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Hubei Feilihua Quartz Glass Co Ltd

Hubei Feilihua Quartz Glass Co., Ltd. researches, develops, produces, and sells quartz glass, quartz fiber, and composite materials in China and internationally. Its product range includes fused quartz, opaque and transparent fused quartz, gas-melted synthetic quartz, porous quartz, composite quartz materials, transparent ceramics, photomask substrates, and low-expansion quartz under the LEQZ brand. The company also supplies photovoltaic, aerospace, and quartz precision-machined products, along with high-purity quartz sand. It serves the semiconductor, optical communications, photovoltaic solar energy, high-end optics, and aerospace sectors. Founded in 1966, the company is headquartered in Jingzhou, China.

Price · split & dividend adjusted
News & notes moving 300395.CS
300395.CS2

Feilihua Releases 2026 Interim Report with Net Profit of 295 Million Yuan

Feilihua released its 2026 interim report on August 21, 2026. The company's total operating revenue was 1.308 billion yuan, and net profit attributable to the parent company was 295 million yuan. Net cash inflow from operating activities was 136 million yuan, a decrease of 54.94 million yuan compared with the same period last year, down 28.73 percent year on year. The company's latest asset-liability ratio was 20.96 percent, gross margin was 50.11 percent, down 0.63 percentage points from the previous quarter, latest return on equity was 5.63 percent, and diluted earnings per share was 0.57 yuan.
300395.CS · Capital · Neutral Interim report shows net profit of 295M yuan but operating cash flow declined 28.73% YoY, mixed results.
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China
Defense & Geopolitical Fragmentation▲

ST Weiling receives partial tender offer from Shannan Antimony-Gold; Zhuque-3 achieves China's first rocket land recovery

ST Weiling received a partial tender offer from Tibet Shannan Antimony-Gold Resources, and its shares hit the daily limit-up this morning. Shannan Antimony-Gold plans to acquire 78.1775 million shares at 18 yuan per share, with total funds expected not to exceed 1.407 billion yuan. Upon completion, it will hold up to 30 percent of the company and gain control, and it intends to continue increasing its stake within the next 12 months. Meanwhile, the Zhuque-3 Y2 carrier rocket lifted off at 7:35 a.m. today from the Dongfeng Commercial Aerospace Innovation Test Zone. Its first stage successfully landed at the Zhuque-3 landing pad in Minqin County, Gansu Province, while the second stage delivered the Honghu-03 satellite into its planned orbit. This marks China's first recovery of a carrier rocket first stage using landing legs and the first land recovery of an orbital-class carrier rocket first stage. Huatai Securities said 2026 will be the inaugural year for China's reusable rockets, and the cost reductions and higher launch frequency brought by reusable rockets will benefit the entire space industry. In addition, among A-share commercial aerospace concept stocks, 17 companies are covered by at least two rating agencies, with consensus forecasts for net profit growth exceeding 30 percent in both this year and next year, and their latest prices have pulled back more than 30 percent from this year's highs. Among them, Feilihua, Aerospace Nanhu, and Shanghai Hanxun have consensus forecasts for net profit growth exceeding 50 percent in both this year and next year.
About megatrends
Defense & Geopolitical Fragmentation › Space Defense & Missile Warning ▲Technology
Space Economy › Launch Services & Propulsion ▲Technology
300395.CS · Demand · Positive Feilihua is highlighted as a commercial aerospace concept stock with consensus net profit growth exceeding 50% in both years, benefiting from reusable rocket cost reductions and higher launch frequency.
688552.CG · Demand · Positive Aerospace Nanhu is highlighted as a commercial aerospace concept stock with consensus net profit growth exceeding 50% in both years, benefiting from reusable rocket cost reductions and higher launch frequency.
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Critical Materials & Supply Chain▼

Glass and Fiberglass Concept Weakens Intraday; Institutions Say Sector Poised to Return to Tight Supply-Demand Balance

On July 29, the glass and fiberglass concept fell 3.13% intraday. Among related constituent stocks, Sinoma Science & Technology dropped 6.63%, Honghe Technology fell 5.93%, Triumph Science & Technology declined 4.80%, Feilihua lost 2.83%, and Changhai Composite Materials slid 2.35%. SDIC Securities noted that driven by AI computing demand and a strong wind power market, the industry's product mix is accelerating its upgrade toward high-end offerings. In 2026, supply and demand are expected to be tight, with a clear trend of rising prices for electronic fabrics. Demand for fiberglass rovings is forecast to reach 8.02 million tons in 2026, an increase of 470,000 tons year-on-year, while new capacity remains limited, leaving room for further improvement in industry profitability. Changjiang Securities pointed out that the industry is likely to return to a tight supply-demand balance in 2026, with a clear upward trend in prosperity. A sharp rise in platinum prices has pushed up unit investment costs by more than 15%, significantly dampening companies' willingness to invest. Combined with lower new production in 2026 compared to 2025 and a bottoming-out recovery in overseas demand, prices have upward momentum. Looking ahead to 2027, the industry may face a notable supply gap.
About megatrends
Critical Materials & Supply Chain › Specialty Chemicals & Industrial Gases ▼Pricing
Energy Transition & Power Demand › Wind ▲Demand
Energy Transition & Power Demand › Solar Supply
002080.CS · · Negative Stock dropped 6.63% intraday as part of sector decline; no company-specific news.
300395.CS · · Negative Stock fell 2.83% intraday as part of sector decline; no company-specific news.
600552.CG · Supply · Positive Analysts forecast tight supply-demand balance in 2026, supporting prices and profitability for glass/fiberglass firms.
300196.CS · Supply · Positive Tight supply-demand balance and rising prices for fiberglass rovings benefit Changhai Composite Materials.
603256.CG · Supply · Positive Industry outlook of tight supply and rising prices benefits fiberglass-related companies like Grace Fabric.
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300395.CS

Feilihua trade secret dispute enters retrial review, amount involved approximately 202 million yuan

Hubei Feilihua Quartz Glass Co., Ltd. has received a notice of response from the Supreme People's Court, as its trade secret infringement dispute enters the retrial review stage. The retrial applicants, Wuhan Xinyouyou Optoelectronics Technology Co., Ltd., Xiao Zhengfa, and Chen Yiping, are dissatisfied with the previous final judgment made by the Supreme Court and request to revoke the original verdict and dismiss all of Feilihua's claims. The amount involved is approximately 202 million yuan. The execution of the original judgment will not be suspended during the retrial review period. The company stated that the final outcome could be either the rejection or the granting of the retrial application, and it is currently unable to accurately assess the impact on profits.
300395.CS · Regulation · Neutral Trade secret dispute enters retrial review; outcome uncertain, execution not suspended.
武汉鑫友泰光电科技有限公司 · Regulation · Neutral As the opposing party in the retrial, the outcome could affect its liability.
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