新京报贝壳财经讯（记者黄鑫宇）自10月13日晚开始，北证市场正式进入2025年三季报的披露"时间"。 但销售规模扩大对当前的雅葆轩来说，也是一把双刃剑。三季报显示，雅葆轩经营现金流净额在本季中 出现大幅下滑的情况。 官网等公开信息显示，雅葆轩主营业务为电子产品研发、生产和销售，主要从事消费电子、汽车电子、 工业控制领域的PCBA（印刷电路板组件的简称）电子制造服务。公司于2022年11月在北交所上市，为 安徽省芜湖市首家北交所上市公司。 其中，雅葆轩汽车电子的产品主要有车载仪表盘屏幕显示控制板、车载中控屏幕显示控制板等，主要的 终端客户包括比亚迪、丰田、福特、吉利、小鹏汽车、零跑、江铃、长安等。 雅葆轩消费电子的产品主要有笔记本电脑屏幕显示控制板、平板电脑屏幕显示控制板、电力保护装置控 制板、电力切换装置控制板等，主要的终端客户包括联想、华硕、小米、德力西电气、施耐德等。 今年半年报曾披露，雅葆轩的汽车电子产品由于"大屏化趋势加速，下游车载需求爆发"，营收同比大增 194.96%；但是消费电子产品则由于"消费电子产品市场毛利率普遍承压"等原因，营收比去年同期减少 21.66%。 雅葆轩在三季报中并未就消费电子 ...

Group 1: Company Overview - The company specializes in PCBA electronic manufacturing services across three main sectors: consumer electronics, automotive electronics, and industrial control [4][12] - The company has established long-term cooperative relationships with several downstream clients, enhancing its core competitiveness [4][5] Group 2: Financial Performance - In 2024, the revenue breakdown for the main business segments is as follows: consumer electronics at ¥211,604,606.08 (56.15%), automotive electronics at ¥77,052,808.32 (20.45%), and industrial control at ¥66,144,670.71 (17.55%) [6] - The net profit attributable to shareholders for the reporting period is ¥48,265,700, reflecting a year-on-year growth of 12.10% [6] Group 3: Production Capacity and Expansion - The production capacity utilization rate for 2024 is 112.25%, indicating a saturated state [6] - The company has purchased 54,576.19 square meters of industrial land for a new factory, which will be 2-3 times the size of the current facility, expected to be operational by 2025 [7] Group 4: Market Trends and Future Outlook - The automotive electronics sector is anticipated to see significant growth due to the rapid development of new energy vehicles and the increasing level of automotive electronic integration [12] - The overall industry is projected to grow, driven by the accelerated replacement of consumer electronics and advancements in industrial automation [12] Group 5: Shareholder Relations and Market Perception - A major shareholder reduced their stake from 12.4404% to 10.4404% due to personal financial needs, which does not impact the company's governance structure [8] - The company emphasizes long-term value creation over short-term market fluctuations and is committed to enhancing operational quality and investor communication [9][10]