Core Viewpoint - Furan De (605050.SH) reported a year-on-year increase in revenue and net profit for Q3 2025, indicating positive financial performance [1] Financial Performance - The company's operating revenue reached 3.015 billion yuan, representing a year-on-year growth of 10.12% [1] - The net profit attributable to shareholders was 90.0461 million yuan, showing a year-on-year increase of 6.30% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 85.8541 million yuan, reflecting a year-on-year rise of 20.45% [1]

证券代码：605050 证券简称：福然德 公告编号：2025-047 福然德股份有限公司 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相应法律责任。 重要内容提示： http://roadshow.sseinfo.com/） 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 14 日（星期五）至 11 月 20 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过福然德股份有限 公司（以下简称"公司"）邮箱 zqb@scmfriend.com 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。 公司已于 2025 年 10 月 31 日发布了《福然德股份有限公司 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 21 日(星期五)上午 10:00-11:00 举行 2025 年第三季度业绩暨现金分红说明会，就投资者关心的问题进行交流。 ...

福然德股份有限公司 第三届董事会第十九次会议决议公告 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相应法律责任。 一、董事会会议召开情况 福然德股份有限公司（以下简称"公司"）第三届董事会第十九次会议通知 于 2025 年 10 月 17 日以邮件及通讯方式送达全体董事。会议于 2025 年 10 月 30 日在公司会议室以现场结合通讯的方式召开。本次会议应出席董事 7 人，实际出 席董事 7 人。公司全体监事和高级管理人员列席了本次会议。本次会议由董事长 崔建华先生主持。本次会议符合《公司法》、《公司章程》和《董事会议事规则》 的有关规定，会议的召集、召开合法有效。 二、董事会会议审议情况 （一）审议通过《关于公司 2025 年第三季度报告的议案》 证券代码：605050 证券简称：福然德 公告编号：2025-046 表决结果：通过。 上述事项已经公司董事会审计委员会审议通过。 三、备查文件 1、《福然德股份有限公司第三届董事会第十九次会议决议》 特此公告。 福然德股份有限公司 董 事 会 2025 年 10 月 30 日 1 董事 ...

第三届董事会第十九次会议决议 一、董事会会议召开情况 福然德股份有限公司（以下简称"公司"）第三届董事会第十九次会议通知 于 2025 年 10 月 17 日以邮件及通讯方式送达全体董事。会议于 2025 年 10 月 30 日在公司会议室以现场结合通讯的方式召开。本次会议应出席董事 7 人，实际出 席董事 7 人。公司全体监事和高级管理人员列席了本次会议。本次会议由董事长 崔建华先生主持。本次会议符合《公司法》、《公司章程》和《董事会议事规则》 的有关规定，会议的召集、召开合法有效。 二、董事会会议审议情况 （一）审议通过《关于公司 2025 年第三季度报告的议案》 董事会经审议，同意公司《2025 年第三季度报告》的内容，详见公司于同 日刊登在上海证券交易所网站（www.sse.com.cn）及公司法定信息披露媒体披露 的《福然德股份有限公司 2025 年第三季度报告》。 表决情况：同意 7 票，反对 0 票，弃权 0 票。 表决结果：通过。 福然德股份有限公司 董 事 会 2025 年 10 月 30 日 1 (本页无正文，为 «福然德股份有限公司第三届董事会第十九次会议》之决议签字页) 董事签名: 崔 ...

Core Insights - The company reported a revenue of 8.23 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 5.00% [1] - The net profit attributable to shareholders reached 243 million yuan, showing a year-on-year increase of 20.38% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 237 million yuan, which represents a year-on-year growth of 29.26% [1]

Financial Performance - The company's operating revenue for the third quarter reached CNY 3,015,184,279.94, representing a year-on-year increase of 10.12%[5] - The total profit for the quarter was CNY 126,947,650.19, reflecting a growth of 12.07% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 90,046,143.68, which is a 6.30% increase year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 85,854,118.69, showing a significant increase of 20.45% compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 reached ¥8,230,216,129.59, an increase of 5.0% compared to ¥7,838,341,141.14 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was ¥256,383,820.84, compared to ¥206,826,591.47 in 2024, representing a growth of 24.0%[22] - Earnings per share for the first three quarters of 2025 was ¥0.49, an increase from ¥0.41 in the same period of 2024[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 9,136,265,935.90, up 4.96% from the end of the previous year[6] - The company's total liabilities as of the end of the reporting period were ¥4,591,761,235.52, compared to ¥4,228,223,975.62 in the previous year, marking an increase of 8.6%[19] - The equity attributable to shareholders increased to CNY 4,354,718,046.27, marking a 0.91% rise from the previous year-end[6] - Total equity attributable to shareholders reached ¥4,354,718,046.27, slightly up from ¥4,315,260,701.14 in 2024, reflecting a growth of 0.9%[19] Cash Flow - The company reported a cash flow from operating activities of CNY -691,947,971.92 for the year-to-date, indicating significant cash outflow due to increased orders and inventory[10] - Cash inflow from operating activities totaled ¥7,895,051,394.02 in the first three quarters of 2025, down from ¥8,727,412,185.77 in 2024, indicating a decrease of 9.5%[26] - The net cash flow from operating activities was -¥691,947,971.92, compared to -¥257,074,078.59 in the previous period, indicating a decline in operational performance[27] - Cash outflows from operating activities totaled ¥8,586,999,365.94, slightly down from ¥8,984,486,264.36 year-over-year[27] - The net cash flow from investing activities was -¥281,308,308.46, compared to -¥361,292,796.64 in the previous period, showing an improvement[27] - Cash inflows from financing activities increased to ¥3,472,600,692.86 from ¥2,863,062,469.03, reflecting stronger financing efforts[27] - The net cash flow from financing activities was ¥777,849,111.58, up from ¥404,742,601.84, indicating enhanced capital management[27] Current and Non-Current Assets - The company's current assets totaled approximately ¥7.36 billion, compared to ¥7.09 billion at the end of 2024, indicating an increase of around 3.77%[17] - Non-current assets totaled approximately ¥1.78 billion, up from ¥1.62 billion, indicating an increase of about 9.93%[17] - The company reported a total of 7,359,297,369.90 in current assets, which includes various components such as cash, receivables, and inventory[17] Inventory and Borrowings - Inventory increased significantly to approximately ¥2.06 billion from ¥1.48 billion, marking a rise of about 39.00%[17] - Short-term borrowings rose to approximately ¥1.81 billion from ¥1.21 billion, an increase of about 50.00%[17] - Long-term borrowings increased significantly to ¥216,019,676.87 from ¥51,419,013.11, indicating a rise of 320.5%[19] Shareholder Information - The top ten shareholders hold a combined 85.13% of the company's shares, with the largest shareholder owning 25.93%[12] Other Financial Metrics - The basic earnings per share for the quarter was CNY 0.18, which is a 5.88% increase compared to the same period last year[6] - The weighted average return on equity was 2.08%, an increase of 0.06 percentage points year-on-year[6] - The company reported a financial expense of -¥379,795.10 in the first three quarters of 2025, a significant improvement compared to ¥5,365,617.24 in 2024[21] - The deferred income tax liabilities decreased to ¥3,717,867.29 from ¥4,065,305.79, showing a reduction of 8.6%[19] - Tax payments increased to ¥184,128,820.46 from ¥133,132,984.78, reflecting higher tax obligations[27] - The impact of exchange rate changes on cash and cash equivalents was a positive ¥240,574.35, contrasting with a negative impact of -¥229.56 in the previous period[29]

Core Insights - The company reported third-quarter revenue of 3.015 billion yuan, representing a year-on-year increase of 10.12% [1] - The net profit for the third quarter was 90.0461 million yuan, showing a year-on-year growth of 6.30% [1] - For the first three quarters, the company achieved a revenue of 8.23 billion yuan, which is a 5.00% increase compared to the same period last year [1] - The net profit for the first three quarters reached 243 million yuan, reflecting a year-on-year growth of 20.38% [1]

Core Viewpoint - The logistics sector experienced a slight increase of 0.4% on October 29, with Furan De leading the gains, while the overall market indices also showed positive performance [1]. Group 1: Market Performance - On October 29, the Shanghai Composite Index closed at 4016.33, up by 0.7% [1]. - The Shenzhen Component Index closed at 13691.38, showing an increase of 1.95% [1]. Group 2: Capital Flow - The logistics sector saw a net outflow of main funds amounting to 78.89 million yuan, with retail funds showing a net inflow of 141 million yuan [2]. - Speculative funds experienced a net outflow of 61.85 million yuan [2].

Market Overview - The Shanghai Composite Index closed at 4001.98 points, above the five-day moving average, with a gain of 0.35% [1] - The total trading volume of A-shares reached 183.41 billion yuan [1] Stocks Performance - A total of 484 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Digital People (11.77%) - Sanxiang Technology (10.45%) - Jinhua New Materials (9.20%) [1] Top Stocks by Deviation Rate - Digital People: - Today's price increase: 15.20% - Turnover rate: 16.90% - Latest price: 16.37 yuan [1] - Sanxiang Technology: - Today's price increase: 13.27% - Turnover rate: 10.72% - Latest price: 21.76 yuan [1] - Jinhua New Materials: - Today's price increase: 12.75% - Turnover rate: 23.32% - Latest price: 54.57 yuan [1] Additional Notable Stocks - Kangzhi Pharmaceutical: - Today's price increase: 14.37% - Turnover rate: 30.60% - Latest price: 7.96 yuan [1] - Huaxin Yongdao: - Today's price increase: 12.00% - Turnover rate: 8.41% - Latest price: 44.91 yuan [1] - Longi Green Energy: - Today's price increase: 10.00% - Turnover rate: 5.01% - Latest price: 20.79 yuan [1]

Core Viewpoint - The logistics sector experienced a decline of 0.37% on October 24, with Yuan Da Holdings leading the drop, while the Shanghai Composite Index rose by 0.71% and the Shenzhen Component Index increased by 2.02% [1] Group 1: Market Performance - The logistics sector's performance was mixed, with notable gainers such as Longzhou Co., which rose by 9.96% to a closing price of 5.30, and Huami Duhai, which increased by 5.11% to 28.20 [1] - Conversely, Yuan Da Holdings saw a significant decline of 3.80%, closing at 8.36, contributing to the overall drop in the logistics sector [2] Group 2: Trading Volume and Capital Flow - The logistics sector recorded a net inflow of 10.70 million yuan from institutional investors, while retail investors contributed a net inflow of 12.50 million yuan, indicating a mixed sentiment among different investor types [2] - The trading volume for Longzhou Co. reached 501,500 shares, with a transaction value of 263 million yuan, highlighting strong investor interest [1] Group 3: Individual Stock Analysis - Longzhou Co. had a significant net inflow of 127 million yuan from institutional investors, representing 48.48% of its trading volume, while retail investors showed a net outflow of 65.07 million yuan [3] - New Ning Logistics also attracted a net inflow of 50.68 million yuan from institutional investors, indicating positive sentiment towards the stock [3]