Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [5][18]. Core Insights - The company achieved steady revenue growth, with a 31.63% year-on-year increase in revenue for the first half of 2025, reaching 860 million yuan. However, the net profit attributable to the parent company decreased by 15.89% to 75 million yuan due to rising raw material costs and high fixed costs from a newly established subsidiary in Thailand [2][4]. - The company is actively expanding its global presence, having established trade companies in Hong Kong and Japan, and is set to commence production in Thailand in the second half of 2024. This expansion includes successful mass production of complex products such as HDI boards and optical modules [2][3]. - The company has established long-term partnerships with leading firms in the industrial control and automotive electronics sectors, with over 80% of its revenue coming from these areas. It is also focusing on AI-driven products and services, positioning itself to capitalize on emerging opportunities in the robotics and AIOT sectors [3][4]. Financial Summary - Revenue projections for 2025-2027 are estimated at 19.16 billion yuan, 24.63 billion yuan, and 31.00 billion yuan, respectively. Net profits for the same period are expected to be 2.08 billion yuan, 2.71 billion yuan, and 3.46 billion yuan [4][10]. - The company's P/E ratios are projected to decrease from 25.0 in 2025 to 14.8 by 2027, indicating potential value appreciation as earnings grow [4][10]. - The report highlights a decrease in return on equity (ROE) from 13.5% in 2023 to an estimated 8.7% in 2024, with a gradual recovery expected thereafter [10].

Market Performance - The component sector increased by 2.69% on August 29, with Jianghai Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Top Gainers - Jianghai Co., Ltd. (002484) closed at 33.31, up 10.01% with a trading volume of 1.3678 million shares [1] - Xinsen Technology (002436) also rose by 10.01% to 21.00, with a trading volume of 2.5926 million shares [1] - Other notable gainers include: - Qiaohui Fushi (300852) up 9.16% to 39.55 [1] - Dongshan Precision (002384) up 8.34% to 66.02 [1] - Huhua Electric (002463) up 7.28% to 68.79 [1] Top Losers - Fangbang Co., Ltd. (688020) saw a decline of 9.16%, closing at 68.91 [2] - Huilun Crystal (300460) decreased by 7.54% to 10.54 [2] - Other significant declines include: - Zhongfu Circuit (300814) down 6.30% to 45.10 [2] - Zecheng Electronics (837821) down 5.72% to 34.29 [2] Capital Flow - The component sector experienced a net outflow of 748 million yuan from institutional investors, while retail investors saw a net outflow of 198 million yuan [2][3] - Conversely, speculative funds recorded a net inflow of 945 million yuan [2][3] Individual Stock Capital Flow - Xinsen Technology (002436) had a net inflow of 5.71 billion yuan from institutional investors, while it faced a net outflow of 2.15 billion yuan from speculative funds [3] - Other stocks with notable capital flows include: - Shiyun Circuit (603920) with a net inflow of 3.05 billion yuan from institutional investors [3] - Huhua Electric (002463) with a net inflow of 2.40 billion yuan from institutional investors [3]

Group 1 - The company, Si Hui Fu Shi (stock code: 300852), announced the completion of the repurchase and cancellation of 1,179,800 shares [1] - The share cancellation was confirmed by the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. [1] - The cancellation of shares took place on August 27, 2025 [1]

| 证券代码：300852 | 证券简称：四会富仕 | 公告编号：2025-065 | | --- | --- | --- | | 债券代码：123217 | 债券简称：富仕转债 | | 四会富仕电子科技股份有限公司 关于回购股份注销完成暨股份变动的公告 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。 3、截至2025年2月17日，公司回购股份完成，通过股份回购专用证券账户以集中 竞价交易方式回购公司股份1,179,800股，已回购股份占公司总股本的比例为0.83%， 最高成交价为32.2元/股，最低成交价为20.26元/股，成交总金额为31,041,717.8元 （不含交易费用）。公司回购股份总金额已超回购方案中回购资金总额下限2,000万 元，且未超过回购方案中回购资金总额上限4,000万元。上述情况符合公司既定的回 购股份方案及法律法规的要求，实际执行情况与原披露的回购股份方案不存在差异。 详见公司2025年2月17日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于 回购公司股份实施完成暨股份变动公告》（公告编号：2025-0 ...

| 证券代码：300852 | 证券简称：四会富仕 | 公告编号：2025-066 | | --- | --- | --- | | 债券代码：123217 | 债券简称：富仕转债 | | 四会富仕电子科技股份有限公司 关于富仕转债转股价格调整的公告 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。 特别提示： 1、债券代码：123217 债券简称：富仕转债 2、调整前转股价格：29.54元/股 根据《四会富仕电子科技股份有限公司向不特定对象发行可转换公司债券募集 说明书》（以下简称"《募集说明书》"）中"转股价格的调整方式及计算公式" 条款的规定：当公司可能发生股份回购、合并、分立或任何其他情形使公司股份类 别、数量和/或股东权益发生变化从而可能影响本次发行的可转换公司债券持有人的 债权利益或转股衍生权益时，公司将视具体情况按照公平、公正、公允的原则以及 充分保护本次发行的可转换公司债券持有人权益的原则调整转股价格。有关转股价 格调整内容及操作办法将依据当时国家有关法律法规及证券监管部门的相关规定来 制订。 二、"富仕转债" 转股价历次调整情况 （一）公司于20 ...

Group 1 - The company, Siwei Fushi (300852.SZ), has announced that its PCB for optical modules has entered mass production [1] - Currently, the revenue contribution from this product line is relatively low [1]

证券日报网讯 8月27日晚间，四会富仕发布公告称，公司第三届监事会第七次会议审议通过了《关于及 其摘要的议案》等多项议案。 （文章来源：证券日报） ...

证券日报网讯 8月27日晚间，四会富仕发布公告称，公司第三届董事会第十一次会议审议通过了《关于 及其摘要的议案》等多项议案。 （文章来源：证券日报） ...

智通财经APP讯，四会富仕(300852.SZ)发布2025年半年度报告，该公司营业收入为8.6亿元，同比增长 31.63%。归属于上市公司股东的净利润为7538.95万元，同比减少15.89%。归属于上市公司股东的扣除 非经常性损益的净利润为6487.35万元，同比减少16.39%。基本每股收益为0.5292元。 ...

法定代表人：刘天明 主管会计工作负责人：谭丹 会计机构负责人：谭丹 汇总表第 1页 四会富仕电子科技股份有限公司 2025 年半年度 非经营性资金占用及其他关联资金往来情况汇总表 注：①表中非经营性占用部分，关联方范围依照《创业板上市规则》确定。②无控股股东、实际控制人的公司，存在第一大股东或第一大股东关联人非经营性占用资金的，也应填写本表非 经营性占用部分。 单位：人民币万元 非经营性资金占用 资金占用方名称 占用方与上市公 司的关联关系 上市公司核算 的会计科目 2025 年期初 占用资金余 额 2025年1-6月占 用累计发生金 额（不含利息） 2025 年 1-6 月 占用资金的利 息(如有) 2025 年 1-6 月偿还累计 发生金额 2025 年6月 期末占用 资金余额 占用形成原 因 占用性质 控股股东、实际控制 人及其附属企业 小计 - - - - 前控股股东、实际控 制人及其附属企业 小计 其他关联方及附属 企业 小计 总计 其它关联资金往来 资金往来方名称 往来方与上市公 司的关联关系 上市公司核算 的会计科目 2025 年 期 初 往 来 资 金 余 额 2025年1-6月往 来累计 发 ...