramic capacitors are key electronic components made from ferroelectric or paraelectric ceramic materials, featuring high dielectric constants, excellent temperature stability, low equivalent series resistance, and good high-frequency adaptability [1][3] - The industry is supported by a systematic policy framework aimed at promoting high-quality development in the integrated circuit and software industries [1][6] Market Structure - The semiconductor ceramic capacitor market is primarily dominated by multilayer ceramic capacitors (MLCC), which account for a significant market share due to their small size and high reliability [10] - The industry is segmented into various applications, including consumer electronics, automotive electronics, industrial control, medical devices, communication, and aerospace, each with specific performance requirements [5][6] Policy Support - Recent government policies have focused on enhancing industry guidance and support, including initiatives for tax incentives, technological innovation, standardization, and digital transformation [6][7] Industry Chain - The industry chain consists of upstream suppliers of ceramic powders and electrode materials, midstream MLCC manufacturers, and downstream applications across various sectors [7][8] Competitive Landscape - The competitive landscape features a mix of international leaders like Murata and TDK, alongside domestic players such as Fenghua Advanced Technology and SanHuan Group, who are increasingly focusing on high-end applications [11][12] Development Trends - The industry is expected to undergo a threefold upgrade in technology, market structure, and demand, with a focus on high-frequency, miniaturization, and high reliability [12][13] - Emerging applications in 5G communication, new energy vehicles, and AI servers are anticipated to drive significant growth in demand for high-performance capacitors [12][14]

Investment Rating - The report maintains a "Positive" outlook for the defense and military industry [6] Core Insights - The 20th Central Committee's Fourth Plenary Session emphasizes the importance of military equipment construction, indicating that the military equipment development is expected to accelerate with the implementation of the 14th Five-Year Plan [9][12] - The successful testing of the Zhuque-3 rocket marks a significant advancement in reusable rocket technology, which is anticipated to lower launch costs and accelerate satellite networking [14][17] - The military sector's stock prices have stabilized recently, with a focus on both domestic and international demand, highlighting the investment value in the military industry [18] Summary by Sections Investment Suggestions and Targets - The report suggests focusing on military electronics, new domains, and the aerospace propulsion chain, with specific stock recommendations including: - Military Electronics: Aerospace Electric (002025, Buy), Zhonghang Optical (002179, Buy), and others [18] - New Domains: Haige Communication (002465, Buy) and others [18] - Aerospace Propulsion Chain: Xibei Superconductor (688122, Buy) and others [18] - Military Trade/Main Equipment: Zhonghang Shenfei (600760, Unrated) and others [18] Industry Performance - The defense and military industry index increased by 2.81%, underperforming compared to the Shanghai Composite Index [21][22] - The report notes that the military industry has shown resilience, with a focus on key components and materials as demand rises [18][21] Recent Developments - The report highlights significant recent events in the military sector, including successful military exercises and advancements in military technology [30][31]

Core Points - The Shanghai Composite Index closed at 3938.98 points, above the six-month moving average, with a gain of 0.42% [1] - A total trading volume of A-shares reached 1,239.319 billion yuan today [1] - 126 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The top three stocks with the highest deviation rates from the six-month moving average are: - Xicet Testing (西测测试) with a deviation rate of 13.84% and a daily increase of 15.21% [2] - Anhui Instrument Technology (皖仪科技) with a deviation rate of 9.60% and a daily increase of 12.74% [2] - Aerospace Changfeng (航天长峰) with a deviation rate of 9.37% and a daily increase of 10.01% [2] Trading Metrics - The trading turnover rate for Xicet Testing was 18.16%, while Anhui Instrument Technology had a turnover rate of 3.91% [2] - The latest prices for the top three stocks are: - Xicet Testing at 58.87 yuan [2] - Anhui Instrument Technology at 24.33 yuan [2] - Aerospace Changfeng at 15.17 yuan [2] Additional Stocks - Other notable stocks with significant performance include: - Tongfeng Electronics (铜峰电子) with a deviation rate of 9.10% and a daily increase of 9.95% [2] - Weihong Technology (维宏股份) with a deviation rate of 7.25% and a daily increase of 10.74% [2] - China Satellite Communications (中国卫通) with a deviation rate of 5.82% and a daily increase of 6.02% [2]

Group 1 - China's reusable rocket technology is making significant breakthroughs, with the successful static fire test of the Zhuque-3 rocket, which is designed for large satellite constellation networking [1] - The Zhuque-3 rocket is a large-capacity, low-cost, reusable liquid launch vehicle made from stainless steel, indicating advancements in material use for space technology [1] - The country aims to enhance its reusable rocket capabilities, with multiple rockets, including Zhuque-3 and Tianlong-3, set for maiden flights or tests this year [1] Group 2 - The commercial space industry in China is entering a recovery phase, with a projected increase in rocket launch demand due to the "Hundred Arrows, Thousand Stars" plan, which anticipates nearly 2,500 satellite launches by 2035 [2] - The industry is experiencing a policy boost, with Shandong province aiming for an annual production capacity of 100 rockets and 150 commercial satellites by 2027, targeting a market size of 50 billion yuan [1] Group 3 - A total of 67 stocks in the A-share market are involved in the commercial space industry, with 16 stocks receiving ratings from five or more institutions, indicating strong institutional interest [3] - Companies like Zhimin Da and Narui Radar are expected to see significant profit growth, with projected increases in net profit exceeding 100% for several firms [3][4] - Dragonfly Co. has seen a remarkable increase in northbound capital holdings, with a 1,085.7% increase in shares held, reflecting strong investor interest in the commercial aerospace sector [5][6]

Group 1 - The MLCC sector leads the market with an increase of 3.74% [1] - Hongda Electronics saw a significant rise of 10.59% [1] - Fenghua Advanced Technology increased by 7.71% [1] - Hongyuan Electronics experienced a growth of 5.42% [1] - Torch Electronics, Xinwei Communication, and Sanhuan Group all rose by over 3% [1]

Core Viewpoint - The MLCC (Multi-Layer Ceramic Capacitor) sector experienced significant stock price increases, with several companies showing notable gains, indicating a positive market sentiment towards this industry [1] Company Summary - Hongda Electronics saw its stock price rise by over 10% during the trading session [1] - Other companies in the MLCC sector, including Fenghua Advanced Technology, Hongyuan Electronics, Torch Electronics, and Sanhuan Group, also experienced stock price increases [1]

证券代码：603267 证券简称：鸿远电子 公告编号：临2025-048 北京元六鸿远电子科技股份有限公司 2025年半年度权益分派实施公告 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。 重要内容提示： ● 每股分配比例 A股每股现金红利0.10元（含税） 一、通过分配方案的股东会届次和日期 本次利润分配方案经北京元六鸿远电子科技股份有限公司（以下简称"公司"）2025年9月23日的2025年 第二次临时股东会审议通过。 2.分派对象： 公司2025年半年度拟以实施权益分派股权登记日的应分配股数（总股本扣除公司回购专户股份的股份余 额）为基数分配利润，向全体股东每股派发现金红利人民币0.10元（含税）。 3.差异化分红送转方案： 除权（息）参考价格=（前收盘价格－现金红利）÷（1+流通股份变动比例） ● 相关日期 ■ ● 差异化分红送转： 是 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东（公司回购专用证券账户除外）。 根据《上海证 ...

证券日报网讯 10月22日晚间，鸿远电子发布公告称，2025年半年度权益分派方案为A股每股现金红利 0.10元（含税），股权登记日为2025年10月28日，除权（息）日及现金红利发放日均为2025年10月29 日。 （文章来源：证券日报） ...