证券代码：688665 证券简称：四方光电 公告编号：2025-041 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 18 日（星期二）至 11 月 24 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 bod@gassensor.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 四方光电股份有限公司（以下简称"公司"）已于 2025 年 10 月 25 日发布公 司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三 季度经营成果、财务状况，公司计划于 2025 年 11 月 25 日（星期二）14:00-15:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 四方光电股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 11 月 25 日（星期二）14:00-15:00 会 议 召 ...

Core Viewpoint - The company maintains a high capacity utilization rate at its Jiaxing Park, with potential for further flexibility in production capacity. The Hungarian factory has completed customer audits and is expected to release capacity by early next year [1]. Group 1 - The capacity utilization rate at the Jiaxing Park remains at a high level [1] - There is still some room for flexibility in production capacity [1] - The Hungarian factory has completed relevant customer audits [1] - The company anticipates capacity release in the Hungarian factory by early next year [1]

Core Viewpoint - Sifang Optoelectronics (688665) has seen significant financing activity, with a net financing increase of 1.1688 million yuan on November 12, 2025, and a total financing balance of 18.1 million yuan, indicating strong investor interest in the stock [1][4]. Financing Summary - On November 12, 2025, Sifang Optoelectronics had a financing buy-in of 3.5269 million yuan and a financing repayment of 2.3581 million yuan, resulting in a net financing increase of 1.1688 million yuan [1]. - The financing balance reached 18.1 million yuan, which is a 0.65% increase from the previous day [4]. - Over the past three trading days, the cumulative net financing increase has been 5.5306 million yuan, with 14 out of the last 20 trading days showing net financing inflows [1]. Margin Trading Summary - On November 12, 2025, there was a short selling of 200 shares, with no shares being repaid, resulting in a net short selling of 200 shares [2]. - The margin trading balance was recorded at 47.93 million yuan, with a total of 9,690 shares remaining available for short selling [3]. Margin Trading Balance Changes - The margin trading balance on November 12, 2025, was 18.1 million yuan, reflecting a change of 1.1730 million yuan, or 0.65%, from the previous day [4]. - The margin trading balance has shown a consistent upward trend over the past few trading days, indicating increased trading activity [4].

Group 1 - The company does not provide heating services but offers products related to the HVAC (Heating, Ventilation, and Air Conditioning) sector, including sensors, actuators, and controllers [1]

Group 1 - The company Sifang Optoelectronics reported a high capacity utilization rate at its Jiashan Park, indicating room for flexibility in production [1] - The company's factory in Hungary has completed customer audits and is expected to release production capacity by early next year [1]

Core Viewpoint - The company reported a revenue of 722 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 33.56% [1] Group 1: Revenue Performance - The revenue growth in the first three quarters of 2025 was primarily driven by a low revenue base in the industrial and safety, as well as low-carbon thermal engineering sectors in the previous year [1] - The third quarter saw a decline in growth rate compared to the first half of the year, attributed to the aforementioned low base effect [1] Group 2: Product Launch and Consolidation - The company is set to begin mass shipments of refrigerant leak monitoring sensor products in the second half of 2024 [1] - The consolidation of subsidiaries Nopu Thermal Energy and Jingding Electric will start in May 2024, with a full-year impact expected in 2025 [1]

Core Insights - Sifang Optoelectronics stated that as of September 30, 2025, the number of shareholders will be 6,908 [1] Company Summary - The company is actively engaging with investors through interactive platforms [1] - The projected number of shareholders indicates a potential growth in investor interest [1]

Core Viewpoint - The overall situation of the automotive market and macroeconomic factors may impact customer production plans and procurement demands, subsequently affecting the timeline for project conversion into orders [1] Group 1 - The company has secured multiple automotive projects that are expected to start releasing orders gradually from 2026 [1] - The lifecycle of these projects is primarily between 5 to 8 years, which will provide sustained growth momentum for the company's automotive electronics business [1]

Core Viewpoint - The company emphasizes the importance of continuous R&D investment for sustainable development, despite limited immediate revenue impact from new product launches [2]. Group 1: R&D Investment - The company has seen a continuous increase in R&D personnel and investment over the past three years [2]. - The focus is on technological innovation and exploration of cutting-edge technologies, which requires substantial R&D resources [2]. Group 2: Product Development and Market Readiness - Some R&D projects are still in the technical breakthrough and market cultivation stages, indicating that commercialization will take time [2]. - An example of successful product development is the refrigerant leak monitoring sensor, which began to see rapid growth last year and reflects the results of long-term strategic planning [2].

Core Insights - The company received project designations for automotive sensors worth billions but has not seen growth in this area this year due to various factors affecting customer production plans and procurement needs [1] - Multiple vehicle-mounted projects designated by the company are expected to start releasing orders gradually from 2026, with a lifecycle of 5-8 years, providing sustained growth momentum for the company's automotive electronics business [1] Company Factors - The overall situation of the automotive market and macroeconomic conditions are influencing the timing of project designations converting into orders [1] - The company emphasizes that project designations do not equate to actual orders, highlighting the need for investors to be aware of investment risks [1]