Core Viewpoint - Feiwo Technology's stock price increased by 5.68% to 44.28 CNY per share, with a trading volume of 249 million CNY and a turnover rate of 13.00%, resulting in a total market capitalization of 3.328 billion CNY [1] Company Overview - Hunan Feiwo New Energy Technology Co., Ltd. is located in Changde City, Hunan Province, and was established on July 20, 2012. The company went public on June 15, 2023. Its main business involves the research and development, manufacturing of high-strength fasteners, and providing comprehensive fastening system solutions as a national high-tech enterprise [1] - The revenue composition of the company is as follows: fasteners account for 90.41%, other products 7.47%, and components 2.13% [1] Shareholder Information - Among the top ten circulating shareholders of Feiwo Technology, a fund under China Merchants Fund, specifically the China Merchants Quantitative Selected Stock A (001917), entered the top ten in the third quarter, holding 811,300 shares, which is 1.82% of the circulating shares. The estimated floating profit today is approximately 1.9308 million CNY [2] - The China Merchants Quantitative Selected Stock A fund was established on March 15, 2016, with a latest scale of 3.663 billion CNY. Year-to-date returns are 44.25%, ranking 1112 out of 4216 in its category; one-year returns are 49.24%, ranking 820 out of 3885; and since inception, the return is 287.17% [2]

Market Performance - On October 24, the wind power equipment sector rose by 1.97%, with Daikin Heavy Industries leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Daikin Heavy Industries (002487) closed at 53.50, up 7.02% with a trading volume of 355,500 shares and a transaction value of 1.844 billion [1] - Jinlei Co., Ltd. (300443) closed at 32.46, up 6.08% with a trading volume of 407,300 shares [1] - Feiwo Technology (301232) closed at 43.46, up 5.92% with a trading volume of 106,900 shares [1] - Other notable performers include Taisheng Wind Power (300129) up 5.58% and Rihua Co., Ltd. (603218) up 4.51% [1] Fund Flow Analysis - The wind power equipment sector experienced a net outflow of 78.9747 million from institutional investors, while retail investors saw a net inflow of 100 million [2] - The top stocks by net inflow from retail investors include Jinlong Technology (002202) with 49.4662 million and Taisheng Wind Power (300129) with 69.6989 million [3] - Conversely, Daikin Heavy Industries (002487) saw a net outflow of 37.0152 million from retail investors [3]

Group 1 - The core point of the news is that Feiwo Technology's stock price dropped by 5.12% to 40.61 CNY per share, with a trading volume of 224 million CNY and a turnover rate of 12.18%, resulting in a total market capitalization of 3.052 billion CNY [1] - Feiwo Technology, established on July 20, 2012, is located in Changde City, Hunan Province, and specializes in the research and manufacturing of high-strength fasteners, providing comprehensive fastening system solutions. The main business revenue composition is 90.41% from fasteners, 7.47% from other sources, and 2.13% from components [1] Group 2 - Among the top ten circulating shareholders of Feiwo Technology, a fund under China Merchants Fund, the China Merchants Quantitative Selected Stock Initiation A (001917), entered the top ten in the third quarter, holding 811,300 shares, which accounts for 1.82% of the circulating shares. The estimated floating loss today is approximately 1.7767 million CNY [2] - The China Merchants Quantitative Selected Stock Initiation A (001917) was established on March 15, 2016, with a latest scale of 2.765 billion CNY. Year-to-date returns are 40.44%, ranking 936 out of 4218 in its category; the one-year return is 47.04%, ranking 509 out of 3875; and since inception, the return is 276.95% [2]

Core Viewpoint - Hunan Feiwo New Energy Technology Co., Ltd. reported significant financial improvements in Q3, driven by the growth in the wind power sector, achieving profitability for the first time in recent periods [1][2] Financial Performance - In Q3, the company achieved revenue of approximately 732 million yuan, a year-on-year increase of 30.12% [1] - The net profit attributable to shareholders was approximately 14.46 million yuan, marking a turnaround from previous losses [1] - For the first three quarters, total revenue reached approximately 1.898 billion yuan, up 57.46% year-on-year, with a net profit of about 45.99 million yuan, also indicating a return to profitability [1] Business Operations - The company's Secretary, Liu Zhijun, indicated that the recovery in profitability is primarily due to the favorable performance of the wind power business, with rapid growth in downstream wind power installations contributing positively to the company's results [1] - Feiwo Technology specializes in high-strength fasteners and provides comprehensive fastening system solutions, with a strong position in the wind power fastener market [1] Industry Outlook - The global wind energy sector is projected to grow at a compound annual growth rate of 8.8%, with new installed capacity expected to rise from 138 GW in 2025 to 194 GW by 2030 [2] - Emerging markets and offshore wind power are highlighted as key growth areas, supported by policy backing, technological advancements, and increasing market demand [2] Cash Flow and New Business Development - The net cash flow from operating activities for the first three quarters was approximately -132 million yuan, a decline of 25.02% year-on-year, attributed to the payment methods of downstream clients [2] - The company is actively developing new business areas, including aerospace components, gas turbine parts, and oil equipment, leveraging its fastening technology in various applications [2] Market Demand - There are positive signals of demand recovery across the wind power industry chain, with noticeable increases in the demand for key components such as wind turbine towers, blades, bearings, cables, and fasteners [2]

Core Insights - As of October 22, 220 companies have released their Q3 2025 reports, with 147 reporting a year-on-year increase in net profit and 73 showing a decline [1] - 155 companies experienced a year-on-year increase in operating revenue, while 65 reported a decrease [1] - 125 companies saw both net profit and operating revenue increase, while 43 companies reported declines in both metrics [1] - Notably, 32 companies achieved a net profit growth rate exceeding 100%, with Xin Qiang Lian leading at 1939.50% [1] Financial Performance Summary - **Top Performers by Net Profit Growth**: - Xin Qiang Lian: Net profit of 66,384.29 million, up 1939.50%, operating revenue of 361,792.49 million, up 84.10% [1] - Guanghua Technology: Net profit of 9,039.34 million, up 1233.70%, operating revenue of 204,433.57 million, up 11.50% [1] - Wancheng Group: Net profit of 85,497.84 million, up 917.04%, operating revenue of 3,656,231.05 million, up 77.37% [1] - **Other Notable Companies**: - Shijia Guangzi: Net profit of 29,971.78 million, up 727.74%, operating revenue of 156,043.74 million, up 113.96% [1] - Shentong Technology: Net profit of 11,326.61 million, up 584.07%, operating revenue of 130,196.13 million, up 34.65% [1] - Yongding Co.: Net profit of 32,909.62 million, up 474.30%, operating revenue of 363,039.87 million, up 22.13% [1] Additional Insights - **Companies with Declining Performance**: - Xinlian Electronics: Net profit of 53,494.92 million, up 421.43%, but operating revenue slightly decreased by 0.37% [1] - Jinxichaxu: Net profit of 2,211.44 million, up 268.03%, with a negligible decline in operating revenue [1] - **Emerging Companies**: - Huadong Digital Control: Net profit of 2,312.18 million, up 151.78%, with a slight decline in operating revenue [2] - Zhongcai Technology: Net profit of 147,978.91 million, up 143.24%, operating revenue of 2,170,061.81 million, up 29.09% [2]

Core Insights - Feiwo Technology reported a revenue of 732,426,748.49 yuan for Q3 2025, representing a year-on-year growth of 30.12% [1] - The net profit attributable to shareholders of the listed company was 14,455,753.81 yuan, showing a significant year-on-year increase of 160.60% [1] Financial Performance - Revenue for Q3 2025: 732,426,748.49 yuan, up 30.12% year-on-year [1] - Net profit for Q3 2025: 14,455,753.81 yuan, up 160.60% year-on-year [1]

Core Insights - Feiwo Technology (301232.SZ) reported a significant increase in revenue and net profit for the third quarter, indicating strong business performance [1] Financial Performance - The company's revenue for the first three quarters reached 1.898 billion yuan, representing a year-on-year growth of 57.46% [1] - The net profit attributable to shareholders was 45.99 million yuan, showing a remarkable year-on-year increase of 163.26% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 46.13 million yuan, reflecting a year-on-year growth of 160.86% [1]

Group 1 - The stock of Feiwo Technology (301232.SZ) closed at 43.85 yuan, with a decline of 4.22%, currently in a broken state [1] - Feiwo Technology was listed on the Shenzhen Stock Exchange's ChiNext board on June 15, 2023, with an initial public offering of 13.47 million shares at a price of 72.50 yuan per share [1] - The company raised a total of 976.575 million yuan from the public offering, with a net amount of 851.5061 million yuan after deducting issuance costs, exceeding the original plan by 294.3982 million yuan [1] Group 2 - The company plans to use the raised funds of 557.1079 million yuan for the construction of wind power high-strength fastener production lines, non-wind power high-strength fastener production lines, purchasing factory buildings, and supplementing working capital [1] - The underwriters for the issuance were Minsheng Securities Co., Ltd. and Shenwan Hongyuan Securities Co., Ltd., with total issuance costs amounting to 125.0689 million yuan [1] Group 3 - On May 29, 2024, Feiwo Technology announced a cash dividend distribution of 2.00 yuan per 10 shares (including tax), totaling 10.7374782 million yuan [2] - The company will also increase its capital reserve by issuing 4 additional shares for every 10 shares held, resulting in a total share capital of 75,162,347 shares after the increase [2]

证券代码：301232 证券简称：飞沃科技 公告编号：2025-082 第四届董事会第二次会议决议公告 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。 一、董事会会议召开情况 湖南飞沃新能源科技股份有限公司（以下简称 "公司"）第四届董事会第二 次会议于 2025 年 10 月 20 日在公司会议室以现场结合通讯方式召开，会议通知 已于 2025 年 10 月 17 日以书面、通讯方式送达各位董事。本次会议应参加董事 9 人，实际参加董事 9 人，会议由董事长张友君先生主持，公司高级管理人员列 席了本次会议。 本次会议的召集、召开和表决程序均符合《中华人民共和国公司法》和《湖 南飞沃新能源科技股份有限公司章程》的有关规定，决议合法有效。 湖南飞沃新能源科技股份有限公司 二、董事会会议审议情况 经与会董事审议认真审议，形成如下决议： （一）审议通过《关于<2025 年第三季度报告>的议案》 特此公告。 湖南飞沃新能源科技股份有限公司 董事会 2025 年 10 月 22 日 本议案已经公司董事会审计委员会审议通过 表决结果：9 票赞成，0 票弃权，0 票反对，表 ...

Core Insights - Feiwo Technology (301232.SZ) reported a revenue of 1.898 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 57.46% [1] - The net profit attributable to shareholders reached 45.99 million yuan, showing a significant year-on-year increase of 163.26% [1] - The non-recurring net profit was 46.13 million yuan, reflecting a year-on-year growth of 160.86% [1] - Basic earnings per share stood at 0.61 yuan [1]