Core Insights - The company, Yabo Xuan, is experiencing rapid growth in its performance, with a saturated production capacity and plans to release new capacity ahead of schedule [4][5][6] Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 419 million yuan, a year-on-year increase of 55.9%, and a net profit attributable to shareholders of 48.72 million yuan, up 36.59% [5] - The third quarter alone saw operating revenue of 169 million yuan, representing an 86.75% year-on-year increase and a 10.38% quarter-on-quarter increase [5] - The significant growth in performance is attributed to the rapid increase in automotive electronics orders and deepened cooperation in the industrial control sector [5][6] Production Capacity and Expansion - The company has been operating at full capacity and is constructing a new factory that is more than twice the size of the old one, with over 100 million yuan invested in construction [5][6] - The new factory is expected to be operational by the end of this year, which will enhance manufacturing capabilities and allow for a shift from standardized production to customized services [6] Research and Development - The company has consistently increased its R&D expenses for seven consecutive years, with a year-on-year growth of over 35% in the latest quarter [6] - Yabo Xuan holds a total of 54 patents, including 15 invention patents and 39 utility model patents, with 16 new patents added this year [6] Market Position and Strategic Development - The company has successfully entered the supply chains of leading automotive manufacturers and deepened collaborations in the industrial control sector following its listing [10] - Since its listing, Yabo Xuan has maintained a high dividend payout ratio exceeding 70%, significantly above the industry average [10] - The company plans to continue optimizing its dividend strategy while ensuring capacity expansion and R&D investment [10]
北交所万里行|PCBA“小巨人”雅葆轩，新产能有望提前释放