Group 1: Investor Relations Activities - The company participated in the 2025 Shaanxi Listed Companies Investor Reception Day and 2024 Annual Performance Briefing on May 20, 2025 [3] - Key attendees included the General Manager, Deputy General Manager, and Financial Officer [3] Group 2: Performance Expectations - The company anticipates challenges and opportunities in 2025, with defense sector demand gradually increasing and communication sector demand remaining stable [4] - The company has core capabilities in aerospace and has made product and technology reserves in emerging industries like commercial aerospace and low-altitude economy [5] Group 3: Profitability and Production Capacity - Profit margin decline in 2024 was attributed to insufficient demand in the defense sector and increased R&D investment [6] - The company plans to enhance production capacity to meet market demand as it recovers [7] Group 4: Product Development and Market Strategy - The company focuses on modular design to enhance the value of commercial satellite products [8] - There is an expectation of continued growth in defense orders in Q2 and Q3, alongside efforts to balance fluctuations with high-margin civilian projects [9] Group 5: Governance and Sustainability - The company has established a modern governance structure and maintains a stable management team [11] - The company adheres to environmental management standards and has received recognition as a "Green Factory" [13] Group 6: Competitive Positioning - The company invests over 7% of its revenue in R&D to maintain a competitive edge and expand into new fields [12]

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担个别及连带法律责任。 一、 说明会类型 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与 广大投资者沟通交流，进一步提升投资者关系管理水平，陕西上市公司协会在 陕西证监局指导下，联合深圳市全景网络有限公司举办"2025 年陕西辖区上 市公司投资者集体接待日暨 2024 年度业绩说明会"。 证券代码：835640 证券简称：富士达 公告编号：2025-042 中航富士达科技股份有限公司 关于参加 2025 年陕西辖区上市公司投资者集体接待日 暨 2024 年度业绩说明会预告公告 公司财务负责人：朱克元先生 四、 投资者参加方式 本次说明会采用网络方式召开。 投资者可登陆全景路演平台（https://rs.p5w.net）参与本次业绩说明会。届 时投资者可通过访问"全景路演"关于本次陕西辖区集体接待日的活动主页，进 入公司主页的提问界面进行提问。公司将通过本次说明会对投资者普遍关注的 问题进行回答，欢迎广大投资者积极参与。 届时，公司高管人员将通过互动平台与投资者进 ...

中航富士达科技股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日召 开第八届董事会独立董事专门会议 2025 年第一次会议，于 2025 年 4 月 24 日召 开第八届董事会第十次会议、第八届监事会第八次会议，审议通过了《关于终止 向特定对象发行股票事项并撤回申请文件的议案》，同意公司终止向特定对象发 行股票事项并撤回申请材料。因公司于 2025 年 1 月 3 日召开的 2025 年第一次 临时股东大会已授权董事会全权办理本次向特定对象发行股票相关事宜，上述议 案无需提交股东会审议。具体内容详见公司于 4 月 28 日在北京证券交易所官网 （http://www.bse.cn/）披露的《关于终止向特定对象发行股票事项并撤回申请材 料的公告》（公告编号：2025-036）。 定，决定终止公司向特定对象发行股票的审核。公司目前生产经营情况正常，终 止向特定对象发行股票不会对公司生产经营造成影响。 二、备查文件 证券代码：835640 证券简称：富士达 公告编号：2025-040 中航富士达科技股份有限公司 关于收到北京证券交易所《关于终止对中航富士达科技股份 有限公司向特定对象发行股票审核的决 ...

Group 1: Financial Performance - The company's Q1 performance showed slight fluctuations in key financial indicators compared to the same period last year, with a recovery starting in March 2025 [4] - Inventory increased to 139 million CNY due to a rise in orders and early project investments, reflecting enhanced downstream demand [5] - The gross profit margin improved in Q1, attributed to the recovery of defense business and ongoing cost efficiency initiatives [8] Group 2: Strategic Development - The company is actively involved in the low-altitude economy, particularly in the industrial drone sector, and aims to enhance its core competitiveness in this area [6] - Despite the termination of a specific stock issuance project, the company will maintain its investment in the commercial aerospace sector, leveraging existing facilities and resources [7] - The subsidiary, Xi'an Test Technology Co., Ltd., is expected to expand its third-party testing business, contributing to new profit growth [10]

Summary of Fujida's Conference Call Company Overview - Fujida reported a 1% year-over-year decline in revenue for Q1 2025, with a net profit decrease of 6.68%, primarily due to insufficient demand for core military projects. However, orders increased by approximately 20% year-over-year, indicating potential future performance improvement. Civilian products accounted for 40% of revenue, while military defense and satellite-related businesses made up 60% [2][3][4]. Key Points Financial Performance - Q1 2025 revenue was 190 million yuan, with a net profit of 12.37 million yuan. The decline in revenue and profit was attributed to the delivery cycle impact from military project demand shortages [3][4]. - The company anticipates significant revenue growth in 2025, with an increase of at least 10% to 20%, although profit levels may not reach 2023 levels due to price reductions and sample giveaways in 2024 [4][32]. Profitability and Margins - Gross margin improvement was mainly due to increased output in the military sector, leading to economies of scale and reduced fixed cost amortization. Although military component margins are expected to decline in 2024, they are projected to stabilize in 2025 [2][6]. - The gross margin for the Q1 2025 remained stable, with the commercial satellite segment maintaining a margin of around 40% [2][31]. Orders and Inventory - Inventory increased from 123 million yuan in Q4 2024 to 139 million yuan in Q1 2025, reflecting pre-investment for projects following order increases [5]. - The average order-to-revenue conversion cycle is approximately three months, with noticeable improvements expected in Q2 2025 [9][11]. Research and Development - R&D investment accounted for about 8% of revenue, focusing on new military protection projects, which are crucial for long-term development [2][3][12]. - Despite a decline in military orders, R&D investment remained stable, with the proportion rising to around 11% due to overall revenue decline [12]. Market Dynamics - The commercial satellite market is stable, with Fujida securing a contract for 300 satellites from Samsung SDS, to be delivered by 2025. However, the launch schedule is lagging, with only one launch in Q1 2025 [16][31]. - The civilian market demand remains stable, with Fujida maintaining its bidding success for Huawei's 4G and 5G products, while also developing new high-end manufacturing instruments [20]. Future Plans and Strategies - Following the termination of a private placement, the company plans to secure funding through bank loans and other means to continue project development and expand production capacity for aerospace products [2][7][8]. - The company aims to expand its testing subsidiary's external third-party testing business, targeting electronic component manufacturers, with plans to grow this segment by 10% to 20% annually [4][38][39]. Challenges and Risks - The company faces challenges in meeting its five-year plan due to previous years' stagnation, making it difficult to achieve the original targets set for 2025 [14][32]. - There are rumors of changes in overseas market access policies, particularly in Europe, but the impact on Fujida's export business is expected to be minimal [21]. Additional Insights - The company is actively pursuing advancements in quantum computing and medical products, with ongoing collaborations and certifications aimed at replacing imported products [27][28]. - The cable business will continue to focus on military applications, despite exploring civilian products like high-speed copper cables [36]. This summary encapsulates the key insights and developments from Fujida's conference call, highlighting the company's current performance, market strategies, and future outlook.

Core Viewpoint - The company reported its 2024 annual results and 2025 Q1 results, showing stable revenue growth but a significant decline in net profit due to industry cost fluctuations and non-recurring losses [1] Group 1: 2024 Annual Results - In 2024, the company achieved revenue of 534 million yuan, a year-on-year increase of 9.77% [1] - The net profit attributable to shareholders was 85 million yuan, a year-on-year decline of 34.4% [1] - The revenue from industrial control connectors was 258 million yuan, a year-on-year decrease of 3.5% [1] - The revenue from automotive connectors was 139 million yuan, a year-on-year increase of 15.7% [1] - The revenue from new energy connectors was 131 million yuan, a year-on-year increase of 39.7% [1] Group 2: 2025 Q1 Results - In Q1 2025, the company achieved revenue of 145 million yuan, a year-on-year increase of 44.6% [2] - The net profit attributable to shareholders was 25 million yuan, a year-on-year increase of 39.99% [2] - The revenue and net profit growth rates of approximately 40% indicate a significant recovery trend in overall business [2] Group 3: Market and Industry Outlook - The company’s product structure focuses on three main downstream applications: industrial control, automotive, and new energy, with the industrial automation industry facing cyclical adjustments and increased competition [1] - The emerging field of robotics presents strong growth potential, leveraging the company's long-term technology and customer base in the industrial control sector [2] - The company is expected to benefit from the "embodied intelligence" trend, with products applicable to industrial, service, and humanoid robots [2] Group 4: Profit Forecast and Valuation - The profit forecast for 2025 has been revised down to 128 million yuan, with new forecasts for 2026 and 2027 at 148 million yuan and 176 million yuan respectively [2] - The current stock price corresponds to a PE ratio of 32/28/23 for 2025-2027, while comparable companies have an average PE of 39.6 [2] - The target market value for the company is set at 5.1 billion yuan, indicating over 20% upside potential from the current market value [2]

证券代码：835640 证券简称：富士达 公告编号：2025-039 中航富士达科技股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 4 月 24 日 2.会议召开地点：西安市高新区上林苑四路与定昆池二路十字向西 200 米中 航富士达产业基地四楼会议室 3.会议召开方式：本次会议采用现场投票、网络投票和其他投票方式相结合 方式召开 4.会议召集人：公司董事会 本次股东大会的召集、召开、议案审议程序符合有关法律、行政法规、部 门规章、规范性文件和《公司章程》的相关规定。本次会议召开不需要相关部 门的批准或履行必要的程序。 （二）会议出席情况 出席和授权出席本次股东大会的股东共 17 人，持有表决权的股份总数 117,614,879 股，占公司有表决权股份总数的 62.6518%。 其中通过网络投票参与本次股东大会的股东共 2 人，持有表决权的股份总数 11,462 股，占公司有表决权 ...

一、基本情况： 1.2023 年 3 月 13 日，公司召开第七届董事会第十六次会议及第七届监事会 第十二次会议，审议并通过《关于公司向特定对象发行 A 股股票方案的议案》及 其他相关议案，并于 2023 年 10 月 27 日经公司 2023 年第二次临时股东大会决议 通过。 2.2023 年 11 月 27 日，公司及保荐机构向北交所报送了向特定对象发行股票 的申请文件。 3.2023 年 12 月 4 日，公司收到北交所出具的《受理通知书》（DF20231204001）。 北交所经对公司报送的向特定对象发行股票申请文件进行审核，认为符合《北京 证券交易所上市公司证券发行上市审核规则》的相关要求，并予以受理。公司在 北交所官网披露了《关于向特定对象发行股票申请获得北京证券交易所受理的公 告》（公告编号：2023-093）。 4.2023 年 12 月 7 日，公司收到北交所出具的《关于中航富士达科技股份有 证券代码：835640 证券简称：富士达 公告编号：2025-036 中航富士达科技股份有限公司 关于终止向特定对象发行股票事项并撤回申请材料的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整 ...

证券代码：835640 证券简称：富士达 公告编号：2025-035 中航富士达科技股份有限公司 第八届董事会第十次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 4 月 24 日 2.会议召开地点：公司五楼会议室 3.会议召开方式：现场与视频会议相结合方式 4.发出董事会会议通知的时间和方式：2025 年 4 月 14 日以电子邮件方式发 出 5.会议主持人：董事长武向文先生 6.会议列席人员：公司全体监事、高级管理人员 7.召开情况合法、合规、合章程性说明： 本议案不涉及回避表决。 本次会议的召集、召开、议案审议程序等方面符合《公司法》和《公司章 程》的规定。 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 二、议案审议情况 （一）审议通过《关于 2025 年第一季度报告的议案》 1.议案内容： 具体内容详见公司同日在北京证券交易所指定信息披露平台（http://www. bse.cn ...

中航富士达科技股份有限公司 第八届监事会第八次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 证券代码：835640 证券简称：富士达 公告编号：2025-038 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 4 月 24 日 2.会议召开地点：公司五楼会议室 3.会议召开方式：现场与视频相结合方式 4.发出监事会会议通知的时间和方式：2025 年 4 月 14 日以电子邮件方式发 出 本次会议的召集、召开、议案审议程序等方面符合《公司法》和《公司章 程》的规定。 （二）会议出席情况 会议应出席监事 5 人，出席和授权出席监事 5 人。 二、议案审议情况 （一）审议通过《关于 2025 年第一季度报告的议案》 1.议案内容： 具体内容详见公司同日在北京证券交易所指定信息披露平台（http://www. 5.会议主持人：王艳阳女士 6.召开情况合法、合规、合章程性说明： bse.cn/）披露的《2025 年第一季度报告》（公告编号：2025-037）。 2.议案 ...