FANGBANG CO.,LTD(SH:688020) Xin Lang Cai Jing·2025-10-31 16:12Core Viewpoint - Fangbang Co., Ltd. is a leading enterprise in the high-end electronic materials sector in China, focusing on R&D and innovation in high-end electronic materials [1] Group 1: Company Overview - Fangbang Co., Ltd. was established on December 15, 2010, and listed on the Shanghai Stock Exchange on July 22, 2019, with its registered and office address in Guangzhou, Guangdong Province [1] - The company specializes in the R&D, production, and sales of high-end electronic materials, providing solutions for various applications [1] - It operates within the electronic components sector, particularly in printed circuit boards, and is associated with concepts such as Xiaomi, 5.5G, Huawei, nuclear fusion, superconductivity, and nuclear power [1] Group 2: Financial Performance - For Q3 2025, Fangbang's revenue was 268 million yuan, ranking 43rd among 44 companies in the industry [2] - The industry leader, Dongshan Precision, reported revenue of 27.071 billion yuan, while the average revenue in the industry was 4.913 billion yuan [2] - The company's net profit for the same period was -23.61 million yuan, ranking 42nd in the industry [2] - The industry leader, Shenghong Technology, reported a net profit of 3.245 billion yuan, with the industry average at 481 million yuan [2] Group 3: Financial Ratios - As of Q3 2025, Fangbang's debt-to-asset ratio was 22.51%, down from 23.53% year-on-year and significantly lower than the industry average of 44.70% [3] - The company's gross profit margin for Q3 2025 was 32.12%, an increase from 30.60% year-on-year and above the industry average of 20.58% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 31.20% to 7,204 [5] - The average number of circulating A-shares held per shareholder decreased by 23.29% to 11,300 [5] Group 5: Future Outlook - In the first half of 2025, the company achieved revenue of 172 million yuan, a year-on-year increase of 16.06%, but reported a net loss of 24 million yuan, widening by 8.67% year-on-year [5] - The gross profit margin for this period was 33.16%, up by 1.48 percentage points year-on-year [5] - The company is actively improving its product structure and has received small batch orders for new products, including copper foil for AI servers and flexible shielding covers for mainstream mobile phone supply chains [5] - Projected net profits for 2025 to 2027 are estimated at 22 million, 79 million, and 169 million yuan, respectively [5]