菲利华 20250706 摘要 菲利华 2016-2023 年收入增长近 5 倍，利润增长 4 倍，但 2024 年受 军品业务下滑影响利润下降。2025 年开始复苏，预计收入将从 21 亿元 提升至 40-50 亿元，利润达 10-15 亿元。 菲利华石英玻璃产品因其优异的透光性、耐高温、低膨胀系数和耐腐蚀 性，广泛应用于半导体、军工、光通信等领域，尤其在军工领域，作为 高速飞行器雷达导引头的关键材料。 菲利华在半导体高端石英材料市场占据重要地位，是全球五大资质公司 之一，受益于中国半导体设备市场规模的扩大，已获得国际一流设备商 认证。 菲利华在军工领域从材料端向结构件延伸，预计 2025 年将有军工结构 件产品进入批量生产阶段，军品业务将显著复苏，并有望在 2026 年实 现更大提升。 菲利华在电子布市场具有竞争优势，其超薄石英纤维布性能优越，有替 代主流玻璃纤维的趋势，产品性能已与日本领先企业持平，并计划大幅 扩充产能。 Q&A 菲利华公司的业务布局情况如何？ 菲利华公司在业务布局方面已经形成了一个完整的产业链，从上游到下游都有 所覆盖。公司在潜江的菲利华主要负责石英砂原材料的布局；武汉菲利华和武 汉海 ...

Group 1: Carbon Fiber - Carbon fiber is a crucial material in modern warfare, enhancing the performance of military equipment due to its high strength, low density, and excellent thermal and electrical properties [4][6][10] - The development of carbon fiber began in the 1860s, and it is often referred to as "black gold" due to its high practical value and manufacturing complexity [6][7] - The use of carbon fiber composite materials has significantly improved the performance of advanced military aircraft like the F-35, where it constitutes up to 35% of the aircraft's structure [9][10] Group 2: Metamaterials - Metamaterials are engineered to have properties not found in naturally occurring materials, offering revolutionary applications in military technology, particularly in stealth and radar evasion [14][18] - Recent advancements in metamaterials have led to significant developments in stealth technology, enabling military assets to avoid detection by radar and other sensors [18][19] - The research and application of metamaterials are expected to transform future combat scenarios by enhancing the capabilities of various military platforms [24][25] Group 3: Graphene - Graphene is recognized as the strongest and thinnest known material, with exceptional electrical and thermal conductivity, making it highly valuable in military applications [28][30] - The U.S. and other developed nations are investing heavily in graphene research for its potential use in advanced military technologies, including high-performance sensors and lightweight armor [31][32] - Graphene's unique properties could lead to significant improvements in military computing and sensor technologies, enhancing operational capabilities [30][33] Group 4: Armor Protection Materials - The demand for advanced armor protection materials has increased due to the evolving nature of modern warfare, necessitating improvements in military vehicle protection [36][37] - Various materials, including ballistic glass, steel, ceramics, and high-strength fibers, are utilized in military armor systems to enhance protection against modern threats [38][41] - The development of composite armor systems that integrate multiple materials is becoming a standard practice to achieve optimal protection while minimizing weight [41][42] Group 5: Stealth Coatings - Stealth coatings are critical for reducing the detectability of military assets by controlling their observable characteristics across various detection methods [47][49] - These coatings can be classified into several types, including radar-absorbing, infrared, and visible light stealth coatings, each designed to mitigate specific detection risks [51][52] - The ongoing development of multi-functional stealth materials is essential for enhancing the survivability of military platforms in increasingly complex combat environments [58][63] Group 6: 3D Printing in Defense - 3D printing technology is emerging as a transformative force in the defense sector, enabling rapid prototyping and production of complex military components [66][67] - The U.S. military is integrating 3D printing into its supply chain to improve maintenance and operational efficiency for aircraft and other military equipment [71][74] - This technology allows for the production of parts on-demand, reducing lead times and costs associated with traditional manufacturing methods [67][71]