Core Insights - Furan De is a leading steel logistics supply chain service provider in China, established in 2004 and listed on the Shanghai Stock Exchange in 2020, focusing on high-end automotive and home appliance industries [1] Group 1: Business Performance - In Q3 2025, Furan De reported revenue of 8.23 billion, ranking 8th in the industry, significantly lower than the top competitor Jianfa Group at 498.98 billion and second-place Wuchan Zhongda at 432.98 billion [2] - The company's net profit for the same period was 256 million, ranking 6th in the industry, again lower than Wuchan Zhongda's 4.51 billion and Xiamen Xiangyu's 2.11 billion [2] Group 2: Financial Ratios - As of Q3 2025, Furan De's debt-to-asset ratio was 50.26%, an increase from 48.83% year-on-year, but still below the industry average of 67.16% [3] - The gross profit margin for Q3 2025 was 5.76%, up from 4.73% year-on-year, and higher than the industry average of 5.58% [3] Group 3: Executive Compensation - Chairman Cui Jianhua's salary for 2024 was 1.1858 million, an increase of 18,000 from 2023, while General Manager Cui Jianbing's salary decreased to 1.0558 million, down 18,000 from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 29.51% to 13,200, while the average number of shares held per shareholder decreased by 22.79% to 37,300 [5] - New major shareholders include Yongying Advanced Manufacturing Mixed Fund and Penghua Carbon Neutral Theme Mixed Fund, holding 11.1937 million and 5.7216 million shares respectively [5]

Core Insights - The company reported a revenue of 3,015,184,279.94 yuan for the third quarter of 2025, reflecting a year-on-year growth of 10.12% [1] - The net profit attributable to shareholders of the listed company was 90,046,143.68 yuan, which represents a year-on-year increase of 6.30% [1] Financial Performance - Revenue for Q3 2025: 3,015.18 million yuan, up 10.12% year-on-year [1] - Net profit for Q3 2025: 90.05 million yuan, up 6.30% year-on-year [1]

Market Overview - The logistics sector experienced a decline of 0.21% on October 30, with Furan De leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the logistics sector included: - Pulutong (002769) with a closing price of 10.04, up 9.97% and a trading volume of 274,600 shares [1] - China Foreign Trade (601598) closed at 6.68, up 7.40% with a trading volume of 779,900 shares [1] - Yongtaiyun (001228) closed at 27.88, up 3.18% with a trading volume of 74,700 shares [1] - Major decliners included: - Furan De (605050) closed at 14.34, down 6.76% with a trading volume of 276,000 shares [2] - Longzhou Co. (002682) closed at 4.81, down 4.56% with a trading volume of 775,200 shares [2] - Guanghui Logistics (600603) closed at 7.86, down 3.91% with a trading volume of 263,900 shares [2] Capital Flow - The logistics sector saw a net outflow of 18.6 million yuan from institutional investors, while retail investors experienced a net outflow of 17.6 million yuan [2] - Conversely, speculative funds recorded a net inflow of 36.2 million yuan [2] Individual Stock Capital Flow - China Foreign Trade (601598) had a net inflow of 93.62 million yuan from institutional investors, while retail investors saw a net outflow of 80.52 million yuan [3] - Pulutong (002769) experienced a net inflow of 86.91 million yuan from institutional investors, with retail investors facing a net outflow of 54.94 million yuan [3] - Yongtaiyun (001228) had a net inflow of 14.84 million yuan from institutional investors, while retail investors saw a net outflow of 22.66 million yuan [3]

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]