FRD(SZ:300602) Ge Long Hui·2025-10-13 09:55Core Insights - The company, Feirongda, expects to achieve approximately 4.617 billion yuan in revenue for the first three quarters of 2025, representing a year-on-year growth of about 29.95% [1] - The projected net profit attributable to shareholders for the same period is estimated to be between 275 million and 300 million yuan, reflecting a significant increase of 110.80% to 129.96% compared to the previous year [1] - The company is focusing on emerging market sectors and enhancing operational efficiency across the entire industry chain, which has contributed to steady revenue growth [1] Revenue and Profit Forecast - For Q3 2025, the company anticipates revenue of approximately 1.734 billion yuan [1] - The net profit for Q3 is expected to be between 109 million and 134 million yuan, indicating a year-on-year growth of 100.00% to 145.91% [1] - The net profit excluding non-recurring gains and losses for the first three quarters is projected to be between 238 million and 263 million yuan, marking a growth of 101.76% to 122.95% [1] Market and Product Development - The demand for electromagnetic shielding and thermal management materials in the consumer electronics market has significantly increased due to market recovery and technological upgrades [2] - The company has seen growth in market share within the consumer electronics sector, driven by new projects from key clients [2] - Ongoing product and process development efforts are optimizing product structure and enhancing profitability in the consumer electronics field [2] - The company is also advancing its related business in flexible electronics, with products currently undergoing certification and testing with domestic clients [2]