Core Viewpoint - Fute Technology, a leading supplier of automotive power systems in China, focuses on high-voltage power systems for new energy vehicles and is set to be listed on the Shenzhen Stock Exchange in September 2024 [1] Group 1: Company Overview - Fute Technology was established on August 10, 2011, and is headquartered in Huzhou, Zhejiang Province [1] - The company is recognized as a national high-tech enterprise specializing in the research, production, and sales of high-voltage power systems for new energy vehicles [1] - It operates within the automotive industry, specifically in the automotive parts and electronic electrical systems sector, involving concepts such as charging stations and new energy vehicles [1] Group 2: Financial Performance - In Q3 2025, Fute Technology achieved a revenue of 2.559 billion yuan, ranking 17th among 36 companies in the industry [2] - The company's net profit for the same period was 137 million yuan, placing it 16th in the industry [2] - The industry leader, Joyson Electronics, reported a revenue of 45.844 billion yuan and a net profit of 1.363 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, Fute Technology's debt-to-asset ratio was 67.17%, an increase from 50.13% in the previous year, exceeding the industry average of 44.11% [3] - The company's gross profit margin in Q3 2025 was 19.49%, down from 26.41% year-on-year, but in line with the industry average of 19.46% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 23.01% to 10,100 [5] - The average number of circulating A-shares held per shareholder increased by 29.89% to 10,700 [5] - Notable changes in the top ten circulating shareholders included the exit of several funds [5] Group 5: Business Highlights - Fute Technology's domestic market share for automotive power systems has significantly increased, driven by the growth of domestic customer models [5] - The company has benefited from the electrification trend in Europe, with overseas revenue accounting for over 17% in the first half of 2025 [6] - The company has maintained a strong focus on R&D, successfully applying SiC semiconductor devices in its products [6]

上市不足一年的富特科技，近日推出再融资方案。根据公司发布的向特定对象发行A股股票预案，本次 拟募集资金总额不超过5.28亿元，投向新能源汽车相关领域及补充流动资金，发行对象限定为不超过35 名符合条件的投资者，发行股票数量上限为4662.61万股，不超过发行前总股本的30%。 从募资用途来看，2.34亿元将投入新能源汽车核心零部件智能化生产项目（三期），计划新增72万套车 载电源产能；1.55亿元用于新能源汽车车载电源生产项目第二基地购置；3642.43万元专项支持新一代车 载电源研发；剩余1.03亿元则用于补充流动资金。 富特科技成立于2011年，专注于新能源汽车高压电源系统的研发、生产与销售，于2024年9月登陆深交 所，IPO募资3.89亿元。 在上市不满一年的情况下，富特科技此次定增再融资计划引发市场对其激进扩产的质疑。 从经营数据来看，富特科技在新能源汽车产业链的布局似乎取得一定进展。2024 年公司实现营业收入 19.34亿元，同比增长5.38%；2025年一季度营收更是达到 5.06亿元，同比暴涨近95%。但亮丽的营收增 长背后，盈利疲软的问题逐渐凸显。2024年归母净利润9460.52万元，同 ...