证券代码：300395 证券简称：菲利华 公告编号：2025-65 湖北菲利华石英玻璃股份有限公司 第六届监事会第二十三次会议决议公告 本公司及监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、监事会会议召开情况 2025 年10 月23日，湖北菲利华石英玻璃股份有限公司（以下简称"公司"）第六届 监事会第二十三次会议在公司会议室举行。会议通知于2025 年10 月18 日以通讯和邮件 的方式发出。本次会议由第六届监事会主席李再荣女士主持。出席监事3 名，占公司监事 总数的100%，符合《湖北菲利华石英玻璃股份有限公司章程》规定的法定人数，本次监 事会会议决议合法有效。 二、监事会会议审议情况 湖北菲利华石英玻璃股份有限公司监事会 2025 年10 月23日 经认真审核，监事会认为：董事会编制和审核公司2025 年第三季度报告的程序符合 法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司的实际情 况，不存在任何虚假记载、误导性陈述或重大遗漏。 本议案具体内容详见公司同日在中国证监会指定的创业板信息披露网站巨潮资讯网 （www.cninfo.com ...

证券代码：300395 证券简称：菲利华 公告编号：2025-64 本议案已经董事会审计委员会审议通过。 本议案具体内容详见公司同日在中国证监会指定的创业板信息披露网站巨潮资讯网 （www.cninfo.com.cn）刊登的《2025 年第三季度报告》（公告编号：2025-66）。 湖北菲利华石英玻璃股份有限公司 第六届董事会第二十三次会议决议公告 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 湖北菲利华石英玻璃股份有限公司（以下简称"公司"）于2025 年10 月23 日在公 司会议室以现场与通讯相结合的方式召开第六届董事会第二十三次会议，会议通知于2025 年10 月18 日以通讯和邮件的方式发出。会议由董事长商春利先生主持，本次董事会应出 席的人数9 人，实际出席会议的董事9 人，占公司董事总数的100%。会议的召集和召开 符合《中华人民共和国公司法》等法律法规和《湖北菲利华石英玻璃股份有限公司章程》 的相关规定。 二、董事会会议审议情况 （一）《关于湖北菲利华石英玻璃股份有限公司2025 年第三季度报告的议案》 经审议，董事会 ...

Financial Performance - Revenue for Q3 2025 reached ¥473,681,049.89, an increase of 18.82% year-over-year[5] - Net profit attributable to shareholders was ¥112,005,321.87, up 79.51% compared to the same period last year[5] - Basic earnings per share increased to ¥0.2152, reflecting a growth of 78.89% year-over-year[5] - Total operating revenue for the current period reached ¥1,381,525,280.96, an increase of 5.2% compared to ¥1,313,558,989.73 in the previous period[22] - Net profit for the current period was ¥310,378,289.65, representing a 27.4% increase from ¥243,594,788.37 in the previous period[23] - Earnings per share (EPS) increased to 0.6411, compared to 0.4519 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,121,639,894.21, representing a 16.92% increase from the end of the previous year[5] - Total assets amounted to ¥7,121,639,894.21, up from ¥6,090,924,172.08 in the previous period[20] - Total liabilities increased to ¥1,460,424,750.56, compared to ¥1,143,736,595.47 in the previous period[20] - Non-current assets totaled ¥3,257,806,869.65, slightly up from ¥3,185,018,855.12 in the previous period[20] Cash Flow - Cash flow from operating activities for the year-to-date was ¥209,112,260.35, a rise of 52.80% compared to the previous year[11] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity[22] - Operating cash flow for the current period was ¥209,112,260.35, an increase of 53% compared to ¥136,851,877.37 in the previous period[25] - Total cash inflow from operating activities reached ¥1,281,174,059.17, up from ¥1,180,928,451.12, reflecting a growth of approximately 8.5%[25] - Cash outflow from operating activities was ¥1,072,061,798.82, compared to ¥1,044,076,573.75 in the previous period, indicating a rise of about 2.7%[25] - Financing activities generated a net cash inflow of ¥518,637,945.00, compared to ¥153,918,206.99 in the previous period, representing a growth of approximately 237%[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,386[12] - The largest shareholder, Deng Jiagui, holds 7.53% of the shares, totaling 39,331,174 shares[12] - The top ten shareholders collectively hold a significant portion of the company's shares, with the top three alone accounting for over 19%[12] - The company has not reported any changes in the number of preferred shareholders or any significant changes in restricted shares[14] Investments and Expenses - The company reported a significant increase in trading financial assets, which rose by 132.66% to ¥912,472,092.82 due to increased purchases of financial products[9] - Research and development expenses remained stable at ¥197,823,058.25, indicating continued investment in innovation[22] - The company plans to expand its market presence and explore potential mergers and acquisitions to drive future growth[22] Stock Incentive Plan - The company plans to grant 1,424,000 restricted stocks to 248 incentive objects at a price of ¥38.90 per share[15] - The company is actively engaging in a stock incentive plan to motivate its employees and align their interests with shareholders[15] Inventory and Receivables - The company's inventory increased to ¥946,995,414.55 from ¥743,136,196.28, reflecting a rise of approximately 27.5%[17] - The accounts receivable rose to ¥699,864,468.06 from ¥501,411,713.78, marking an increase of about 39.5%[17] - The company experienced a 106.91% increase in credit impairment losses, primarily due to an increase in accounts receivable[10] Cash and Equivalents - The company's cash and cash equivalents increased to ¥834,350,596.45 from ¥685,189,631.92 at the beginning of the period, representing a growth of approximately 21.7%[17] - The total cash and cash equivalents at the end of the period amounted to ¥782,757,494.38, up from ¥478,022,656.52, reflecting an increase of about 63.7%[26] - The company received cash from investment of ¥496,606,800.00, which is an increase from ¥209,063,758.00 in the previous period, showing a growth of approximately 137%[26] - Cash received from the disposal of fixed assets was ¥15,628,600.00, compared to ¥1,642,696.45 in the previous period, indicating a significant increase[26] - The company reported a cash inflow from tax refunds of ¥67,612,306.80, which is an increase from ¥33,307,659.55 in the previous period, reflecting a growth of approximately 102%[25]

Group 1 - The commercialization trial of satellite IoT services is set to begin, marking a significant step towards the large-scale application of low-orbit satellite communication in China [1] - The trial period for satellite IoT services will last for two years, aiming to promote the commercial application of satellite IoT technology and support emerging industries such as low-altitude economy and commercial aerospace [1] - The focus on low-speed wide-area IoT services will emphasize network and data security, with the goal of creating replicable business models and regulatory experiences [3] Group 2 - The satellite IoT commercialization trial is expected to extend China's commercial aerospace industry chain from upstream manufacturing to downstream application, indicating a new phase of dual efforts from demand and supply sides [5] - Satellite IoT will enable global real-time tracking and data transmission for low-altitude aircraft, addressing communication gaps in the low-altitude economy [5] - The integration of commercial aerospace and low-altitude economy through satellite IoT is anticipated to create significant development opportunities for related enterprises in the industry chain [5] Group 3 - The recent U.S. export controls and tariffs are likely to have a limited impact on the domestic military industry due to its high level of localization, highlighting the sector's "safe haven" characteristics [7] - The U.S. Senate has approved a defense authorization bill for fiscal year 2026 with a budget of $925 billion, which is expected to create long-term orders for military enterprises through contracts rather than direct military stockpiles [8] - The military trade sector is expected to outperform the market during the new round of trade frictions, with positive performance anticipated in the upstream components sector as Q3 earnings season approaches [9] Group 4 - Companies involved in military trade include AVIC Shenyang Aircraft Corporation, Aerospace South Lake, Guorui Technology, Aerospace Rainbow, and AVIC Chengfei [12] - Companies in the commercial aerospace, low-altitude, and deep-sea technology sectors include China Satellite, Aerospace Electronics, Sichuan Jiuzhou, and Zhongke Haixun [12] - Companies in the missile industry chain include Aerospace Electric, Feilihua, Ligong Navigation, Fudan Microelectronics, and Changying Tong [12]

| 国防军工 | | | | 菲利华 | | | --- | --- | --- | --- | --- | --- | | 电子 | -1.87 | 1267.98 | -15.04 | 威尔高 | -13.79 | | 建筑材料 | -2.18 | 68.19 | -24.95 | 中铁装配 | -8.13 | | 通信 | -2.36 | 450.81 | -19.68 | 长飞光纤 | -7.35 | （文章来源：证券时报网） 证券时报·数据宝统计，截至上午10:28，今日沪指跌0.81%，A股成交量577.04亿股，成交金额7918.56亿 元，比上一个交易日减少7.51%。个股方面，1268只个股上涨，其中涨停41只，4028只个股下跌，其中 跌停3只。从申万行业来看，煤炭、石油石化、公用事业等涨幅最大，涨幅分别为1.11%、0.61%、 0.43%；通信、建筑材料、电子等跌幅最大，跌幅分别为2.36%、2.18%、1.87%。（数据宝） 今日各行业表现（截至上午10:28） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | --- ...

Group 1 - The core viewpoint of the news is that Hubei Feilihua Quartz Glass Co., Ltd. has shown significant trading activity and financial performance, with notable increases in net profit despite a slight decrease in revenue [1][2] - On October 22, Feilihua's stock price increased by 0.51%, with a trading volume of 3.562 billion yuan. The net financing purchase on that day was 45.72 million yuan, indicating strong investor interest [1] - As of October 22, the total margin balance for Feilihua was 1.304 billion yuan, with a financing balance of 1.289 billion yuan, representing 3.05% of the circulating market value, which is above the 80th percentile of the past year [1] Group 2 - For the first half of 2025, Feilihua reported operating revenue of 908 million yuan, a year-on-year decrease of 0.77%, while the net profit attributable to shareholders increased by 28.72% to 222 million yuan [2] - The number of shareholders increased by 10.64% to 14,500, while the average circulating shares per person decreased by 9.62% to 35,272 shares [2] - In terms of institutional holdings, as of June 30, 2025, the top ten circulating shareholders included Huaxia Military Industry Safety Mixed A, which increased its holdings by 3.9519 million shares [2]

Group 1 - The three major indices opened lower, while the food and beverage sector rose, with the CSI Food and Beverage Index increasing by 0.2% [1] - Key stocks in the food and beverage sector included Keta Bio, which rose over 12%, Shuangta Food, which increased nearly 8%, and Angel Yeast, which rose nearly 2% [1] - The CSI A500 Index fell by 0.39%, with notable increases in stocks such as Robotech, which rose nearly 5%, and Fihua, which increased over 4% [1] Group 2 - The Tianhong Food and Beverage ETF (159736) experienced a net inflow of 50.69 million yuan over five consecutive trading days, with a total circulation of 7.768 billion shares and a market size of 5.599 billion yuan [1] - The Tianhong A500 ETF (159360) saw a decline of 0.32%, with a circulation of 1.388 billion shares and a market size of 1.714 billion yuan [1] Group 3 - Yanjing Beer reported a third-quarter revenue of 13.433 billion yuan, a year-on-year increase of 4.57%, and a net profit of 1.770 billion yuan, up 37.45% year-on-year [1] Group 4 - The iMoutai APP announced that consumers can purchase the 53% vol 500ml Guizhou Moutai liquor without a reservation starting October 20, with limited quantities available [2] - According to feedback, the market for Moutai liquor remained stable from June to August, with a significant recovery in sales in September [2] - During the double festival period, overall white liquor sales declined by 20%-30%, with regional variations noted, particularly in traditional consumption provinces [2] - High-end liquor brands performed relatively well, with stable sales for Moutai 1935 and other premium products [2] - The domestic economy is expected to gradually stabilize, suggesting a potential return to high growth for the white liquor industry [2] Group 5 - The Tianhong Food and Beverage ETF closely tracks the CSI Food and Beverage Index, which selects stocks from the beverage, packaged food, and meat industries [3] - The top holdings in the Tianhong Food and Beverage ETF include major companies like Guizhou Moutai, Yili, Wuliangye, and others [3] - The Tianhong A500 ETF tracks the CSI A500 Index, which includes 500 large-cap, liquid securities from various industries [3]

Core Viewpoint - The commercial aerospace industry in China is experiencing unprecedented growth, transitioning from technological exploration to large-scale, market-oriented, and capitalized development, driven by policy support and technological breakthroughs [2] Group 1: Industry Development - The IPO process for commercial aerospace companies is accelerating, with several leading firms initiating listing guidance, indicating a shift towards capital market engagement [3] - The optimization of the fifth set of listing standards on the Sci-Tech Innovation Board allows unprofitable but technologically advanced companies to go public, providing a "green channel" for commercial aerospace firms [3] - The industry is moving towards a collaborative development model involving both state-owned and private enterprises, supported by various local policies [3] Group 2: Recent Achievements - Recent successful satellite launches using Long March rockets demonstrate the operational capabilities of China's commercial aerospace sector, with significant milestones achieved in satellite deployment [5] - The 千帆星座 project has successfully launched 108 satellites and aims to deploy a total of 648 by the end of 2026, reflecting the rapid advancement in satellite internet capabilities [5] - Multiple private rocket companies are expected to achieve their first launches soon, indicating a potential breakthrough in the rocket manufacturing sector [5] Group 3: Investment Opportunities - A total of 22 commercial aerospace concept stocks are projected to experience high growth, with several companies receiving significant institutional attention [6] - Companies like 菲利华, 上海瀚讯, and 芯动联科 are expected to see net profit growth rates exceeding 30% according to institutional forecasts [6] - The low Earth orbit satellite launch market is anticipated to become normalized, benefiting core supporting companies like 航天电子 [6]

Market Overview - The aviation equipment sector rose by 0.91% on October 21, with Filihua leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Filihua (300395) saw a significant increase of 14.17%, closing at 80.50 with a trading volume of 426,500 shares [1] - Other notable performers included Hangxin Technology (300424) with a 6.02% increase, and Hangyu Technology (688239) with a 4.42% increase [1] - The table below summarizes the performance of key stocks in the aviation equipment sector: | Code | Name | Closing Price | Change (%) | Volume (thousand) | |--------|--------------|---------------|------------|-------------------| | 300395 | Filihua | 80.50 | 14.17 | 426.5 | | 300424 | Hangxin Tech | 17.79 | 6.02 | 248.6 | | 688239 | Hangyu Tech | 43.67 | 4.42 | 48.3 | | 920642 | Tongyi Aerospace | 14.97 | 2.46 | 20.1 | | 002297 | Boyun New Material | 9.00 | 2.39 | 471.7 | | 603261 | *ST Lihang | 21.10 | 2.23 | 12.5 | | 300034 | Steel Research | 16.38 | 2.12 | 120.9 | | 920006 | Shengcao Technology | 27.85 | 1.94 | 11.3 | | 688287 | *ST Guandian | 4.78 | 1.92 | 14.9 | | 002625 | Guangqi Technology | 46.78 | 1.92 | 189.7 | [1] Capital Flow - The aviation equipment sector experienced a net inflow of 601 million yuan from institutional investors, while retail investors saw a net outflow of 454 million yuan [2] - The following table outlines the capital flow for key stocks: | Code | Name | Institutional Net Inflow (yuan) | Institutional Net Ratio | Retail Net Inflow (yuan) | Retail Net Ratio | |--------|--------------|----------------------------------|-------------------------|--------------------------|------------------| | 300395 | Filihua | 439 million | 13.32% | -83.56 million | -10.78% | | 688122 | Western Superconductor | 92.06 million | 7.09% | -36.26 million | -4.30% | | 300424 | Hangxin Tech | 54.02 million | 12.49% | -798,450 | -10.64% | | 600893 | Aero Engine | 47.64 million | 7.85% | 390,730 | -8.50% | | 688237 | Superlative Aerospace | 28.34 million | 18.13% | 530,500 | -21.53% | [3]

Group 1 - A-shares indices collectively rose in early trading on October 21, 2025, with the Shanghai Composite Index increasing by 1.2% and surpassing 3900 points, while over 4500 stocks in the market experienced gains [1] - The Ministry of Finance announced two measures to support economic recovery, including allocating 500 billion yuan from local government debt limits, an increase of 100 billion yuan from the previous year, and early issuance of new local government debt limits for 2026 [1] - The macro team at Galaxy Securities remains optimistic about investment opportunities in the Chinese market, suggesting that the dividend sector may regain investor interest, with themes such as anti-involution, national security, and expanding domestic demand to watch [1] Group 2 - Zhongyuan Securities reports that recent high-level meetings have raised market policy expectations, combined with potential interest rate cuts from the Federal Reserve, providing support for the market [2] - The A-share market is expected to continue showing a consolidating trend, with structural opportunities remaining abundant due to domestic policy expectations and third-quarter earnings verification [2] - CITIC Construction Investment Securities indicates that after a period of overheating in the computing power sector, the market has entered a bull market consolidation phase, characterized by high capital rotation and index stagnation [2] Group 3 - As of October 21, 2025, the CSI A500 Index rose by 1.67%, with the leading A500 ETF increasing by 1.49%, and nearly 1 billion yuan traded during the session [3] - Over the past three months, the leading A500 ETF has accumulated a gain of 13.97%, with the top ten weighted stocks accounting for 19% of the index [3] - The leading A500 ETF tracks major sectors including electronics (14.45%), power equipment (10.90%), and banking (7.21%) [3]