证券代码：300395 证券简称：菲利华 湖北菲利华石英玻璃股份有限公司 2025 年度以简易程序向特定对象发行股票方案论证分析报告 湖北菲利华石英玻璃股份有限公司（以下简称"公司"、"菲利华"）是深 圳证券交易所创业板上市的公司。为满足公司经营战略的实施和业务发展的资金 需求，进一步增强公司资本实力，优化资本结构，提升盈利能力，根据《中华人 民共和国公司法》《中华人民共和国证券法》《公司章程》和《上市公司证券发 行注册管理办法》等有关法律、法规和规范性文件的规定，编制了《2025 年度 以简易程序向特定对象发行股票方案论证分析报告》。 （本报告中如无特别说明，相关用语具有与《湖北菲利华石英玻璃股份有限 公司 2025 年度以简易程序向特定对象发行股票预案》中相同的含义。） 湖北菲利华石英玻璃股份有限公司 Hubei Feilihua Quartz Glass Co., Ltd. （荆州市东方大道68号） 2025 年度以简易程序 向特定对象发行股票方案论证分析报告 二〇二五年十月 （一）本次发行的背景 一、本次发行募集资金使用计划 本次发行股票募集资金总额不超过（含）人民币 30,000.00 万元，扣除发 ...

证券代码：300395 证券简称：菲利华 公告编号：2025-56 湖北菲利华石英玻璃股份有限公司 Hubei Feilihua Quartz Glass Co., Ltd. （荆州市东方大道68号） 2025 年度以简易程序向特定对象发行股票预案 二〇二五年十月 湖北菲利华石英玻璃股份有限公司 2025年度以简易程序向特定对象发行股票预案 公司声明 1、本公司及董事会全体成员保证本预案内容真实、准确、完整，并确认不 存在虚假记载、误导性陈述或重大遗漏。 2、本预案按照《发行注册管理办法》等法规及规范性文件的要求编制。 3、本次以简易程序向特定对象发行股票完成后，公司经营与收益的变化由 公司自行负责；因本次以简易程序向特定对象发行股票引致的投资风险，由投资 者自行负责。 4、本预案是公司董事会对本次以简易程序向特定对象发行股票的说明，任 何与之相反的声明均属不实陈述。 5、投资者如有任何疑问，应咨询自己的股票经纪人、律师、专业会计师或 者其他专业顾问。 6、本预案所述事项并不代表审批机构对于本次以简易程序向特定对象发行 股票相关事项的实质性判断、确认、批准，本预案所述本次以简易程序向特定对 象发行股票相关事项 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 湖北菲利华石英玻璃股份有限公司（以下简称"公司"）于 2025 年 10 月 13 日召开第六届董事会第二十二次会议、第六届监事会第二十二次会议，审议 通过了《关于公司 2025 年度以简易程序向特定对象发行股票方案的议案》等相 关议案，现就本次发行股票公司不存在直接或通过利益相关方向参与认购的投资 者提供财务资助或补偿事宜承诺如下： 公司不存在向发行对象作出保底保收益或变相保底保收益承诺的情形；不存 在直接或通过利益相关方向参与认购的投资者提供财务资助或补偿的情形。 证券代码：300395 证券简称： 菲利华 公告编号：2025-61 湖北菲利华石英玻璃股份有限公司 关于本次以简易程序向特定对象发行股票 不存在直接或通过利益相关方向参与认购的投资者提供财 务资助或补偿的公告 特此公告。 湖北菲利华石英玻璃股份有限公司董事会 2025 年 10 月 13 日 ...

证券代码：300395 证券简称：菲利华 湖北菲利华石英玻璃股份有限公司 募集资金使用可行性分析报告 湖北菲利华石英玻璃股份有限公司（以下简称"公司"、"菲利华"）是深 圳证券交易所创业板上市的公司。为满足公司经营战略的实施和业务发展的资金 需求，进一步增强公司资本实力，优化资本结构，提升盈利能力，根据《中华人 民共和国公司法》《中华人民共和国证券法》《公司章程》和《上市公司证券发 行注册管理办法》等有关法律、法规和规范性文件的规定，编制了《2025 年度 以简易程序向特定对象发行股票募集资金使用可行性分析报告》。 （本报告中如无特别说明，相关用语具有与《湖北菲利华石英玻璃股份有限 公司 2025 年度以简易程序向特定对象发行股票预案》中相同的含义。） 湖北菲利华石英玻璃股份有限公司 Hubei Feilihua Quartz Glass Co., Ltd. （荆州市东方大道68号） 2025 年度以简易程序向特定对象发行股票 募集资金使用可行性分析报告 二〇二五年十月 一、本次募集资金使用计划 本次发行股票募集资金总额不超过（含）人民币 30,000.00 万元，扣除发行 费用后将全部用于如下投资项目： 单 ...

湖北菲利华石英玻璃股份有限公司 前次募集资金使用情况 . 鉴证报告 - 勤信专字【2025】第 1994 号 证明该审计报告是否由具有执业许可的会议 您可使用手机"扫一扫"或进入"注 目 录 内容 页 次 鉴证报告 1-2 附件: 湖北菲利华石英玻璃股份有限公司 关于前次募集资金使用情况的报告 中勤万信会计师事务所 地址:北京西直门外大街 112 号阳光大厦 10 层 电话:(86-10) 68360123 传真:(86-10) 68360123-3000 邮编:100044 湖北菲利华石英玻璃股份有限公司 前次募集资金使用情况鉴证报告 勤信专字【2025】第 1994 号 湖北菲利华石英玻璃股份有限公司全体股东: 我们接受委托,对后附的湖北菲利华石英玻璃股份有限公司(以下简称"贵 公司")编制的截至 2025年 6 月 30 日止《前次募集资金使用情况的报告》进行 鉴证。 一、管理层的责任 按照中国证券监督管理委员会颁布的《监管规则适用指引一发行类 7 号》编 制《前次募集资金使用情况的报告》,并保证其内容真实、准确、完整,不存在 虚假记录、误导性陈述或重大遗漏;提供真实、合法、完整的相关资料以及我们 认为 ...

Market Overview - The aviation equipment sector experienced a decline of 1.07% on October 10, with Hangyu Technology leading the drop [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Notable gainers in the aviation equipment sector included: - Beimo Gaoke (002985) with a closing price of 30.86, up 4.22% [1] - Chenxi Aviation (300581) at 17.51, up 4.10% [1] - ST Lian Shi (000697) at 9.37, up 3.42% [1] - Major decliners included: - Hangyu Technology (688239) at 42.33, down 4.88% [2] - Feili Hua (300395) at 73.69, down 4.84% [2] - Hangya Technology (688510) at 25.38, down 4.69% [2] Capital Flow - The aviation equipment sector saw a net outflow of 708 million yuan from institutional investors, while retail investors contributed a net inflow of 137 million yuan [2][3] - Specific stock capital flows included: - Chenxi Aviation (300581) with a net inflow of 11.41% from institutional investors [3] - ST Lian Shi (000697) with a net inflow of 7.18% from institutional investors [3] - Other stocks like Sanjiao Defense (300775) and Lijun Co. (002651) also showed varied net inflows and outflows [3]

Core Viewpoint - The report highlights that the evolution of AI computing hardware is driving structural growth opportunities in the PCB (Printed Circuit Board) industry, with significant demand for high-layer and HDI boards due to the increasing requirements of AI applications and high-performance computing [1][27]. Industry Overview - The global PCB market size is projected to grow from $62 billion in 2020 to $75 billion in 2024, with a compound annual growth rate (CAGR) of 4.9%. By 2029, the market is expected to reach $93.7 billion, with a CAGR of 4.6% from 2024 to 2029 [1][27]. - The AI and high-performance computing sectors are anticipated to see substantial growth, with the market size expected to reach $15 billion by 2029, reflecting a CAGR of 20.1% from 2024 to 2029 [1][27]. Demand Drivers - The demand for high-layer PCBs and HDI boards is rapidly increasing, driven by the need for high-frequency, low-signal loss, and high-heat dissipation performance in AI servers. The value of a single AI server PCB is significantly higher than that of traditional servers [1][27]. - The market for high-layer PCBs is projected to reach $171 billion by 2029, while the share of high-end HDI boards in the global HDI market is expected to rise from 47% in 2024 to 57% in 2029, with a market size of $9.6 billion [1][27]. Technological Advancements - AI server requirements are pushing PCB technology upgrades, necessitating the use of high-layer (14-30 layers) and low-loss materials. This includes the adoption of low roughness reverse (RTF) copper foil and very low loss materials to minimize signal distortion [1][27]. - The report emphasizes the importance of material upgrades, such as the transition from traditional fiberglass cloth to low dielectric constant Q cloth, to meet the evolving demands of high-frequency applications [1][27]. Company Strategies - Companies in the PCB sector are actively expanding their capabilities. For instance, companies like Huadian Co. are advancing high-end PCB production, while Shenghong Technology has the capacity for mass production of high-layer boards and HDI boards [1][27]. - Equipment manufacturers like Chip Microelectronics and Dazhu CNC are introducing laser equipment tailored for high-end PCB processing, while material suppliers like Honghe Technology and Feilihua are developing low-dielectric electronic fabrics and high-end copper foils [1][27].

Core Insights - The report emphasizes that the commercialization of AI applications is approaching a critical turning point, with a focus on domestic computing power and rapidly advancing application verticals [6][7][8] - The demand for AI applications is reflected in the significant increase in Tokens consumption, indicating a rapid expansion of AI application needs across various sectors such as AI programming, AI multimodal, AI advertising, AI education, and AI healthcare [7][8] - The report highlights the strong performance of the overseas computing power chain, with a 255% increase since April 9, 2025, while domestic computing power, particularly the Huawei chain, has seen a more modest increase of 71% [9] Market Performance - The Shanghai Composite Index closed at 3862.53, up 0.90%, while the Shenzhen Component Index rose by 2.05% to 13479.43 [3] - The performance of various industry indices shows that non-bank financials increased by 3.84%, and metals by 3.78%, while coal and oil sectors experienced declines [4] Industry Focus - The report identifies key investment opportunities in the domestic computing power and AI application sectors, particularly those related to Huawei's computing power and software chains, which are expected to yield favorable performance in the near term [9] - The AI application business model is transitioning from concept validation to revenue generation, with a clear need for established overseas business models to guide domestic market development [7][8]

Market Performance - The aviation equipment sector rose by 1.05% on September 29, with Filihua leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Individual Stock Performance - Filihua (300395) closed at 75.71, with a gain of 5.24% and a trading volume of 247,400 shares, amounting to a transaction value of 1.848 billion yuan [1] - Other notable performers included: - *ST Guanqu (688287): closed at 5.09, up 3.04% [1] - Hitec (002023): closed at 12.42, up 2.99% [1] - Guangqi Technology (002625): closed at 49.67, up 2.96% [1] - Aero Engine Corporation (600893): closed at 40.36, up 1.92% [1] Capital Flow Analysis - The aviation equipment sector experienced a net outflow of 170 million yuan from institutional investors, while retail investors saw a net inflow of 1.41 billion yuan [2][3] - Notable capital flows included: - Aero Engine Corporation (600893): net outflow of 61.49 million yuan from institutional investors [3] - Filihua (300395): net outflow of 12.83 million yuan from institutional investors [3] - Aviation Technology (688239): net inflow of 34.18 million yuan from retail investors [3]

Company Overview - Hubei Feilihua Quartz Glass Co., Ltd. is located at 68 Dongfang Avenue, Jingzhou, Hubei Province, and was established on January 22, 1999. The company was listed on September 10, 2014. Its main business involves the production and sales of high-performance quartz glass materials and products for various fields including optical communication, semiconductors, solar energy, and aerospace [1]. Financial Performance - As of September 29, Feilihua's stock price increased by 5.48%, reaching 75.88 CNY per share, with a trading volume of 1.139 billion CNY and a turnover rate of 3.00%. The total market capitalization stands at 39.63 billion CNY [1]. - The revenue composition of the company is as follows: quartz glass materials account for 70.80%, quartz glass products for 28.91%, and other revenues for 0.30% [1]. Fund Holdings - Dachen Fund has a significant holding in Feilihua, with its Dachen National Security Theme Flexible Allocation Mixed A Fund (002567) holding 64,800 shares, which represents 5.09% of the fund's net value, making it the fourth-largest holding. The fund reduced its position by 100 shares in the second quarter [2]. - The Dachen National Security Theme Flexible Allocation Mixed A Fund was established on May 4, 2016, with a current scale of 26.27 million CNY. Year-to-date, it has achieved a return of 14.99%, ranking 5145 out of 8244 in its category, while its one-year return is 4.38%, ranking 7468 out of 8080. Since inception, the fund has returned 59.6% [2]. Fund Management - The fund manager of Dachen National Security Theme Flexible Allocation Mixed A is Wang Shuai, who has been in the position for 3 years and 304 days. The total asset size of the fund is 1.894 billion CNY, with the best return during his tenure being 60.57% and the worst being -20.92% [3].