Market Performance - On September 5, the electronic chemicals sector rose by 4.76%, with Laird Technology leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Laird Technology (688683) closed at 36.50, up 11.21% with a trading volume of 47,100 shares and a turnover of 164 million yuan [1] - Fivotech (688371) closed at 25.21, up 10.23% with a trading volume of 54,400 shares and a turnover of 132 million yuan [1] - Tiantong Co. (600330) closed at 12.10, up 10.00% with a trading volume of 3.1078 million shares and a turnover of 3.563 billion yuan [1] - Other notable performers include Guanghua Technology (002741) up 9.99%, Jingrui Electric Materials (300655) up 7.76%, and Jianghuai Micro (603078) up 5.45% [1] Capital Flow Analysis - The electronic chemicals sector saw a net inflow of 447 million yuan from institutional investors, while retail investors contributed a net inflow of 185 million yuan [1] - Notably, the sector experienced a net outflow of 632 million yuan from speculative funds [1] Detailed Capital Flow for Selected Stocks - Tiantong Co. (600330) had a net inflow of 191 million yuan from institutional investors, but a net outflow of 82.38 million yuan from speculative funds [2] - Guanghua Technology (002741) saw a net inflow of 188 million yuan from institutional investors, with a significant net outflow of 110 million yuan from speculative funds [2] - Jingrui Electric Materials (300655) had a net inflow of 137 million yuan from institutional investors, while experiencing a net outflow of 42.11 million yuan from speculative funds [2]

中国国际金融股份有限公司 关于江苏菲沃泰纳米科技股份有限公司 2025 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》和《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关 法律、法规的规定，中国国际金融股份有限公司（以下简称"中金公司"或"保荐机 构"）作为正在履行江苏菲沃泰纳米科技股份有限公司（以下简称"菲沃泰"、"公 司"）持续督导工作的保荐机构，负责菲沃泰上市后的持续督导工作，并出具本持 续督导期间（以下简称"2025 年上半年"或"报告期"）跟踪报告。 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | | | 2025 年上半年，保荐机构督导公司 | | | 督导上市公司及其董事、监事、高级管理人员遵守 | 及其董事、监事、高级管理人员遵 | | 6 | 法律、法规、部门规章和上海证券交易所发布的业 务规则及其他规范性文件，并切实履行其所做的各 | 守法律、法规、部门规章和上海证 券交易所发布的业务规则及其他规 | | | 项承诺 | 范性文件，切实履行其所做出的各 | | | | 项承诺。 ...

Group 1 - The core viewpoint of the news is that Feiwo Tai has shown significant trading activity and financial performance, indicating a strong market presence and investor interest [1][2]. - On August 29, Feiwo Tai's stock price increased by 1.68%, with a trading volume of 140 million yuan. The net financing purchase on that day was 9.81 million yuan, with a total financing balance of 131 million yuan, representing 1.58% of the circulating market value [1]. - The company specializes in the research and development of nanomaterials technology, primarily focusing on high-performance, multifunctional nanofilms, which account for 93.60% of its main business revenue [1]. Group 2 - As of June 30, the number of shareholders in Feiwo Tai decreased by 4.48% to 8,151, while the average circulating shares per person increased by 4.69% to 15,573 shares [2]. - For the first half of 2025, Feiwo Tai reported a revenue of 229 million yuan, reflecting a year-on-year growth of 6.95%, and a net profit attributable to shareholders of 16.71 million yuan, up 7.74% year-on-year [2]. - Among the top ten circulating shareholders, Guoshou Anbao Smart Life Stock A became the fourth largest shareholder with 2.81 million shares, indicating new institutional interest [2].

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 69.47 billion yuan, with the Sci-Tech Innovation Board seeing a net outflow of 3.65 billion yuan [1] - A total of 251 stocks saw net inflows, while 333 stocks experienced net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 215 stocks rose, with one stock, Hangke Technology, hitting the daily limit, while 367 stocks fell [1] - The top three stocks with the highest net inflows were Yuntian Lifa (23.77 million yuan), Baijie Shenzhou (23.09 million yuan), and Daqian Energy (20.33 million yuan) [1] Continuous Fund Flow Analysis - There were 52 stocks with continuous net inflows for more than three trading days, with KHHW leading at nine consecutive days of inflow [1] - Conversely, 155 stocks had continuous net outflows, with ST Nuotai and Xuantai Pharmaceutical both experiencing 14 consecutive days of outflow [1] Top Fund Inflows - The top stocks by net inflow included: - Yuntian Lifa: 23.77 million yuan, 6.20% inflow rate, 6.38% increase [1] - Baijie Shenzhou: 23.09 million yuan, 9.56% inflow rate, 12.55% increase [1] - Daqian Energy: 20.33 million yuan, 16.32% inflow rate, 7.12% increase [1] Notable Outflows - The stock with the highest net outflow was SMIC, with a net outflow of 1.92 billion yuan and a 3.74% decrease [1] - Other significant outflows included Haiguang Information (864 million yuan) and Shijia Photon (382 million yuan) [1]

Market Overview - The electronic chemicals sector experienced a decline of 0.53% on August 26, with Tongyu New Materials leading the drop [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Performance - Notable gainers in the electronic chemicals sector included: - Sanfu New Materials (688389) with a closing price of 73.20, up 10.46% [1] - Fivotech (688371) with a closing price of 23.27, up 6.35% [1] - Anji Technology (610889) with a closing price of 166.40, up 4.41% [1] - Conversely, significant decliners included: - Tongyu New Materials (301630) with a closing price of 199.23, down 8.75% [2] - Siquan New Materials (301489) with a closing price of 175.16, down 8.29% [2] - Shanghai Xinyang (300236) with a closing price of 53.75, down 3.98% [2] Capital Flow - The electronic chemicals sector saw a net outflow of 786 million yuan from institutional investors, while retail investors contributed a net inflow of 623 million yuan [2] - The capital flow for specific stocks showed: - Fivotech (688371) had a net inflow of 35.21 million yuan from institutional investors [3] - Anji Technology (610889) had a net inflow of 20.25 million yuan from institutional investors [3] - Tongyu New Materials (301630) experienced a significant net outflow of 49.42 million yuan from institutional investors [3]

根据最新披露信息，菲沃泰技术团队运用PECVD和CVD耦合真空镀膜技术，开发出新型防护涂层方 案。该技术已在服务器电源及通讯柜散热风扇产品上实现量产应用。 资金流向数据显示，8月25日主力资金净流入1509.16万元，近五个交易日累计净流入3550.61万元。 风险提示：股市有风险，投资需谨慎。 截至2025年8月25日收盘，菲沃泰股价报21.88元，较前一交易日上涨0.63元。当日成交量为59874手，成 交金额达1.28亿元。 菲沃泰属于电子元件行业，公司专注于高性能、多功能纳米薄膜的研发和制备。公司通过自主研发的纳 米镀膜设备及配套工艺，为客户提供基于纳米薄膜的防护解决方案。 ...

Group 1 - The A-share market for consumer electronics stocks showed strong performance, with notable increases in share prices for several companies [1] - Hongfuhuan saw a rise of over 14%, while Aohai Technology hit the 10% limit up, indicating robust investor interest [1] - Other companies such as Feiwo Tai, Goer Tech, Fuliwang, and Lingyi Technology also experienced significant gains, with increases exceeding 8% [1] Group 2 - A detailed table lists various companies along with their stock codes, price changes, total market capitalization, and year-to-date performance [2] - Aokai Ai had a price increase of 14.25% with a total market value of 5.829 billion [2] - Aohai Technology recorded a 9.99% increase, bringing its market cap to 15.1 billion, and a year-to-date increase of 36.97% [2] - Feiwo Tai's stock rose by 8.34%, with a market cap of 6.974 billion and a year-to-date increase of 33.96% [2] - Goer Tech's stock increased by 8.08%, with a market cap of 98.6 billion and a year-to-date increase of 10.19% [2] - Fuliwang's stock rose by 8.01%, with a market cap of 7.202 billion and a remarkable year-to-date increase of 88.10% [2] - Lingyi Technology's stock increased by 8.00%, with a market cap of 76.6 billion and a year-to-date increase of 36.96% [2]

Group 1 - The consumer electronics sector in the A-share market has shown strong performance, with notable gains in several stocks [1] - Hongfuhuan increased by over 14%, while Aohai Technology hit the 10% limit up, indicating robust investor interest [1] - Other companies such as Feiwo Tai, Goer Tech, and Fuliwang also experienced significant increases, with gains exceeding 8% [1] Group 2 - A detailed table lists various companies, their stock codes, percentage increases, total market capitalization, and year-to-date performance [2] - For instance, Aojian Trade (301086) saw a rise of 14.25% with a market cap of 5.829 billion, and a year-to-date increase of 29.62% [2] - Aohai Technology (002993) recorded a 9.99% increase, with a market cap of 15.1 billion and a year-to-date rise of 36.97% [2]

Financial Performance - The company reported a total revenue of 229 million yuan for the first half of 2025, representing a year-on-year increase of 6.95% [1] - The net profit attributable to the parent company reached 16.71 million yuan, up 7.74% year-on-year [1] - In Q2 2025, total revenue was 124 million yuan, with a year-on-year growth of 2.32% [1] - The gross margin improved to 54.55%, an increase of 3.4% year-on-year, while the net margin rose to 7.31%, up 0.74% year-on-year [1] Key Financial Ratios - The company’s total expenses (selling, administrative, and financial) amounted to 67.02 million yuan, accounting for 29.3% of revenue, which is an increase of 8.03% year-on-year [1] - The cash flow per share increased significantly by 66.67% to 0.06 yuan [1] - The company’s return on invested capital (ROIC) was reported at 2.11%, indicating a relatively weak capital return [3] Market and Business Insights - The company’s performance is primarily driven by research and development, focusing on new technologies and market demands [3] - The company has seen a significant increase in cash assets, with cash holdings rising to 238 million yuan, a 23.29% increase year-on-year [1] - The company is actively exploring new markets and customer opportunities, particularly in emerging fields such as healthcare and automotive [4] Fund Holdings - The largest fund holding the company’s shares is the Southern Zhihong Mixed A fund, which increased its holdings to 387,600 shares [4] - The fund has shown a strong performance, with a 42.19% increase over the past year [4]

Core Insights - The company reported a total revenue of 229 million yuan for the first half of 2025, representing a year-on-year increase of 6.95% [1] - The net profit attributable to the parent company reached 16.71 million yuan, up 7.74% year-on-year [1] - The gross margin improved to 54.55%, an increase of 3.4% compared to the previous year [1] Financial Performance - Total revenue for 2024 was 214 million yuan, while for 2025 it is 229 million yuan, showing a growth of 6.95% [1] - Net profit for 2024 was 15.51 million yuan, increasing to 16.71 million yuan in 2025, reflecting a growth of 7.74% [1] - The gross margin for 2024 was 52.75%, which improved to 54.55% in 2025, indicating a 3.4% increase [1] - The net margin increased from 7.25% in 2024 to 7.31% in 2025, a rise of 0.74% [1] - Operating cash flow per share increased significantly from 0.04 yuan to 0.06 yuan, a growth of 66.67% [1] Debt and Cash Position - The company has a healthy cash position with cash assets amounting to 238 million yuan, a 23.29% increase from the previous year [2] - Accounts receivable increased from 100 million yuan to 116 million yuan, a rise of 15.41% [1] - Interest-bearing debt rose from 2.12 million yuan to 2.31 million yuan, an increase of 8.80% [1] Business Model and Market Outlook - The company's performance is primarily driven by research and development, focusing on new technologies and market demands [2] - The company aims to expand its business in emerging fields such as healthcare, automotive, and server markets, leveraging new technology developments [3] - Analysts expect the company's performance in 2025 to reach a net profit of 78 million yuan, with an average earnings per share of 0.23 yuan [2]