据证券之星公开数据整理，近期福莱新材（605488）发布2025年中报。截至本报告期末，公司营业总收 入13.34亿元，同比上升15.4%，归母净利润5093.48万元，同比下降19.58%。按单季度数据看，第二季 度营业总收入7.31亿元，同比上升22.42%，第二季度归母净利润1605.3万元，同比下降52.51%。本报告 期福莱新材应收账款上升，应收账款同比增幅达30.53%。 本次财报公布的各项数据指标表现一般。其中，毛利率14.66%，同比减10.84%，净利率3.87%，同比减 29.63%，销售费用、管理费用、财务费用总计9566.69万元，三费占营收比7.17%，同比减1.56%，每股 净资产5.41元，同比减18.23%，每股经营性现金流0.2元，同比增138.92%，每股收益0.18元，同比减 28.0% 其他权益工具投资变动幅度为151.52%,原因:向参股公司增资。 递延所得税资产变动幅度为565.57%,原因:可抵扣暂时性差异增加且母公司收到拆迁补偿款应纳税暂时 性差异消失。 交易性金融负债变动幅度为-90.8%,原因:购买的远期结售汇业务公允价值变动导致暂时性浮亏。 合同负债变动幅 ...

Core Insights - SaiGan Technology (Shenzhen) Co., Ltd. recently completed a multi-million Pre-A round financing led by China Merchants Venture Capital, with participation from Amber Capital and industry partner Bojie Co., Ltd. [1] - The company focuses on flexible sensing technology, specifically the development, production, and sales of next-generation high-performance flexible smart sensors and robotic electronic skin [1][2]. - The technology originates from the Southern University of Science and Technology's ultra-flexible electronics laboratory, and the products are characterized by high sensitivity, wide range, fast response, and high linearity, applicable in humanoid robots, consumer electronics, automotive electronics, and healthcare [1]. Financing Purpose - The financing will primarily be used for further investment in core technology, product R&D iterations, and exploration of market applications [2]. - The company aims to enhance R&D efforts in humanoid robot electronic skin, optimize product performance, and improve user experience [2]. - There is a focus on accelerating the application of flexible smart sensors in more fields through technology downscaling and enhancing user interaction experiences [2]. Investment Rationale - The core products of SaiGan Technology, based on "electronic skin," have established significant technical barriers through micro-structural design and material processes, making them difficult to replicate [3]. - In the context of smart manufacturing and human-machine interaction upgrades, the company's technology path demonstrates clear commercialization value, meeting the precise sensing needs of high-end manufacturing scenarios such as robotics and automotive [3]. - The company has served multiple leading enterprises across various industries, forming a practical closed loop from technology validation to large-scale application, positioning it as a potential industry benchmark in the flexible electronic skin sector [3]. Market Trends - The financing event reflects the high attention and expectations in the technology sector for flexible sensor technology [4]. - With the rapid development of humanoid robots and smart interaction technologies, the market demand for flexible sensors as key components continues to grow [4]. - Government policies have been introduced to support R&D investments and promote technological innovation, which benefits companies like SaiGan Technology [4][5].