证券日报网讯12月29日，未来电器（301386）在互动平台回答投资者提问时表示，公司主营产品为框架 断路器附件、塑壳断路器附件、智能终端电器，可以适配下游客户产品应用到各领域的配用电保护场 景。 ...

证券日报网讯12月18日，未来电器（301386）在互动平台回答投资者提问时表示，AI数据中心与传统 数据中心有许多相似之处，运营中都需要考虑安全性、可靠性和能源效率等问题。公司主营低压断路器 附件产品，涵盖框架断路器附件、塑壳断路器附件、智能终端电器三大品类，通过与断路器进行组合， 赋能断路器新增状态诊断、信号传感、多元控制保护等功能，能够广泛应用于数据中心配用电保护场 景，为配电系统提供全面保护、智能控制以及实时监测服务。 ...

证券日报网12月3日讯未来电器（301386）在12月2日回答调研者提问时表示，公司主营业务聚焦于框架 断路器附件、塑壳断路器附件及智能终端电器，并通过下游客户产品用于配用电保护场景。同时，公司 顺应市场发展趋势，对低压电器领域前沿技术与产品进行研究并积极布局，不断加强与客户的产品同步 研发。 ...

分红方面，未来电器A股上市后累计派现3.08亿元。 机构持仓方面，截止2025年9月30日，未来电器十大流通股东中，华夏中证500指数增强A（007994）位 居第五大流通股东，持股43.77万股，为新进股东。 责任编辑：小浪快报 融券方面，未来电器11月27日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元，超过近一年90%分位水平，处于高位。 资料显示，苏州未来电器股份有限公司位于江苏省苏州市相城区北桥街道庄基村，成立日期2001年9月3 日，上市日期2023年3月29日，公司主营业务涉及低压电器附件的研发、生产和销售。主营业务收入构 成为：塑壳断路器附件39.10%，智能终端电器30.98%，框架断路器附件26.37%，其他(补充)2.20%，其 他辅助类成品1.35%。 截至11月20日，未来电器股东户数1.37万，较上期减少8.32%；人均流通股3136股，较上期增加9.08%。 2025年1月-9月，未来电器实现营业收入4.13亿元，同比增长7.86%；归母净利润7131.84万元，同比增长 10.61%。 11月27日，未来电 ...

Group 1 - The core viewpoint of the news is that Future Electric has seen a significant increase in its stock price, rising 5.1% to 28.43 CNY per share, with a total market capitalization of 3.98 billion CNY and a trading volume of 145 million CNY, indicating strong investor interest [1] - Future Electric's stock has experienced a continuous increase for five days, with a cumulative growth of 7.98% during this period [1] - The company, established on September 3, 2001, specializes in the research, production, and sales of low-voltage electrical accessories, with its main revenue sources being shell circuit breaker accessories (39.10%), smart terminal electrical products (30.98%), and frame circuit breaker accessories (26.37%) [1] Group 2 - Among the top ten circulating shareholders of Future Electric, a fund under Huaxia Fund has entered the list, specifically the Huaxia CSI 500 Index Enhanced A (007994), which holds 437,700 shares, accounting for 1.02% of the circulating shares [2] - The fund has generated a floating profit of approximately 604,000 CNY today and a total of 875,400 CNY during the five-day increase [2] - The Huaxia CSI 500 Index Enhanced A fund was established on March 25, 2020, with a current scale of 3.308 billion CNY and has achieved a year-to-date return of 28.74% [2]

Core Viewpoint - Future Electric, a leading manufacturer of low-voltage electrical accessories in China, was established in September 2001 and listed on the Shenzhen Stock Exchange in March 2023. The company has strong R&D capabilities and product quality advantages [1]. Group 1: Business Performance - In Q3 2025, Future Electric reported revenue of 413 million yuan, ranking 21st out of 26 in the industry, significantly lower than the industry leader, Chint Electric, which had revenue of 46.396 billion yuan [2]. - The company's net profit for the same period was 71.3184 million yuan, ranking 12th in the industry, again far below Chint Electric's 5.656 billion yuan [2]. - The main business composition includes: shell circuit breaker accessories at 113 million yuan (39.10%), smart terminal electrical products at 89.158 million yuan (30.98%), and frame circuit breaker accessories at 75.8997 million yuan (26.37%) [2]. Group 2: Financial Ratios - As of Q3 2025, Future Electric's debt-to-asset ratio was 11.95%, an increase from 10.94% year-on-year, but still well below the industry average of 40.49%, indicating strong solvency [3]. - The company's gross profit margin was 27.95%, slightly up from 27.21% year-on-year, and higher than the industry average of 23.98%, reflecting strong profitability [3]. Group 3: Executive Compensation - The chairman, Mo Weny, received a salary of 497,400 yuan in 2024, a decrease of 22,600 yuan from 2023 [4]. - The general manager, Lou Yang, received a salary of 687,400 yuan in 2024, an increase of 137,400 yuan from 2023 [4]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.75% to 11,200, with an average holding of 3,825.4 circulating A-shares, a decrease of 0.74% [5]. - Among the top ten circulating shareholders, Huaxia CSI 500 Index Enhanced A (007994) ranked as the fifth largest circulating shareholder, holding 437,700 shares as a new shareholder [5].

Core Insights - Future Electric experienced a stock price increase of 5.21%, reaching 26.06 CNY per share, with a trading volume of 158 million CNY and a turnover rate of 14.63%, resulting in a total market capitalization of 3.648 billion CNY [1] Company Overview - Suzhou Future Electric Co., Ltd. is located in Jiangsu Province, Suzhou City, and was established on September 3, 2001. The company went public on March 29, 2023. Its main business involves the research, production, and sales of low-voltage electrical accessories [1] - The revenue composition of Future Electric includes: 39.10% from molded case circuit breaker accessories, 30.98% from smart terminal electrical products, 26.37% from frame circuit breaker accessories, 2.20% from other supplementary products, and 1.35% from other auxiliary finished products [1] Shareholder Information - Among the top ten circulating shareholders of Future Electric, one fund from Huaxia Fund is notable. The Huaxia CSI 500 Index Enhanced A (007994) fund entered the top ten circulating shareholders in the third quarter, holding 437,700 shares, which accounts for 1.02% of the circulating shares. The estimated floating profit for today is approximately 564,600 CNY [2] - The Huaxia CSI 500 Index Enhanced A fund was established on March 25, 2020, with a current scale of 3.135 billion CNY. Year-to-date returns are 24.5%, ranking 2042 out of 4218 in its category; the one-year return is 26.77%, ranking 1592 out of 3875; and since inception, the return is 129.7% [2]

Group 1 - The company primarily serves the low-voltage electrical industry, with major clients including well-known domestic and international enterprises such as Chint Electric, Liangxin, Changshu Switch, Delixi, Xiamen Hongfa, Taiyong Changzheng, Shou Rui Tianjin, Schneider, ABB, Siemens, and Eaton, as well as State Grid and Southern Power Grid [1] - The main products of the company include frame circuit breaker accessories, plastic shell circuit breaker accessories, and smart terminal electrical devices, with some products applied in data center power protection scenarios through downstream customer applications [1]

Core Viewpoint - Future Electric (301386.SZ) is focusing on enhancing its product offerings in response to the growing demand for data center thermal management solutions, particularly through the upgrade of circuit breakers to meet the needs of liquid cooling trends [1] Group 1: Product Focus - The company's main products include frame circuit breaker accessories, plastic shell circuit breaker accessories, and smart terminal electrical devices [1] - These products are applied in data center power protection scenarios, indicating a strategic alignment with industry trends [1] Group 2: Technological Advancements - Future Electric is researching and developing low-voltage electrical technologies and products, aiming to optimize its offerings for corrosion resistance, extreme temperature tolerance, and electromagnetic interference [1] - The company is customizing management solutions based on equipment scale and application scenarios to enhance reliability, reduce power consumption, and improve energy efficiency [1] Group 3: Market Expansion - The company's overseas business strategy is focused on Southeast Asia, where it has not yet achieved significant sales scale [1] - Future Electric plans to intensify its market development efforts in Southeast Asia to drive growth in overseas revenue [1]

Group 1: Financial Performance - The company's 2024 annual revenue declined due to a decrease in procurement volume from major clients and slow progress in fulfilling projects that have already been awarded [2] - The total R&D investment over the last three accounting years amounted to 64.5791 million, representing 4.19% of cumulative revenue, with annual increases in R&D spending [2] Group 2: Strategic Plans - For 2025, the company aims to maintain a development approach focused on "controllable risks and steady progress," avoiding blind expansion and diversifying, while strengthening core business areas [2] - The company plans to optimize and innovate products related to power, new energy, and energy storage, enhancing operational efficiency across various functions [2] Group 3: Market Position and Competition - The company focuses on differentiated competition in the low-voltage circuit breaker and accessory market, with a significant increase in market share in smart accessories due to the rise of smart grids and buildings [3] - The company aims to avoid price wars by concentrating on high-value-added products and optimizing manufacturing costs to maintain customer loyalty [3] Group 4: Future Growth and Opportunities - The demand for low-voltage circuit breakers is expected to grow due to increasing electricity needs and the rise of new energy sources, with smart and automated distribution scenarios being key growth points [3] - The company has established a presence in the overseas market by setting up a subsidiary in Singapore, which serves as a strategic hub for Southeast Asia [2]