仪器仪表Ⅲ 四方光电（688665.SH） 增持-A(维持) | 市场数据：2025 年 12 | 月 | 2 日 | | | --- | --- | --- | --- | | 收盘价（元）： | | | 47.69 | | 年内最高/最低（元）： | | | 72.42/28.28 | | 流通A股/总股本（亿）： | | | 1.01/1.01 | | 流通 A 股市值（亿）： | | | 47.95 | | 总市值（亿）： | | | 47.95 | | 年 基础数据：2025 | 月 9 | 日 30 | | | --- | --- | --- | --- | | 基本每股收益(元)： | | | 1.07 | | 摊薄每股收益(元)： | | | 1.07 | | 每股净资产(元)： | | | 11.60 | 资料来源：最闻 2025 年 12 月 3 日 公司研究/公司快报 公司近一年市场表现 事件描述 近期，公司发布 2025 年 Q3 季度报告：前三季度实现营收 7.22 亿元， 同比+33.56%；归母净利润为 1.07 亿元，同比+74.20%；实现扣非净利润 0.99 亿元，同比+6 ...

可以说，这股席卷武汉全城的消费热情与文旅活力，是武汉经济这片广阔湖面上的粼粼波光。那么在水面之下，一股由超过115万家民营企业汇聚成的强大 洋流，正在悄然重塑这座城市的经济地貌与未来想象。 对于正在奋力发展的民营经济来说，当下最强劲的信心，无疑是国家层面反复确认的一项核心共识：始终把民营企业和民营企业家当作"自己人"。这一充满 温情的顶层定调，清晰地重申了坚持"两个毫不动摇"、营造公平竞争环境与构建亲清政商关系的决心。它不仅旨在解决企业发展的实际痛点，更为民营经济 做大做优做强提供了长期的确定性。从中央传递至地方的政策暖意，构成了2025年武汉经济发展的底色，也为这座城市的沸腾提供了最坚实的燃料。 2025年的武汉，正将这种宏观层面的信心转化为肉眼可见的城市热度。在19万平方米的"汉交会"展馆内，机器人熟练烹饪热干面，全球超过3000家展商共同 呈现了一场贸易盛宴；在2025中国5G+工业互联网大会上，103个AI应用场景集中发布，激发出阵阵科创回响；在"超级文旅日"，成千上万涌动的人潮现身 江汉路；家电卖场里，"以旧换新"最高1000元补贴撬动了真金白银。从岚图汽车工厂第30万辆整车下线的里程碑，到黄鹤楼下 ...

Core Insights - The article emphasizes the importance of both technological innovation and effective management in driving a company's success, likening governance and management to an open-book exam while innovation is a closed-book exam [1] Company Overview - Sifang Optoelectronics, founded in 2003 in Wuhan, focuses on the research, production, and sales of smart gas sensors and high-end gas analyzers, and successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board in 2021 [4] - The company has established itself as an "invisible champion" in its niche, with products spanning seven major sectors including HVAC, industrial safety, automotive electronics, healthcare, and smart metering [4] Financial Performance - Sifang Optoelectronics has shown impressive financial growth, with revenue increasing from 547 million yuan in 2021 to an expected 873 million yuan in 2024, reflecting a compound annual growth rate (CAGR) of 17.2% [4] - In the first half of 2025, the company reported revenue of 508 million yuan, a year-on-year increase of 49.36%, and a net profit of 84.12 million yuan, up 103.41% year-on-year, showcasing strong performance compared to peers [4] Growth Strategy - The company's growth strategy is rooted in long-term value creation, focusing on operational improvements for low-cost operations and continuous investment in technological innovation [5] - R&D investment reached 58 million yuan in the first half of 2025, a 22.58% increase year-on-year, accounting for 11.45% of revenue, which supports product iteration and technological breakthroughs [5] Leadership and Management - The chairman, Xiong Youhui, positions himself as both a strategic leader and a hands-on manager, focusing on smart, green, and healthcare industry trends while ensuring operational efficiency through meticulous management [6] - Xiong emphasizes the importance of governance and management, stating that without effective management, even the best technological innovations will ultimately fail [6] Market Opportunities - The company is optimistic about future growth, driven by the expanding applications of sensors in smart transformation, green development, and healthcare upgrades, which are creating a broad market demand [8] - Sifang Optoelectronics has built multiple competitive barriers, including strong customer relationships, enhanced production efficiency through automation, and a solid foundation of technological capabilities [8] Innovation and Talent Development - The company views industry "involution" as a catalyst for innovation, pushing businesses to explore new markets and demands through technological advancements [9] - Talent development is seen as a long-term investment, with initiatives in place to cultivate talent and ensure a robust workforce for future growth [9] Value Management - Sifang Optoelectronics adopts a long-term perspective on market value management, focusing on sustainable business growth rather than short-term market fluctuations [10] - The company prioritizes effective communication with investors to reduce information asymmetry and convey its strategic vision and growth logic [10]

Core Viewpoint - The company, Sifang Optoelectronics, emphasizes that its battery thermal runaway sensors are crucial for enhancing safety and quality control in the solid-state battery sector [1] Group 1 - Investors inquired whether solid-state batteries still require the company's thermal runaway sensors [1] - The company's response highlights the focus of its sensor products on improving battery safety and production quality control in the solid-state battery field [1]

格隆汇11月19日丨四方光电(688665.SH)在投资者互动平台表示，公司传感器产品在固态电池领域的应 用聚焦于提升电池安全性和生产质量控制方面。 ...

Core Viewpoint - The company is focusing on expanding its presence in overseas markets, particularly along the "Belt and Road" initiative, while also developing its domestic market for ultrasonic gas meters [1] Group 1: Overseas Market Strategy - The company has achieved scale revenue in overseas markets [1] - It is actively expanding its customer base in other international markets [1] Group 2: Domestic Market Development - The ultrasonic gas meter is currently in the market introduction phase domestically [1] - Smart gas meters and traditional membrane gas meters still dominate the domestic market [1] - The company’s ultrasonic module products are being supplied in bulk and it is working to attract more new customers [1]

格隆汇11月19日丨四方光电(688665.SH)在投资者互动平台表示，公司传感器产品在固态电池领域的应 用聚焦于提升电池安全性和生产质量控制方面。 ...

证券代码：688665 证券简称：四方光电 公告编号：2025-041 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 18 日（星期二）至 11 月 24 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 bod@gassensor.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 四方光电股份有限公司（以下简称"公司"）已于 2025 年 10 月 25 日发布公 司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三 季度经营成果、财务状况，公司计划于 2025 年 11 月 25 日（星期二）14:00-15:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 四方光电股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 会议召开时间：2025 年 11 月 25 日（星期二）14:00-15:00 会 议 召 ...

Core Viewpoint - The company maintains a high capacity utilization rate at its Jiaxing Park, with potential for further flexibility in production capacity. The Hungarian factory has completed customer audits and is expected to release capacity by early next year [1]. Group 1 - The capacity utilization rate at the Jiaxing Park remains at a high level [1] - There is still some room for flexibility in production capacity [1] - The Hungarian factory has completed relevant customer audits [1] - The company anticipates capacity release in the Hungarian factory by early next year [1]

Core Viewpoint - Sifang Optoelectronics (688665) has seen significant financing activity, with a net financing increase of 1.1688 million yuan on November 12, 2025, and a total financing balance of 18.1 million yuan, indicating strong investor interest in the stock [1][4]. Financing Summary - On November 12, 2025, Sifang Optoelectronics had a financing buy-in of 3.5269 million yuan and a financing repayment of 2.3581 million yuan, resulting in a net financing increase of 1.1688 million yuan [1]. - The financing balance reached 18.1 million yuan, which is a 0.65% increase from the previous day [4]. - Over the past three trading days, the cumulative net financing increase has been 5.5306 million yuan, with 14 out of the last 20 trading days showing net financing inflows [1]. Margin Trading Summary - On November 12, 2025, there was a short selling of 200 shares, with no shares being repaid, resulting in a net short selling of 200 shares [2]. - The margin trading balance was recorded at 47.93 million yuan, with a total of 9,690 shares remaining available for short selling [3]. Margin Trading Balance Changes - The margin trading balance on November 12, 2025, was 18.1 million yuan, reflecting a change of 1.1730 million yuan, or 0.65%, from the previous day [4]. - The margin trading balance has shown a consistent upward trend over the past few trading days, indicating increased trading activity [4].