Summary of Key Points Core Viewpoint - The recent block trading activity of Feirongda indicates significant institutional interest, with a notable discount to the market price, suggesting potential investment opportunities for discerning investors [2][3]. Trading Activity - On January 9, Feirongda experienced 12 block trades, totaling 1.892 million shares and a transaction value of 55.1896 million yuan, with an average transaction price of 29.17 yuan, reflecting an 11.50% discount compared to the closing price [2]. - Over the past three months, Feirongda has recorded 67 block trades, amounting to a total transaction value of 232 million yuan [2]. Market Performance - The closing price of Feirongda on January 9 was 32.96 yuan, marking a 2.84% increase, with a daily turnover rate of 7.55% and a total transaction volume of 972 million yuan [2]. - The net inflow of main funds for the day was 63.6917 million yuan, while the stock has seen a cumulative decline of 0.60% over the past five days, with a total net outflow of 143 million yuan during the same period [2]. Margin Trading Data - The latest margin financing balance for Feirongda stands at 599.7 million yuan, having decreased by 79.8922 million yuan, which represents an 11.80% decline over the past five days [2].

证券代码：300602 证券简称：飞荣达 公告编号：2026-001 深圳市飞荣达科技股份有限公司 关于控股股东、实际控制人股份减持实施完毕及其一致行动人 减持计划实施进展的公告 控股股东、实际控制人马飞先生及其一致行动人黄峥女士、马军先生、宁波 飞驰荣达股权投资有限公司保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 深圳市飞荣达科技股份有限公司（以下简称"公司"或"飞荣达"）于2025年10 月15日披露了《关于控股股东、实际控制人及其一致行动人股份减持计划的预披露 公告》（公告编号：2025-068），控股股东、实际控制人马飞先生计划以大宗交易方 式减持其直接持有公司股份合计不超过1,158,212股，占公司总股本的0.1991%（以 公司总股本58,186.3431万股为基数，下同）；其一致行动人黄峥女士计划以大宗交易 方式减持其直接持有公司股份合计不超过5,818,634股，占公司总股本的1.0000%； 其一致行动人宁波飞驰荣达股权投资有限公司（以下简称"飞驰投资"）计划以大宗 交易及集中竞价交易方式合计 ...

Core Viewpoint - The wave-absorbing materials industry in China is experiencing unprecedented growth opportunities driven by the proliferation of 5G/6G communication technologies, explosive growth in the electric vehicle industry, and accelerated modernization of national defense. The market size is projected to grow from 9.2 billion yuan in 2019 to 15.2 billion yuan by 2024, with a compound annual growth rate (CAGR) of 10.6% [1][6]. Industry Overview - Wave-absorbing materials are designed to absorb or significantly reduce electromagnetic wave energy, thereby minimizing interference. They are required to have high absorption rates across a wide frequency range, as well as lightweight, temperature resistance, moisture resistance, and corrosion resistance [2][3]. - The classification of wave-absorbing materials includes absorption-type, interference-type, and various loss mechanisms such as resistive, dielectric, and magnetic loss types [2]. Industry Value Chain - The upstream raw materials for wave-absorbing materials include non-ferrous metals such as iron, copper, nickel, chromium, silicon, titanium, and aluminum. The midstream involves the production and manufacturing of wave-absorbing materials, while the downstream applications span electric vehicles, 5G communication, consumer electronics, and photovoltaic energy storage [3][4]. Current Industry Status - The global market for wave-absorbing materials is on an upward trend, expected to reach 6.138 billion USD by 2024, reflecting a year-on-year increase of 6.8%. This growth is primarily driven by demand in military, aerospace, communication, and electronic information sectors [5][6]. Competitive Landscape - Historically, the wave-absorbing materials market has been dominated by foreign manufacturers such as ARC, 3M, DuPont, Henkel, TDK, and NEC. However, domestic companies in China are advancing technologically, with firms like Shenzhen Feirongda Technology Co., Ltd., Beikong Technology Co., Ltd., and others achieving competitive product standards [7][8]. Industry Development Trends 1. **Performance Improvement**: Future developments will focus on enhancing performance in high-frequency absorption, wide frequency coverage, and multifunctional integration. The rise of 5G/6G communication and millimeter-wave radar technologies necessitates materials that maintain excellent absorption performance at high frequencies [9]. 2. **Application Expansion**: Initially used in military applications, wave-absorbing materials are now extending into civilian sectors, including smart vehicles and IoT, where they help mitigate electromagnetic interference and enhance system reliability [10][11]. 3. **Green and Intelligent Transformation**: The industry is moving towards smart manufacturing and green production practices, emphasizing the use of eco-friendly raw materials and low-emission processes, such as water-based coating technologies [12].

Group 1 - The company Feirongda (300602.SZ) has announced a collaboration with UBTECH in the field of artificial intelligence [1] - The partnership involves providing customers with thermal management solutions and related products [1]

Group 1 - The company Feirongda has established a collaboration with Ubtech in the field of artificial intelligence [1]

Group 1 - The company has not yet applied its products and technologies in commercial aerospace sectors such as satellites, launch vehicles, and other aircraft products [1] - The company acknowledges the demand for products related to electromagnetic shielding and thermal management in these fields and will actively monitor the development trends in the commercial aerospace sector [1] - The company is open to considering and evaluating any measures that could benefit its development in the future [1]

Core Viewpoint - Feirongda (300602.SZ) has indicated that its products are not yet applied in commercial aerospace sectors such as satellites, launch vehicles, and other aircraft products [1] Group 1: Company Developments - The company is aware of the demand for electromagnetic shielding and thermal management products in the aerospace sector [1] - Feirongda will actively monitor the development trends in the commercial aerospace field [1] - The company is open to considering and evaluating any measures that could benefit its development [1]

Core Viewpoint - Feirongda (300602.SZ) has indicated that its products are not yet applied in commercial aerospace sectors such as satellites, launch vehicles, and other aircraft products [1] Group 1: Company Developments - The company is aware of the demand for electromagnetic shielding and thermal management products in the aerospace sector [1] - Feirongda will actively monitor the development trends in the commercial aerospace field [1] - The company is open to considering and evaluating any measures that could benefit its development [1]

Group 1 - The stock of Feirongda closed down by 2.50% on December 31, with a closing price of 33.16 yuan, and recorded 6 block trades totaling 529,300 shares and a transaction amount of 15.97 million yuan [1] - The first four block trades all occurred at a price of 30.18 yuan, with a total of 36,830 shares traded and a total transaction amount of approximately 1.10 million yuan, all showing a premium rate of -8.99% [1] - The last two block trades also occurred at the same price of 30.18 yuan, with a total of 16,300 shares traded and a total transaction amount of approximately 491.93 thousand yuan, maintaining the same premium rate of -8.99% [2] Group 2 - Over the past three months, Feirongda has recorded a total of 52 block trades, with a cumulative transaction amount of 170 million yuan [2] - In the last five trading days, the stock has declined by 2.44%, with a net outflow of 391 million yuan from the main capital [2]

Core Viewpoint - The company Feirongda (300602.SZ) has a diverse range of applications for its products across various sectors, including consumer electronics, network communication, data centers, servers, new energy vehicles, photovoltaic energy storage, artificial intelligence, medical devices, and home appliances [1][4]. Group 1: Client Segments - Data center and server clients include major companies such as H Company, ZTE, Cisco, Inspur, Datang Mobile, Yonghong Super Micro, H3C, Super Fusion, Lenovo, Wistron, Wistron NeWeb, Compal, Asus, Oriental Communication, and Shenzhou Kuntai [1][4]. - Consumer electronics clients feature prominent names like H Company, Samsung, Honor, Lenovo, Dell, HP, Xiaomi, and Meta, among others [1][4]. - Other consumer clients include GoerTek and Sony [1][4]. Group 2: New Energy and Automotive Clients - New energy vehicle battery manufacturers include CATL, BYD, Xinwangda, LG New Energy, Zhongchuang Xinhang, Ruipu Lanjun, Guoxuan High-Tech, and Funeng Technology [1][4]. - Automotive clients consist of GAC, BAIC, Changan, Geely, Li Auto, NIO, Xiaopeng, and Seres [1][4]. Group 3: Inverter and Control Clients - Inverter clients include H Company, GoodWe, and Solis, among other significant customers [1][6]. - Control system clients comprise Huichuan and Weimais [1][6].