Core Viewpoint - The recent financial report of Furande (605050) shows a positive trend in revenue and profit growth, indicating improved profitability and operational efficiency for the company in 2025 compared to the previous year [1]. Financial Performance Summary - Total revenue for 2025 reached 5.215 billion yuan, a year-on-year increase of 2.25% [1]. - Net profit attributable to shareholders was 153 million yuan, reflecting a significant year-on-year growth of 30.53% [1]. - The gross profit margin improved to 5.6%, up 21.07% year-on-year, while the net profit margin increased to 3.08%, a rise of 29.19% [1]. - The total of selling, administrative, and financial expenses amounted to 56.6486 million yuan, accounting for 1.09% of revenue, which is a 16.23% increase year-on-year [1]. - Earnings per share rose to 0.31 yuan, marking a 29.17% increase compared to the previous year [1]. Cash Flow and Asset Management - Operating cash flow per share improved significantly to 0.39 yuan, a remarkable increase of 148.58% year-on-year [1]. - The company’s cash and cash equivalents increased by 56.24% to 1.498 billion yuan [1]. - Accounts receivable rose to 1.543 billion yuan, a 14.17% increase year-on-year [1]. Changes in Financial Items - Accounts receivable decreased by 65.12% due to a reduction in commercial acceptance bills [3]. - Investment properties saw a 100% decrease as a subsidiary reclaimed previously leased properties for self-use [3]. - Construction in progress increased by 83.02% due to ongoing projects in subsidiaries [3]. - Long-term borrowings increased by 330.74%, indicating a rise in financing activities [3]. Management and Financial Expenses - Management expenses rose by 32.47%, attributed to increased personnel costs and depreciation [4]. - Financial expenses decreased by 139.42% due to higher interest income from bank deposits [5]. Overall Financial Health - The company’s return on invested capital (ROIC) was 6.18%, indicating average capital returns [5]. - The company maintains a healthy cash position, with cash assets being robust [5]. - Analysts project a net profit of 341 million yuan for 2025, with an average earnings per share estimate of 0.69 yuan [6].

Core Insights - The company reported a total operating revenue of 5.215 billion yuan for the first half of 2025, an increase of 115 million yuan compared to the same period last year, marking a year-on-year growth of 2.25% [1] - The net profit attributable to shareholders reached 153 million yuan, up by 35.8691 million yuan from the previous year, reflecting a year-on-year increase of 30.53% [1] - The net cash inflow from operating activities was 191 million yuan, an increase of 585 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio stands at 48.12%, a decrease of 2.24 percentage points from the previous quarter [3] - The gross profit margin is reported at 5.60%, an increase of 0.97 percentage points compared to the same period last year [3] - The return on equity (ROE) is 3.59%, which is an increase of 0.73 percentage points year-on-year [3] Earnings Per Share - The diluted earnings per share (EPS) is 0.31 yuan, an increase of 0.07 yuan compared to the same period last year, representing a year-on-year growth of 29.17% [3] Asset Management - The total asset turnover ratio is 0.60 times, while the inventory turnover ratio is 2.94 times [3] Shareholder Structure - The number of shareholders is 10,200, with the top ten shareholders holding a total of 356 million shares, accounting for 72.28% of the total share capital [3] - The largest shareholder is Cui Jianhua, holding 25.9% of the shares [3]

Core Insights - Furan De (605050.SH) released its semi-annual report for 2025, indicating that as of August 25, 2025, seven institutional investors disclosed holdings in Furan De A-shares, totaling 190 million shares, which represents 38.55% of the company's total equity [1] - The institutional investors include various partnerships and funds, with the total institutional holding percentage decreasing by 0.48 percentage points compared to the previous quarter [1] - Two new public funds were disclosed in this period, namely Fuguo Quality Growth 6-Month Holding Mixed A and Fuguo Core Advantage Initiated Mixed A [1] Institutional Holdings - Seven institutional investors hold a combined total of 190 million shares, accounting for 38.55% of Furan De's total equity [1] - The institutional holding percentage has decreased by 0.48 percentage points from the previous quarter [1] Public Funds - Two new public funds were disclosed during this reporting period [1] - The new funds are Fuguo Quality Growth 6-Month Holding Mixed A and Fuguo Core Advantage Initiated Mixed A [1]

Group 1 - The company held its 17th meeting of the third board of directors on August 25, 2025, with all 7 directors present, ensuring compliance with relevant laws and regulations [1][2] - The board approved the company's 2025 semi-annual report and its summary, which will be disclosed on the Shanghai Stock Exchange website [1][2] - The board also approved the cancellation of the supervisory board, transferring its powers to the audit committee, and revised the company's articles of association accordingly [2][3] Group 2 - The board passed several resolutions to amend various internal management rules, including the rules for board meetings, shareholder meetings, and independent directors [3][4][5] - The company plans to hold its second extraordinary general meeting of shareholders on September 11, 2025, to discuss the approved resolutions [21][22] - All resolutions were passed unanimously with 7 votes in favor, indicating strong support from the board members [2][3][4]

Meeting Overview - The third meeting of the Supervisory Board of Furan De Co., Ltd. was held on August 25, 2025, with all three supervisors present [1][2] - The meeting was legally convened and conducted in accordance with relevant laws and regulations [1] Resolutions Passed - The Supervisory Board approved the proposal regarding the full and summary report for the first half of 2025, confirming that the report's preparation and review processes complied with legal and regulatory requirements [2] - The Supervisory Board ensured that the information disclosed in the 2025 half-year report is true, accurate, and complete, with no false records or misleading statements [2] - The proposal to abolish the Supervisory Board and terminate the "Rules of Procedure for the Supervisory Board" was also approved, transferring the supervisory functions to the Audit Committee of the Board of Directors [3] Voting Results - All resolutions received unanimous approval with 3 votes in favor, 0 against, and 0 abstentions [2][3]

Meeting Details - The second extraordinary general meeting of shareholders for 2025 will be held on September 11, 2025, at 14:30 in the conference room on the 9th floor of the East Building, No. 55 Fuqiao Road, Baoshan District, Shanghai [1][2] - The voting will be conducted through both on-site and online methods using the Shanghai Stock Exchange's shareholder meeting voting system [2][3] Voting Procedures - Shareholders can vote via the trading system or the internet voting platform, with specific time slots for voting on the day of the meeting [3][4] - Shareholders holding multiple accounts can exercise voting rights across all accounts, but repeated votes will be counted based on the first submission [4] Agenda Items - The meeting will review non-cumulative voting proposals, including the addition of new management systems and the company's fund management system [2][3] - These proposals have been approved in the 17th meeting of the third board of directors and the 15th meeting of the third supervisory board held on August 25, 2025 [2] Attendance Requirements - Shareholders registered by the close of trading on September 5, 2025, are eligible to attend the meeting, either in person or by appointing a proxy [4][5] - Proxies must present specific documentation, including identification and authorization letters, to register for the meeting [5] Contact Information - For inquiries, shareholders can contact Li Jiapei at 021-66898585 or via email at zqb@scmfriend.com [6]

Group 1 - The company has decided to abolish the supervisory board, transferring its powers to the audit committee of the board of directors, in accordance with relevant laws and regulations [1][2][3] - The company will revise its articles of association to reflect this change, which will require approval at the upcoming extraordinary general meeting [2][3] - The supervisory board will continue to fulfill its responsibilities until the shareholders' meeting approves the cancellation [1] Group 2 - The revised articles of association will change references from "shareholders' meeting" to "shareholders' assembly" throughout the document [2] - The legal representative of the company will now be the director executing company affairs, with the chairman being elected by the board [2][3] - New provisions will clarify that the company will bear civil liability for actions taken by the legal representative in the course of their duties [3] Group 3 - The company will ensure that all assets are divided into equal shares, with shareholders only liable for the amount of their subscribed shares [3][4] - The articles will specify that the company will not provide financial assistance for the acquisition of its shares, except under certain conditions approved by the shareholders' meeting [5][6] - The company will adopt various methods for capital increase as per legal requirements, including using surplus reserves to increase share capital [6][7] Group 4 - The company will implement stricter rules regarding the transfer of shares, ensuring compliance with legal and regulatory requirements [8][9] - The articles will stipulate that shareholders must adhere to the provisions regarding the transfer of shares, including restrictions on the transfer of shares held by directors and senior management for a specified period [9][10] - The company will establish clear guidelines for related party transactions, requiring shareholder approval for significant transactions [28][29]

General Principles - The company establishes a management system for the resignation of directors and senior management to ensure governance continuity and protect the rights of shareholders [1] - This system applies to all forms of termination of office, including expiration of term, resignation, dismissal, and loss of qualification [1] Resignation Procedures - Directors can resign before their term ends by submitting a written resignation report, which will take effect unless it results in a violation of minimum member requirements [2] - The company must complete the election of a new director within 60 days of a resignation to maintain compliance with legal and regulatory requirements [2] Responsibilities Upon Resignation - Directors must specify the resignation date, reasons, and any ongoing commitments in their resignation report [3] - If a director resigns for reasons other than term expiration, they must report to the audit committee and disclose any violations or irregularities [3][4] Post-Resignation Obligations - Directors remain liable for responsibilities incurred during their tenure, and their obligations to the company and shareholders continue for two years post-resignation [5] - Confidentiality obligations regarding company secrets persist until the information becomes public [5] Violations and Penalties - The company can impose penalties for violations of the resignation procedures, including warnings, demotions, or legal action [6] - Any improper gains obtained by a director due to violations must be returned to the company [6] Application to Senior Management - The resignation procedures for senior management are similar to those for directors, requiring written reports and adherence to the established system [7] - The company board is responsible for the formulation and interpretation of this management system [7]

Core Viewpoint - The company, Furande Co., Ltd., is set to hold a half-year performance briefing on September 4, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in a Q&A session [1][2]. Group 1: Meeting Details - The meeting will take place on September 4, 2025, from 11:00 AM to 12:00 PM [1][2]. - The venue for the meeting is the Shanghai Stock Exchange Roadshow Center, accessible online [1][2]. - The format of the meeting will be an interactive online session [1][2]. Group 2: Participation Information - Investors can submit questions from August 28, 2025, to September 3, 2025, by visiting the Shanghai Stock Exchange Roadshow Center website or via the company's email [2][3]. - The meeting will feature key personnel including the Chairman, General Manager, CFO, Board Secretary, and Independent Directors [2]. Group 3: Contact Information - For inquiries, investors can contact the company's securities department via phone or email [3].

福然德股份有限公司 财务总监职责及工作细则 第一章?? 总则 第一条 为充分发挥财务总监的作用，确保实现财务总监工作目标，发挥财 务总监在加强经济管理、提高经济效益中的作用，根据《中华人民共和国公司法》 （以下简称公司法）和《福然德股份有限公司章程》（以下简称公司章程）的规 定，特制定财务总监职责及工作细则。 第二条 财务总监是公司财务负责人，是对公司财务活动和会计活动进行管 理和监控的高级管理人员。 第二章?? 财务总监的任免 第三条 公司设财务总监一人，财务总监经总经理提名，由董事会聘任或解 聘。 第四条 公司财务总监必须专职，财务总监不得在集团等控股股东单位及其 下属公司中担任其他职务。财务总监在本公司领薪。 第五条 财务总监每届任期三年，连聘可以连任。 （二）具有较全面的财会专业理论知识和现代公司管理知识,熟悉财经法律、 法规和制度； （三）具有会计、审计、经济类中级以上专业技术资格,并曾担任公司总会 计师或财务会计机构负责人 2 年以上； （四）不至因身体原因干扰、影响其任职工作。 第七条 《公司法》规定的情形，因渎职造成公司重大经济损失的人员；有 违反国家财经法律、法规和制度,弄虚作假、贪污受贿等 ...