国寿安保智慧生活股票A（001672）基金经理为张琦。 截至发稿，张琦累计任职时间15年169天，现任基金资产总规模27.73亿元，任职期间最佳基金回报 214.04%， 任职期间最差基金回报-19.09%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 12月19日，菲沃泰涨5.29%，截至发稿，报19.30元/股，成交1333.51万元，换手率0.21%，总市值64.75 亿元。 资料显示，江苏菲沃泰纳米科技股份有限公司位于江苏省无锡市新吴区新华路277号，成立日期2016年8 月16日，上市日期2022年8月2日，公司主营业务涉及研究和发展适应复杂应用环境的纳米材料技术,主 要从事高性能、多功能纳米薄膜的研发和制备,并基于自主研发的纳米镀膜设备、材料配方及制备工艺 技术为客户提供基于纳米薄膜的定制化解决方案。主营业务收入构成为：纳米镀膜产品93.60%，其他 (补充)4.25%，纳米镀膜设备2.15%。 从菲沃泰十大流通股东角度 数据显示，国寿 ...

12月3日，菲沃泰跌1.77%，成交额3421.19万元。两融数据显示，当日菲沃泰获融资买入额418.45万 元，融资偿还450.59万元，融资净买入-32.14万元。截至12月3日，菲沃泰融资融券余额合计1.02亿元。 融资方面，菲沃泰当日融资买入418.45万元。当前融资余额1.02亿元，占流通市值的1.61%，融资余额 超过近一年70%分位水平，处于较高位。 机构持仓方面，截止2025年9月30日，菲沃泰十大流通股东中，国寿安保智慧生活股票A（001672）位 居第四大流通股东，持股280.89万股，持股数量较上期不变。 责任编辑：小浪快报 资料显示，江苏菲沃泰纳米科技股份有限公司位于江苏省无锡市新吴区新华路277号，成立日期2016年8 月16日，上市日期2022年8月2日，公司主营业务涉及研究和发展适应复杂应用环境的纳米材料技术,主 要从事高性能、多功能纳米薄膜的研发和制备,并基于自主研发的纳米镀膜设备、材料配方及制备工艺 技术为客户提供基于纳米薄膜的定制化解决方案。主营业务收入构成为：纳米镀膜产品93.60%，其他 (补充)4.25%，纳米镀膜设备2.15%。 截至9月30日，菲沃泰股东户数745 ...

Core Viewpoint - Feiwo Tai is a leading company in the domestic nano-coating field, focusing on the research and development of high-performance, multifunctional nano-films, and has established itself as a key supplier for major clients in various sectors [1][6]. Group 1: Company Overview - Feiwo Tai was established on August 16, 2016, and was listed on the Shanghai Stock Exchange on August 2, 2022, with its registered and office address in Wuxi, Jiangsu Province [1]. - The company specializes in developing nano-material technology suitable for complex application environments and provides customized solutions based on nano-films [1]. Group 2: Financial Performance - In Q3 2025, Feiwo Tai achieved a revenue of 367 million yuan, ranking 31st among 35 companies in the industry, while the industry leader, Xilong Science, reported a revenue of 5.324 billion yuan [2]. - The main business revenue from nano-coating products was 214 million yuan, accounting for 93.60% of total revenue [2]. - The net profit for the same period was 28.98 million yuan, ranking 28th in the industry, with the industry leader, Anji Technology, reporting a net profit of 608 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Feiwo Tai's debt-to-asset ratio was 5.67%, lower than the industry average of 28.64%, indicating strong solvency [3]. - The gross profit margin for Q3 2025 was 53.65%, higher than the industry average of 31.60%, reflecting strong profitability [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 8.60% to 7,450, while the average number of circulating A-shares held per shareholder increased by 189.15% to 45,000 [5]. Group 5: Business Highlights - Minsheng Securities noted that Feiwo Tai is a leader in customized nano-film products, achieving breakthroughs in various fields including product development and process validation [6]. - The company has become a core supplier for major clients, having provided nano-coating protection for over 1 billion mobile phones and 700 million earphones by October 2024 [6]. - Feiwo Tai is expected to benefit from the recovery in consumer electronics and the expansion of demand in emerging fields, with projected revenues of 575 million, 802 million, and 1.196 billion yuan for 2025 to 2027 [6].

Core Viewpoint - The company Feiwo Tai experienced a decline in stock price and trading volume on October 10, 2023, with significant financing activities indicating a high level of market engagement despite the drop in share price [1] Financing Summary - On October 10, 2023, Feiwo Tai's financing buy-in amounted to 6.77 million yuan, while financing repayment reached 9.90 million yuan, resulting in a net financing outflow of 3.14 million yuan [1] - The total financing and securities balance for Feiwo Tai as of October 10, 2023, was 119 million yuan, representing 1.44% of the circulating market value, which is above the 90th percentile of the past year [1] - The company had no short-selling activities on the same day, with a short-selling balance of 0.00 shares, indicating a lack of bearish sentiment in the market [1] Company Overview - Feiwo Tai, established on August 16, 2016, and listed on August 2, 2022, is located in Wuxi, Jiangsu Province [1] - The company specializes in the research and development of nanomaterials technology suitable for complex application environments, focusing on high-performance, multifunctional nanofilms [1] - The revenue composition of Feiwo Tai includes 93.60% from nanofilm products, 4.25% from other sources, and 2.15% from nanofilm equipment [1] Financial Performance - For the period from January to June 2025, Feiwo Tai reported an operating income of 229 million yuan, reflecting a year-on-year growth of 6.95% [2] - The net profit attributable to the parent company for the same period was 16.71 million yuan, showing a year-on-year increase of 7.74% [2] - As of June 30, 2025, the number of shareholders for Feiwo Tai was 8,151, a decrease of 4.48% from the previous period, while the average circulating shares per person increased by 4.69% to 15,573 shares [2] Institutional Holdings - As of June 30, 2025, Guoshou Anbao Smart Life Stock A (001672) was the fourth largest circulating shareholder of Feiwo Tai, holding 2.81 million shares as a new investor [2]

Group 1 - The core viewpoint of the news is that Feiwo Tai's stock price increased by 5.06% to 27.21 CNY per share, with a total market capitalization of 9.128 billion CNY as of the report date [1] - Feiwo Tai, established on August 16, 2016, specializes in the research and development of nanomaterial technology for complex applications, focusing on high-performance, multifunctional nanofilms [1] - The company's main revenue sources are 93.60% from nanocoating products, 4.25% from other sources, and 2.15% from nanocoating equipment [1] Group 2 - The top circulating shareholder of Feiwo Tai is the Guoshou Anbao Fund, which has recently entered the top ten shareholders with 2.21% of the circulating shares, amounting to 2.8089 million shares [2] - The Guoshou Anbao Smart Life Stock A fund has achieved a year-to-date return of 37.45% and a one-year return of 90.99%, ranking 1003 out of 4222 and 684 out of 3804 respectively [2] - The fund manager, Zhang Qi, has a tenure of 15 years and has managed a total fund size of 2.317 billion CNY, with the best return during his tenure being 223.6% [3]

Group 1 - The core viewpoint of the news is that Feiwo Tai has shown significant trading activity and financial performance, indicating a strong market presence and investor interest [1][2]. - On August 29, Feiwo Tai's stock price increased by 1.68%, with a trading volume of 140 million yuan. The net financing purchase on that day was 9.81 million yuan, with a total financing balance of 131 million yuan, representing 1.58% of the circulating market value [1]. - The company specializes in the research and development of nanomaterials technology, primarily focusing on high-performance, multifunctional nanofilms, which account for 93.60% of its main business revenue [1]. Group 2 - As of June 30, the number of shareholders in Feiwo Tai decreased by 4.48% to 8,151, while the average circulating shares per person increased by 4.69% to 15,573 shares [2]. - For the first half of 2025, Feiwo Tai reported a revenue of 229 million yuan, reflecting a year-on-year growth of 6.95%, and a net profit attributable to shareholders of 16.71 million yuan, up 7.74% year-on-year [2]. - Among the top ten circulating shareholders, Guoshou Anbao Smart Life Stock A became the fourth largest shareholder with 2.81 million shares, indicating new institutional interest [2].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [5]. Core Insights - The company is a leading player in the domestic nano-coating industry, focusing on customized nano-film products and equipment, achieving breakthroughs across multiple fields [1][3]. - The demand for nano-films is expected to grow significantly, driven by innovations in various industries, including consumer electronics, automotive, and healthcare [2][28]. - The company has established a strong market presence by becoming a core supplier for major global clients, including Apple and Xiaomi, and has successfully penetrated both domestic and international markets [11][19]. Summary by Sections 1. Company Overview - Founded in August 2016, the company has developed into a global leader in the nano-coating field, focusing on high-performance, multifunctional nano-films and related services [10][14]. - The company has achieved significant recognition from major clients, having provided nano-coating protection for over 1 billion mobile devices and 700 million earphones [11][19]. 2. Industry Trends - The global nano-film market was valued at approximately $14.18 billion in 2023 and is projected to exceed $66.35 billion by the end of 2032, with a CAGR of 18.7% from 2023 to 2032 [2][45]. - The rise of the Internet of Things (IoT) is expanding the application scenarios for nano-films across various electronic products [42][45]. 3. Technological Capabilities - The company has developed a comprehensive set of core technologies in nano-coating, including equipment manufacturing, material formulation, and customized services, successfully breaking foreign technology monopolies [3][57]. - The company’s proprietary nano-coating equipment has achieved mass production and is designed to meet diverse customer needs, enhancing production efficiency and product quality [57][58]. 4. Financial Projections - The company is expected to see revenue growth from 4.79 billion yuan in 2024 to 11.96 billion yuan by 2027, with net profit projected to increase from 0.45 billion yuan to 2.23 billion yuan during the same period [4][19]. - The earnings per share (EPS) is forecasted to rise from 0.23 yuan in 2025 to 0.66 yuan in 2027, reflecting a positive outlook for the company's financial performance [4][19].

Core Viewpoint - The report outlines the ongoing supervision and compliance of Jiangsu Feiwo Tai Nano Technology Co., Ltd. by China International Capital Corporation, emphasizing the company's adherence to regulations and the establishment of effective governance and internal control systems [1][2][3]. Group 1: Continuous Supervision - The sponsor has established and effectively implemented a continuous supervision system and corresponding work plans for Feiwo Tai [1]. - The sponsor has signed a sponsorship agreement with Feiwo Tai, outlining rights and obligations during the supervision period [2]. - Regular communication, site inspections, and due diligence are conducted to ensure compliance with laws and regulations [2][3]. Group 2: Financial Performance - In 2024, the company achieved operating revenue of approximately 479.46 million yuan, a 55.21% increase from the previous year [12]. - The net profit attributable to shareholders was approximately 45.11 million yuan, marking a turnaround from a loss of 41.55 million yuan in 2023 [12]. - The company's gross profit margin stood at 53.09%, primarily due to a higher proportion of revenue from the more profitable external integrated production model [10]. Group 3: Research and Development - The company invested approximately 89.81 million yuan in R&D, representing 18.73% of its operating revenue, maintaining a high level of investment [14]. - The company holds a total of 334 authorized patents, including 240 invention patents, reflecting its commitment to innovation [14]. Group 4: Market and Industry Risks - The company faces risks related to concentrated downstream applications, primarily in the consumer electronics sector, which could impact future performance if market conditions change [6][7]. - The company is also exposed to risks from high customer concentration, with significant revenue derived from its top five clients [6][7]. - The competitive landscape in the nano-coating industry is intensifying, with potential threats from traditional protective product companies entering the market [11][12]. Group 5: Use of Funds - As of December 31, 2024, the company has utilized approximately 136.08 million yuan of raised funds, with specific allocations for projects and working capital [15][16]. - The company has complied with regulations regarding the use of raised funds, ensuring no harm to shareholder interests [19]. Group 6: Corporate Governance - The company has established effective governance structures, including rules for shareholder meetings and board operations, to ensure compliance with regulatory requirements [3][4]. - There have been no reported violations or issues regarding the company's governance or compliance during the supervision period [5]. Group 7: Future Outlook - The company plans to expand its business into automotive electronics, security equipment, and medical devices, indicating a strategic diversification of its revenue sources [6]. - The ongoing development of new products is crucial for maintaining competitiveness in a rapidly evolving market [6][9].