关于公司部分董事、高级管理人员减持期限届满未减持股份的公告 公司董事兼总裁范国栋先生、高级副总裁兼财务总监韩驭安先生、副总裁陈 足意先生保证向本公司提供的信息内容真实、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。 株洲飞鹿高新材料技术股份有限公司（以下简称"公司"）于 2025 年 8 月 4 日披露了《关于公司部分董事、高级管理人员减持股份的预披露公告》（公告 编号：2025-090）。 证券代码：300665 证券简称：飞鹿股份 公告编号：2025-128 持有公司股份 882,175 股（占公司总股本比例 0.40%）的董事兼总裁范国栋 先生计划自公告之日起十五个交易日（即 2025 年 8 月 26 日）后三个月内以大宗 交易或集中竞价方式减持公司股份合计不超过 198,000 股（不超过公司总股本的 0.09%）； 株洲飞鹿高新材料技术股份有限公司 高级副总裁兼财务总监韩驭安先生、副总裁陈足意先生在减持期间内未通过任何 方式减持所持公司股票。 注：1、由于公司 2024 年业绩未达到 2022 年限制性股票激励计划首次授予部分 ...

Core Viewpoint - The announcement details a share transfer agreement between shareholder Zhang Weiguo and Shanghai Xiaoguang Intelligent Technology Co., Ltd., resulting in a change of the controlling shareholder to Xiaoguang Intelligent [1] Group 1: Share Transfer Details - On August 22, 2025, Zhang Weiguo signed a share transfer agreement with Xiaoguang Intelligent, transferring 11 million shares at a price of 12.67 yuan per share, totaling 139 million yuan [1] - The share transfer was completed on November 19, 2025, with the registration of the transfer at the securities registration and settlement company [1] Group 2: Ownership Structure - Following the transfer, Xiaoguang Intelligent holds 11 million shares, representing 5.02% of the company's total share capital [1] - Xiaoguang Intelligent has 40.9669 million shares with voting rights, accounting for 18.71% of the total share capital [1] - The controlling shareholder of the company has changed to Xiaoguang Intelligent [1]

证券代码：300665 证券简称：飞鹿股份 公告编号：2025-127 株洲飞鹿高新材料技术股份有限公司 关于股份协议转让完成过户登记暨公司控股股东发生变更的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1、2025 年 8 月 22 日，株洲飞鹿高新材料技术股份有限公司（以下简称"公 司"）股东章卫国先生与上海骁光智能技术有限公司（以下简称"骁光智能"） 签署《股份转让协议》，约定骁光智能以协议转让的方式受让章卫国先生持有的 公司 1,100 万股股份（以下简称"股份协议转让"）。 2、本次股份协议转让事宜已在中国证券登记结算有限责任公司办理完成过 户登记手续，并取得了《证券过户登记确认书》。至此，骁光智能持有公司股份 11,000,000 股，占公司总股本比例为 5.02%。 一、股份协议转让相关情况概述 2025 年 8 月 22 日，章卫国先生与骁光智能签署《股份转让协议》，章卫国 先生通过股份协议转让方式合计将持有公司的 1,100 万股股份（占上市公司目前 总股本 218,945,730 股的 5.02%）转让给骁光智能，本 ...

2024年1至12月份，飞鹿股份的营业收入构成为：轨道交通装备占比45.72%，新能源占比24.31%，民用 建筑占比18.94%，轨道交通工程占比9.82%，其他行业占比1.2%。 每经AI快讯，飞鹿股份（SZ 300665，收盘价：10.09元）11月17日晚间发布公告称，公司于近日收到股 东何晓锋先生、刘雄鹰先生出具的《关于减持期限届满暨减持结果的告知函》。公司股东何晓锋、刘雄 鹰减持计划实施完毕，共减持公司股份约413万股，减持股份占公司总股份为1.89%。 每经头条（nbdtoutiao）——段睿：我与蔡磊是 "找钥匙的人"，纵使生前寻不到，也要为其他渐冻症患 者铺就近路 （记者 曾健辉） 截至发稿，飞鹿股份市值为22亿元。 ...

证券代码：300665 证券简称：飞鹿股份 公告编号：2025-126 株洲飞鹿高新材料技术股份有限公司 关于公司股东减持期限届满暨减持结果的公告 公司股东何晓锋先生、刘雄鹰先生保证向本公司提供的信息内容真实、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。 株洲飞鹿高新材料技术股份有限公司（以下简称"公司"）于2025年8月11 日披露了《关于公司股东减持股份预披露的公告》（公告编号：2025-098）：持 有公司股份3,033,723股的股东何晓锋先生计划自公告之日起三个交易日（即2025 年8月15日）后三个月内以大宗交易或集中竞价方式减持公司股份合计不超过 3,033,723股；持有公司股份3,377,576股的股东刘雄鹰先生计划自公告之日起三个 交易日（即2025年8月15日）后三个月内以大宗交易或集中竞价方式减持公司股 份合计不超过3,377,576股。 公司于近日收到股东何晓锋先生、刘雄鹰先生出具的《关于减持期限届满暨 减持结果的告知函》。截至本公告披露日，上述减持计划期限已届满。现将具体 情况公告如下： 一、股东减持情况 | ...

Core Viewpoint - The company, Feilu Co., Ltd. (300665.SZ), is actively involved in the production of new energy materials primarily used in energy storage, power batteries, and photovoltaic components, with a focus on various adhesive products [1] Group 1: Product Applications - The company's new energy materials are applied in energy storage, power battery cells, and photovoltaic components, including products like sealing adhesives, potting adhesives, thermal conductive gels, thermal insulation reflective coatings, termination tapes, high-temperature tapes, expansion tapes, and protective tapes [1] - In the energy storage sector, the company offers products from battery cells to integration, including self-developed PI high-temperature tapes, TPU expansion tapes, and termination tapes, which have achieved mass supply in battery cell applications [1] Group 2: Partnerships and Collaborations - The company has established deep business collaborations with battery cell manufacturers such as Desay Battery and Penghui Energy [1] - The self-developed thermal conductive gels, potting adhesives, and thermal insulation reflective coatings have secured mass orders from multiple domestic energy storage integrators, with the potting adhesive successfully applied in Funeng Technology's power battery packs [1] Group 3: Product Performance and Certifications - The thermal conductive gel has formed a deep business relationship with Tongqi New Energy, while the thermal insulation reflective coating is used by leading domestic energy storage integrators and fully immersed energy storage systems, receiving high recognition from customers for its performance [1] - The company's photovoltaic material series products have passed TUV, UL, and customer certifications, and are being supplied in bulk to photovoltaic component manufacturers [1]

Core Viewpoint - Feilu Co., Ltd. is a leading enterprise in the domestic coating industry, focusing on the research and development of high-tech coating materials such as anti-corrosion and waterproof coatings, with a differentiated advantage in technology and service integration [1] Group 1: Business Performance - In Q3 2025, Feilu's operating revenue was 390 million yuan, ranking 12th out of 16 in the industry, significantly lower than the industry leader Baihehua at 1.638 billion yuan and the second place Baolijia at 1.382 billion yuan [2] - The net profit for the same period was -65.65 million yuan, placing the company at the bottom of the industry rankings, far behind the top performers Megachip and Baihehua, which reported net profits of 165 million yuan and 157 million yuan respectively [2] Group 2: Financial Ratios - As of Q3 2025, Feilu's debt-to-asset ratio was 67.56%, a decrease from 72.05% year-on-year, but still significantly higher than the industry average of 36.42%, indicating substantial debt pressure [3] - The gross profit margin for Q3 2025 was 6.87%, a sharp decline from 12.49% in the previous year, and below the industry average of 23.67%, reflecting weak profitability [3] Group 3: Management Team - The chairman, Zhang Jianjia, is young and highly educated, with degrees from the University of New South Wales and the University of Liverpool, and has experience at Debon Securities and Shenwan Hongyuan Securities [4] - The president, Fan Guodong, born in December 1977, is an experienced senior engineer in the coating industry, with a 2024 salary of 448,200 yuan, a slight decrease from 459,600 yuan in 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 63.61% to 18,400, while the average number of circulating A-shares held per account decreased by 4.86% to 11,900 [5]

Group 1 - The company Feilu Co., Ltd. (SZ 300665) reported a revenue of approximately 390 million yuan for the first three quarters of 2025, representing a year-on-year increase of 23.98% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 65.97 million yuan [1] - The basic earnings per share showed a loss of 0.3384 yuan [1]

Financial Performance - Q3 2025 revenue was CNY 151.61 million, a decrease of 1.74% year-on-year, while year-to-date revenue increased by 23.98% to CNY 389.69 million[5]. - Net profit attributable to shareholders was a loss of CNY 27.31 million for Q3 2025, down 47.40% year-on-year, with a year-to-date loss of CNY 65.97 million, a slight increase of 0.41%[5]. - The basic and diluted earnings per share for Q3 2025 were both CNY -0.1343, reflecting a decrease of 37.32% compared to the same period last year[5]. - The company reported total operating revenue of RMB 389,694,123.30 for the current period, an increase from RMB 314,326,388.14 in the previous period, reflecting a growth of approximately 24%[25]. - Net profit for the period was ¥-65,652,521.25, slightly improved from ¥-66,193,747.67 in the previous period, indicating a reduction in losses[27]. - Total comprehensive income for the period was ¥-65,652,521.25, compared to ¥-66,193,747.67 in the previous period, showing a marginal improvement[27]. - Basic and diluted earnings per share improved to ¥-0.3384 from ¥-0.3496, indicating a slight reduction in loss per share[27]. Assets and Liabilities - Total assets at the end of Q3 2025 were CNY 1.74 billion, down 4.54% from the end of the previous year[5]. - The company's total assets decreased to RMB 1,738,860,989.06 from RMB 1,821,585,810.39, a decline of approximately 4.5%[24]. - The company's total liabilities decreased to RMB 1,174,818,777.06 from RMB 1,390,632,674.90, representing a reduction of about 15.5%[24]. - Shareholders' equity increased by 30.62% year-on-year to CNY 552.30 million[5]. - The company's equity attributable to shareholders increased to RMB 552,299,907.83 from RMB 422,825,536.06, marking an increase of approximately 30.6%[24]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 13.71 million year-to-date, an improvement of 54.46% compared to the previous year[5]. - Operating cash flow net amount was ¥-13,714,233.00, an improvement from ¥-30,115,940.47 year-over-year[28]. - Cash and cash equivalents at the end of the period increased to ¥85,274,868.74 from ¥35,057,396.17, showing a significant rise of approximately 143.5%[29]. - Financing activities produced a net cash inflow of ¥54,188,742.31, a substantial increase from ¥1,465,853.17 year-over-year[29]. - Investment activities generated a net cash outflow of ¥-27,507,369.16, compared to ¥-32,575,803.54 in the previous period, indicating a reduction in cash outflow[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,373[11]. - The largest shareholder, Zhang Weiguo, holds 18.71% of the shares, amounting to 40,966,913 shares[11]. - The total number of restricted shares at the beginning of the period was 1,021,031, with 240,000 shares released during the period, resulting in 874,781 restricted shares at the end[14]. - The company has not identified any related party relationships among the top 10 shareholders[11]. Investments and Financing - The company reported a significant increase in receivables financing, up 77.15% to CNY 70.18 million, attributed to an increase in receivables financing notes received[9]. - Investment income for the year-to-date period increased by 211.20% to CNY 2.87 million, primarily due to gains from the transfer of equity interests in joint ventures[10]. - The company reported a 100% reduction in trading financial assets, with no new investments made during the period[9]. - The company plans to redeem all "Feilu Convertible Bonds" on August 11, 2025, with a total redemption amount of 1,013,644.55 yuan[15]. - The company has 10,081 "Feilu Convertible Bonds" remaining to be redeemed at a price of 100.55 yuan per bond[15]. - Xiangguang Intelligent has agreed to provide an unsecured loan of at least 50 million yuan to the company[18]. - The company will issue between 32 million and 40 million shares at a price of 8.08 yuan per share, raising up to 32.32 million yuan for working capital[18]. - A change in control occurred with the transfer of 11 million shares from Zhang Weiguo to Xiangguang Intelligent Technology Co., Ltd.[16]. - The voting rights of 29,966,913 shares have been irrevocably entrusted to Xiangguang Intelligent[16]. Operational Metrics - The company experienced a 42.47% decrease in taxes and surcharges, totaling CNY 1.80 million, due to the absence of pre-paid VAT from the previous year[10]. - The company completed the repurchase and cancellation of 1,174,500 shares of restricted stock due to unmet performance conditions and employee departures[19]. - As of July 28, 2025, the company received a total of RMB 50,391,600 from 51 incentive participants for stock options under the 2023 stock option incentive plan[20]. - The company's cash and cash equivalents increased to RMB 110,466,208.74 from RMB 105,256,769.22, showing a growth of about 2%[22]. - The company reported a decrease in accounts receivable to RMB 462,077,393.44 from RMB 503,308,330.90, a decline of about 8.2%[23]. - The company’s inventory decreased to RMB 175,749,745.14 from RMB 193,482,452.14, reflecting a decline of approximately 9.2%[23]. - Total operating costs increased to ¥460,776,165.40 from ¥383,876,190.47, representing a growth of approximately 20.1% year-over-year[26]. - Research and development expenses rose to ¥18,554,255.43 from ¥17,843,457.64, reflecting a year-over-year increase of approximately 4%[26]. - Sales revenue from goods and services received cash of ¥294,686,596.60, up from ¥269,341,433.08, marking an increase of about 9.5%[28].

Core Viewpoint - Recent actions by Feilu Co., Ltd. have drawn significant attention in the capital market, particularly regarding its capital operations and control changes involving major shareholders [1][2]. Group 1: Capital Operations - Feilu Co., Ltd. is advancing a private placement plan to raise 323 million yuan while the original controlling shareholder, Zhang Weiguo, is transferring shares and delegating voting rights, resulting in a control change [1]. - Zhang Weiguo has executed a "combination punch" strategy involving "share transfer + voting rights delegation + private placement," cashing out 139 million yuan [1]. - The company has received approval for its private placement plan, which aims to issue 32 to 40 million shares at a price of 8.08 yuan per share, raising a total of 323 million yuan [2]. Group 2: Shareholder Dynamics - The new controlling entity, Xiaoguang Intelligent, is acquiring shares at a significantly lower price compared to the transfer price from Zhang Weiguo, raising concerns about the fairness of the pricing [3]. - Xiaoguang Intelligent, established shortly before the transaction, is perceived as a "shell" company, with its actual controller, Yang Yixiao, having a background in investments [2]. Group 3: Financial Performance - Feilu Co., Ltd. has been experiencing deteriorating financial performance, reporting a net loss of 140 million yuan in 2024, a 776% decline year-on-year [3]. - As of June 2025, the company's debt-to-asset ratio reached 77.39%, with cash reserves of 107 million yuan insufficient to cover short-term debts of 359 million yuan and long-term debts of 234 million yuan [3]. - The private placement price of 8.08 yuan per share is 56.4% lower than the share transfer price of 12.6694 yuan, highlighting a significant price discrepancy that raises questions about pricing fairness [3].