FARATRONIC(SH:600563) Ge Long Hui A P P·2025-09-18 07:00Core Viewpoint - The report from Zhongyou Securities highlights that Farah Electronics achieved significant growth in revenue and net profit in the first half of the year, driven by a focus on core business and market expansion in high-end sectors such as new energy vehicles, photovoltaics, and energy storage [1] Financial Performance - Farah Electronics reported operating revenue of 2.499 billion yuan, representing a year-on-year increase of 18.05% [1] - The net profit attributable to the parent company was 569 million yuan, reflecting a year-on-year growth of 18.15% [1] Market Strategy - The company is concentrating on its main business while actively exploring markets, focusing on customer and project engagement [1] - Farah Electronics is expanding its market share and sales revenue in high-end customer segments across various industries, including new energy vehicles, photovoltaics, energy storage, wind power, industrial control, rail transit, smart grids, and home appliances [1] Product Development - The company has successfully developed and produced metallized film materials and busbars for film capacitors independently [1] - Through collaborative development and continuous internal innovation, Farah Electronics has established a unique supply chain system for equipment and materials, enabling it to keep pace with market demands and achieve product iteration and original development [1] Project Achievements - Farah Electronics has secured the first batch application project order for the domestic production of dry capacitors in the flexible direct current engineering sector, becoming one of the first domestic capacitor manufacturers to win bids for this project [1] Investment Rating - The report maintains a "Buy" rating for Farah Electronics, indicating a positive outlook for the company's future performance [1]