证券日报网讯 12月15日，方邦股份在互动平台回答投资者提问时表示，公司开发了相关树脂材料，涂 覆于超薄铜箔，形成RCC或FRCC材料，用于超细线路制作，目前处于客户测试阶段；同时，公司利用 自有的配方技术自产的PI/TPI材料主要用于FCCL产品，目前暂未外销。 （文章来源：证券日报） ...

格隆汇12月15日丨方邦股份(688020.SH)在投资者互动平台表示，公司开发了相关树脂材料，涂覆于超 薄铜箔，形成RCC或FRCC材料，用于超细线路制作，目前处于客户测试阶段；同时，公司利用自有的 配方技术自产的PI/TPI材料主要用于FCCL产品，目前暂未外销。 ...

Core Viewpoint - Pan-Asia Micro-Porous Materials Co., Ltd. is a leading supplier of expanded polytetrafluoroethylene (ePTFE) membranes and micro-porous materials in China, with significant market shares in automotive components and consumer electronics [1] Group 1: Business Performance - In Q3 2025, the company's revenue was 500 million yuan, ranking 16th among 19 companies in the industry, while the industry leader, Double Star New Materials, reported revenue of 3.893 billion yuan [2] - The company's net profit for the same period was 100 million yuan, ranking 5th in the industry, with the top performer, Dongcai Technology, achieving a net profit of 272 million yuan [2] - The main business composition includes ePTFE micro-porous products generating 102 million yuan, accounting for 35.76% of total revenue [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 43.04%, higher than the previous year's 28.68% and above the industry average of 33.88% [3] - The gross profit margin for Q3 2025 was 45.85%, down from 48.19% year-on-year but significantly higher than the industry average of 18.54% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.18% to 4,035, while the average number of circulating A-shares held per household increased by 2.23% to 22,600 [5] - Notable changes among the top ten circulating shareholders include the entry of XQH Yuanliang Mixed A as the seventh largest shareholder, holding 1.3349 million shares [5] Group 4: Future Outlook - The company is expected to achieve revenue of 671 million yuan, 899 million yuan, and 1.277 billion yuan from 2025 to 2027, with net profits projected at 147 million yuan, 197 million yuan, and 288 million yuan respectively [5] - The automotive industry's rapid growth is driving demand for related products, and the company is transitioning from a cable membrane supplier to a provider of cables, components, and overall solutions [6]