证券代码：600563 证券简称：法拉电子 编号：2025-023 （一）本次董事会会议的召开符合《公司法》等有关法律、法规、规章以及 《公司章程》的有关规定。 （二）厦门法拉电子股份有限公司（以下简称"公司"）于 2025 年 11 月 30 日以专人送达、传真或邮件的方式向全体董事发出关于召开公司第九届 2025 年 第一次临时董事会会议的通知。 （三）本次董事会会议于 2025 年 12 月 3 日以现场结合通讯方式召开。 （四）本次董事会会议应到董事 9 人，实到董事 9 人，公司监事及高管人员 列席了会议。 （五）本次董事会会议的主持人为卢慧雄先生。 二、 董事会会议审议情况 厦门法拉电子股份有限公司 第九届董事会 2025 年第一次临时会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 董事会会议召开情况 与会董事经过认真审议，以举手表决的方式，通过了以下议案： 表决结果：同意 9 票，反对 0 票，弃权 0 票。 3、《关于召开 2025 年第一次临时股东会的议案》,召开临时股东会的相关事 宜另行 ...

Group 1 - The company, Farah Electronics, announced that its ninth board meeting for 2025 was held on December 3, 2025, in a hybrid format combining in-person and communication methods [1] - The meeting reviewed proposals including the cancellation of the supervisory board and amendments to the company's articles of association and certain corporate governance systems [1] Group 2 - A report highlighted a situation where a stock trader's request for a price increase was fulfilled the next day, leading to a surge in the stock price of Xiangyang Bearing [1] - The report suggests that there are concerns regarding platform review loopholes and potential market manipulation related to the stock price increase [1]

证券日报网讯12月1日，法拉电子（600563）在互动平台回答投资者提问时表示，公司会从产品、设 计、成本、市场等多方面做好预案，确保稳健经营。 ...

证券日报网讯12月1日，法拉电子（600563）在互动平台回答投资者提问时表示，股东人数公司会按照 相关规定在定期报告披露，请关注公司的定期报告。 ...

Core Viewpoint - Farah Electronics (600563) reported that its orders and production remain stable in the fourth quarter, indicating a positive outlook for the company's performance [1] Company Summary - The company has communicated to investors that both orders and production levels are stable for the fourth quarter [1]

Group 1 - The core viewpoint of the article highlights that Farah Electronics (600563.SH) has applications in both civilian and defense technology sectors [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the market [5]. Core Insights - The company achieved a revenue of 3.94 billion yuan in the first three quarters of 2025, representing a year-over-year increase of 14.7%. The net profit attributable to the parent company was 890 million yuan, also up by 14.6% year-over-year [3][5]. - The company is a global leader in film capacitors, with increasing sales and market share in the electric vehicle, photovoltaic, and energy storage sectors, contributing to steady operational performance [5]. - Research and development investments reached 140 million yuan in the first three quarters of 2025, a 16% increase year-over-year, accounting for 3.6% of sales revenue [5]. - The company has a strong commitment to shareholder returns, having distributed a total of 4.5 billion yuan in cash dividends in the first half of 2025, which is 43.31% of the net profit attributable to shareholders for the 2024 fiscal year [5]. Financial Data and Earnings Forecast - The total revenue forecast for 2025 is 5.709 billion yuan, with a year-over-year growth rate of 19.6%. The net profit attributable to the parent company is projected to be 1.291 billion yuan, reflecting a growth rate of 24.3% [4]. - Earnings per share (EPS) for 2025 is estimated at 5.74 yuan, with a gross margin of 33.4% and a return on equity (ROE) of 21.2% [4]. - The price-to-earnings (PE) ratio for 2025 is projected at 20, which is considered relatively low compared to the historical average of 35 [5].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance relative to the market [6]. Core Insights - The company achieved a revenue of 3.94 billion yuan in the first three quarters of 2025, representing a year-over-year growth of 14.7%. The net profit attributable to shareholders was 889 million yuan, also up by 14.6% year-over-year [4]. - The company is a global leader in film capacitors, with increasing sales and market share in sectors such as new energy vehicles, photovoltaics, and energy storage [6]. - Research and development investments have been prioritized, with 140 million yuan allocated in the first three quarters of 2025, a 16% increase year-over-year, accounting for 3.6% of sales revenue [6]. - The company has a strong commitment to shareholder returns, having distributed a total of 4.5 billion yuan in cash dividends in the first half of 2025, which is 43.31% of the net profit attributable to shareholders for 2024 [6]. - The profit forecast for 2025 has been adjusted to 1.29 billion yuan, down from the previous estimate of 1.405 billion yuan, with new projections for 2026 and 2027 set at 1.5 billion and 1.73 billion yuan, respectively [6]. Financial Data Summary - For 2025, the total revenue is projected to be 5.709 billion yuan, with a year-over-year growth rate of 19.6%. The net profit is expected to reach 1.291 billion yuan, reflecting a growth rate of 24.3% [5]. - The earnings per share (EPS) for 2025 is estimated at 5.74 yuan, with a gross margin of 33.4% and a return on equity (ROE) of 21.2% [5]. - The company's price-to-earnings (PE) ratios for 2025, 2026, and 2027 are projected to be 20, 17, and 15, respectively, indicating a relatively low valuation compared to historical averages [6].

Group 1 - The core viewpoint of the article is that Farah Electronics (600563.SH) has a significant presence in the energy storage sector, indicating its products are widely utilized in this field [1] Group 2 - The company engages with investors through an interactive platform, showcasing its commitment to transparency and communication [1] - The mention of energy storage applications highlights the growing importance of this sector in the current market landscape [1]

Core Viewpoint - The company has shown steady growth in revenue and profit, particularly in the new energy sector, while maintaining a strong commitment to shareholder returns through cash dividends [3][4][5]. Financial Performance - For the first three quarters of 2025, the company achieved revenue of 3.944 billion yuan, a year-on-year increase of 14.69%, and a net profit attributable to shareholders of 888 million yuan, up 14.58% year-on-year [3]. - In Q3 2025, the company reported revenue of 1.445 billion yuan, a year-on-year increase of 9.31% and a quarter-on-quarter increase of 11.52% [3]. - The gross margin for Q3 2025 was 32.53%, down 1.63 percentage points year-on-year, while the net margin was 21.98%, a slight decrease of 0.15 percentage points year-on-year [3]. Market Position and Strategy - The company is focusing on its core business and actively expanding its market presence, particularly in the new energy sector, by enhancing cooperation with high-end clients and improving its market competitiveness through innovation and cost efficiency [4]. - The product range includes various types of capacitors that cater to industries such as industrial control, photovoltaic, energy storage, wind power, and electric vehicles [4]. Shareholder Returns - The company emphasizes shareholder returns, implementing a cash dividend distribution plan for the first half of 2025, distributing 20 yuan per 10 shares, totaling 450 million yuan, which accounts for 43.31% of the net profit attributable to shareholders for 2024 [5]. - Cumulatively, the company has distributed 4.38 billion yuan in cash dividends since its listing [5]. Technological Innovation - The company prioritizes technological innovation, holding 7 invention patents, 154 utility model patents, and 3 international patents as of mid-2025 [6]. - It has participated in the formulation of numerous international and national standards, showcasing its leadership in technology within the industry [6].