Core Insights - Fuaan Co., Ltd. (603315.SH) released its Q3 2025 report, indicating a significant institutional ownership of 54.79% of its total shares [1] Institutional Ownership - As of October 29, 2025, four institutional investors disclosed holdings in Fuaan Co., Ltd., totaling 176 million shares [1] - The institutional investors include Zhongke (Liaoning) Industrial Co., Ltd., Fuaan Holdings Co., Ltd., Shanghai Beixiang Private Fund Management Co., Ltd. - Beixiang Jinli Concierge No. 1 Private Securities Investment Fund, and Shanghai Zicheng Private Fund Management Co., Ltd. - Zicheng Changhong Private Securities Investment Fund [1] - The institutional ownership increased by 0.40 percentage points compared to the previous quarter [1] Public Fund Holdings - In this period, 15 public funds were disclosed, which were not reported in the previous quarter [1] - Notable public funds include Dongfanghong CSI Advantage Growth Index Initiation A, CSI 2000, China Europe Small Cap Growth Mixed A, Southern CSI 2000 ETF, and Minsheng Jia Yin National Index 2000 Enhanced A [1]

Group 1 - The core viewpoint of the article highlights that Fuhuan Co., Ltd. reported a decline in both revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1] - The company's revenue for the first three quarters was approximately 879 million yuan, representing a year-on-year decrease of 6.03% [1] - The net profit attributable to shareholders of the listed company was about 42.9 million yuan, showing a significant year-on-year decline of 48.37% [1] Group 2 - As of the report, Fuhuan Co., Ltd. has a market capitalization of 4.2 billion yuan [2]

Core Viewpoint - 福鞍股份 reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for 福鞍股份 in the first three quarters of 2025 was 879 million yuan, representing a year-on-year decrease of 6.03% [1] - The net profit attributable to shareholders of the parent company was 42.9 million yuan, which is a significant year-on-year decline of 48.37% [1] - The basic earnings per share stood at 0.1367 yuan [1]

证券代码：603315 证券简称：福鞍股份 公告编号：2025-058 辽宁福鞍重工股份有限公司 关于召开 2025 年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： 投资者可于 2025 年 10 月 30 日(星期四)上午 9:00 至 11 月 06 日(星期四) 下午 16:00 前通过网址（https://board.10jqka.com.cn/rs/pc/detail?roadsh owId=1010652）或通过公司邮箱FAIR@lnfa.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。 辽宁福鞍重工股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发 布公司 2025 年三季度报告，为便于广大投资者更全面深入地了解公司 2025 年三 季度经营成果、财务状况，公司计划于 2025 年 11 月 07 日下午 15:00-16:00 举 行 2025 年三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网 ...

Financial Performance - The company's operating revenue for the third quarter was ¥300,174,719.42, a decrease of 19.95% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥12,666,927.30, representing a decline of 158.74% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥11,385,933.33, down 139.53% from the previous year[4] - Total operating revenue for the first three quarters of 2025 was CNY 878,715,757.95, a decrease of 6.03% compared to CNY 935,099,551.36 in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 42,477,982.53, a decline of 48.2% compared to CNY 82,030,085.92 in 2024[21] - Basic earnings per share for the first three quarters of 2025 was CNY 0.1367, down from CNY 0.2706 in the same period last year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,184,553,764.41, an increase of 11.47% compared to the end of the previous year[5] - Total assets increased to CNY 3,184,553,764.41, compared to CNY 2,856,948,091.37 at the end of the previous year[16] - Total liabilities rose to CNY 1,491,707,389.46, up from CNY 1,192,971,782.47 year-over-year[16] - Non-current liabilities totaled CNY 99,579,095.11, significantly higher than CNY 39,986,867.75 in the previous year[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥99,422,919.36, an increase of 258.61% compared to the previous year[4] - Cash inflow from operating activities for the first three quarters of 2025 reached ¥1,229,537,945.98, a 31.1% increase from ¥937,247,086.10 in the same period of 2024[24] - Net cash flow from operating activities increased significantly to ¥99,422,919.36, compared to ¥27,724,571.26 in the previous year, marking a growth of 258.5%[24] - Total cash outflow from operating activities was ¥1,130,115,026.62, up from ¥909,522,514.84 in the same period last year[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,871[11] - The largest shareholder, Zhongke (Liaoning) Industrial Co., Ltd., holds 87,075,363 shares, accounting for 27.17% of total shares[11] - The second largest shareholder, Fuan Holdings Co., Ltd., holds 85,328,620 shares, representing 26.63% of total shares[11] Operational Insights - The company noted a decrease in net profit due to intensified market competition leading to lower sales order prices[9] - The company reported a significant increase in construction in progress by 5143.22%, attributed to investments in projects by its design subsidiary[9] - The company experienced a 100% increase in long-term borrowings, indicating a strategy to secure additional financing[9] - The company has no significant changes in major shareholders participating in margin trading or securities lending[12] - There are no other significant reminders regarding the company's operational status during the reporting period[13] Research and Development - The company reported an increase in research and development expenses to CNY 22,521,267.75, compared to CNY 31,062,700.75 in the previous year, reflecting ongoing investment in innovation[20] Cash Management - Cash and cash equivalents are reported at ¥296,971,802.36, up from ¥139,861,587.29 in the previous period[14] - The cash and cash equivalents at the end of the period stood at ¥47,463,342.09, compared to ¥15,851,377.26 at the end of the same period in 2024[25] - The company received cash from investment income amounting to ¥88,079,000.00, a significant increase from ¥1,715,000.00 in the previous year[24] - The company experienced a cash inflow from tax refunds of ¥24,431,667.69, an increase from ¥19,415,822.55 in the previous year[24] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[26]

Group 1 - The construction of Hainan Free Trade Port provides a significant development opportunity for Fuhuan Group's globalization strategy [1] - Fuhuan Group focuses on two core sectors: energy and steel metallurgy, with three main industrial segments: high-end equipment manufacturing, new energy anode materials, and energy environmental services [1][2] - The company aims to leverage its high-end equipment manufacturing capabilities to support Hainan's green energy island initiative, particularly through its LGT series gas turbines [2] Group 2 - Fuhuan Group is interested in establishing a production base for new energy raw materials in Hainan, aligning with the province's development of a new energy vehicle and energy storage industry cluster [2] - The company proposes to collaborate with Hainan Agricultural Reclamation Group to utilize agricultural and forestry waste for producing green methanol, contributing to both ecological and economic benefits [3] - Fuhuan Group is actively pursuing international expansion, particularly in Southeast Asia, Africa, and Russia, and sees Hainan as a strategic base for its southern market development [3]

Group 1 - The core point of the article is that Fuaan Co., Ltd. has significant shareholding and pledge activities, with major shareholders holding 53.8% of the total shares and a substantial portion of their shares pledged [1] - As of the announcement date, the total number of shares held by Zhongke Industrial and its concerted parties is approximately 172 million shares, with 130 million shares pledged, accounting for 75.33% of their holdings and 40.53% of the company's total shares [1] - For the first half of 2025, Fuaan Co., Ltd.'s revenue composition is as follows: the casting industry accounts for 58.04%, environmental governance business accounts for 41.85%, and other businesses account for 0.1% [1] Group 2 - The market capitalization of Fuaan Co., Ltd. is reported to be 4.4 billion yuan [2]

1 证券代码：603315 证券简称：福鞍股份 公告编号：2025-057 辽宁福鞍重工股份有限公司关于持股 5%以上股东（中科实业）股份解质押及再质押的公告 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: 公司于 2025 年 10 月 9 日接到股东中科实业的通知，获悉其原质押给抚顺 银行股份有限公司鞍山分行的部分无限售流通股进行了解除质押及再质押，具体 情况如下： 一、上市公司股份质押 1.本次股份质押情况 辽宁福鞍重工股份有限公司（以下简称"公司"）股东中科（辽宁）实业有 限公司（原名：辽宁中科环境监测有限公司，以下简称"中科实业"）于近 日办理了 628 万股股份质押手续及 628 万股股份解质押手续。截止本公告披 露日，中科实业及其一致行动人福鞍控股有限公司（以下简称"福鞍控股"） 持有公司股份 172,403,983 股，本次质押股份占中科实业及其一致行动人所 持股份的 3.64%，占公司总股本的 1.96%；本次解质押股份占中科实业及其 一致行动人所持股份的 3.64%，占公司总股本的 1.96 ...

Core Points - The announcement from Fuan Co., Ltd. indicates that its shareholder, Zhongke Industry, has recently completed the pledge and release of 6.28 million shares [1] - As of the announcement date, Zhongke Industry and its concerted party, Fuan Holdings, hold 53.80% of the total share capital of the company [1] - A total of 129,871,000 shares have been pledged, which accounts for 75.33% of their holdings and 40.53% of the company's total share capital [1] - The recent pledge and release of shares represent 3.64% of the shares held by Zhongke Industry and its concerted party, and 1.96% of the company's total share capital [1] - Zhongke Industry has good creditworthiness, and the pledge risk is controllable, which will not affect the company's control [1] - The company will continue to monitor the share pledge situation and disclose information in a timely manner [1]

证券代码：603315 证券简称：福鞍股份 公告编号：2025-056 辽宁福鞍重工股份有限公司关于持股 5%以上股东（中科实业）股份质押及解质押的公告 一、上市公司股份质押 1.本次股份质押情况 1 辽宁福鞍重工股份有限公司（以下简称"公司"）股东中科（辽宁）实业有 限公司（原名：辽宁中科环境监测有限公司，以下简称"中科实业"）于近 日办理了 534 万股股份质押手续及 625 万股股份解质押手续。截止本公告披 露日，中科实业及其一致行动人福鞍控股有限公司（以下简称"福鞍控股"） 持有公司股份 172,403,983 股，本次质押股份占中科实业及其一致行动人所 持股份的 3.10%，占公司总股本的 1.67%；本次解质押股份占中科实业及其 一致行动人所持股份的 3.63%，占公司总股本的 1.95%。 截至本公告披露日，中科实业及其一致行动人福鞍控股持有公司股份 172,403,983 股，占公司总股本 53.80%，股东持有上市公司股份累计质押数 量 129,871,000 股（含本次），占中科实业及其一致行动人持股数量 75.33%， 占公司总股本的 40.53%。 本公司董事会及全体董事保证本公告内容 ...