Core Insights - The company reported a decline in revenue and net profit for the first three quarters of 2025, with total revenue of 924.19 million yuan, down 14.35% year-on-year, and net profit attributable to shareholders of 477.30 million yuan, down 12.60% [1][2] Financial Performance - For Q3 2025, the total revenue was 275.39 million yuan, representing a year-on-year decrease of 20.30, while the net profit attributable to shareholders was 159.06 million yuan, down 22.90% [1][2] - The basic and diluted earnings per share for Q3 were both 0.21 yuan, reflecting a decrease of 25.00% compared to the same period last year [2] - The net cash flow from operating activities for the year-to-date was 1.02 billion yuan, an increase of 15.44% [2] Balance Sheet - As of the end of the reporting period, total assets amounted to 6.63 billion yuan, a decrease of 5.73% from the previous year [2] - The equity attributable to shareholders was 5.51 billion yuan, down 5.18% compared to the previous year [2]

Core Perspective - Chengdu has undergone a profound transformation from "building parks within cities" to "building cities within parks," reshaping its urban form and achieving comprehensive innovation in concepts, development paths, and governance systems [3] Group 1: Urban Development and Environmental Improvement - Chengdu has over 1,500 parks, with air quality improving year by year, leading to a daily scene of citizens strolling in parks [6][12] - The number of days citizens can view snow-capped mountains has reached 70 in 2025, surpassing the previous year's record of 62 days, indicating significant ecological improvement [4] - The city has achieved 242 days of good air quality in 2025, an increase of 15 days compared to the previous year, with a good air quality rate rising by 5.4 percentage points [6] Group 2: Lifestyle Changes and Community Engagement - The transformation in Chengdu's ecological environment has led to a fundamental change in lifestyle, with citizens increasingly engaging in outdoor activities such as hiking and cycling [7][9] - The concept of "work-life balance" is becoming more appealing, attracting talent from major cities to Chengdu due to its abundant parks and improved living conditions [12][11] Group 3: Economic and Commercial Implications - Parks are driving new commercial forms, with businesses like furniture stores strategically locating near parks to enhance customer experience and sales [11] - The "park commercial" model is redefining shopping logic, with 70% of consumers preferring this immersive shopping experience [11] Group 4: Governance and Systemic Innovation - Chengdu's park city initiative includes modern governance systems, such as the "river chief" and "lake chief" systems, enhancing environmental management [16][17] - Collaborative governance among Chengdu and surrounding cities is promoting ecological and economic integration, reflecting a shift towards sustainable urban development [17]

Summary of Key Points Core Viewpoint - Fosunmei (002818.SZ) reported its Q3 2025 results, indicating a decline in institutional investor holdings and changes in public fund and foreign fund participation [1][2]. Institutional Holdings - As of October 27, 2025, six institutional investors disclosed holdings in Fosunmei A-shares, totaling 14.5191 million shares, which represents 1.94% of the total share capital. This is a decrease of 0.66 percentage points compared to the previous quarter [1]. Public Fund Activity - One new public fund disclosed holdings this quarter, namely the China Europe Dividend Select Mixed A fund. In contrast, 70 public funds, including Yongying Dividend Preferred A and others, were not disclosed this quarter [1]. Social Security Fund Changes - There was a slight increase in holdings from one social security fund, specifically the China Europe Dividend Select Mixed A fund, compared to the previous period [1]. Pension Fund Disclosure - One pension fund, the Zhongyi Asset Management - ICBC - Zhongyi Asset - Value Return Asset Management Product, was not disclosed this quarter [1]. Foreign Fund Activity - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.40% compared to the previous quarter [2].

Core Viewpoint - The company has disclosed its third-quarter report for 2025, ensuring the accuracy and completeness of the information provided, despite the absence of the chairman due to legal measures [2][12]. Financial Data Summary - The third-quarter financial report has not been audited [3][8]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. - There are no non-recurring profit and loss items reported for the quarter [3]. Shareholder Information - The company announced a cash dividend distribution of RMB 3.60 per 10 shares, totaling RMB 269,445,218.40, based on the total share capital of 748,458,940 shares as of June 30, 2025 [5]. Board Meeting Details - The sixth board meeting was held on October 27, 2025, with the chairman absent due to legal issues, and the meeting was conducted in accordance with legal and regulatory requirements [10][12]. - The board approved the third-quarter report, confirming that it reflects the company's actual situation without any false records or misleading statements [12].

Core Viewpoint - The company 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 company achieved an operating revenue of 924 million yuan, representing a year-on-year decrease of 14.35% [1] - The net profit attributable to shareholders was 477 million yuan, down 12.60% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 438 million yuan, reflecting an 18.97% year-on-year decline [1]

Group 1 - The core point of the article is that Fusenmei (SZ 002818) held its sixth fifth board meeting on October 27, 2025, to review the proposal for the third quarter report of 2025 [1] - Fusenmei's revenue composition for the first half of 2025 is entirely from the business services sector, accounting for 100.0% [2] - As of the report date, Fusenmei's market capitalization is 8.9 billion yuan [3]

证券代码：002818 证券简称：富森美 公告编号:2025-033 成都富森美家居股份有限公司 第六届董事会第五次会议决议公告 一、董事会会议召开情况 成都富森美家居股份有限公司（以下简称"公司"）第六届董事会第五次会 议于 2025 年 10 月 27 日 14:00 在公司富森创意大厦 B 座 21 楼会议室以现场和通 讯相结合的方式召开。本次会议通知已于 2025 年 10 月 22 日以电话、微信、书 面通知等方式通知全体董事、高级管理人员。本次会议应出席董事 7 人，实际出 席现场会议的董事 5 人，公司独立董事许志先生以通讯方式参与表决，董事长刘 兵先生因被成都市郫都区监察委员会实施留置，缺席本次会议，会议由公司副董 事长刘云华代行主持。公司高级管理人员列席了本次会议。本次会议的召集和召 开符合《中华人民共和国公司法》和《公司章程》的规定。 《公司 2025 年第三季度报告》（公告编号：2025-034）详见 2025 年 10 月 28 日《证券时报》《中国证券报》《上海证券报》《证券日报》和巨潮资讯网 （http://www.cninfo.com.cn）。 三、备查文件 1 本公司及除董事长 ...

Financial Performance - The company's revenue for Q3 2025 was ¥275,392,363.38, a decrease of 20.30% compared to the same period last year[3] - Net profit attributable to shareholders was ¥159,062,163.13, down 22.90% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥110,946,986.45, reflecting a decline of 31.93% compared to the previous year[3] - Total operating revenue for Q3 2025 was ¥924,192,679.18, a decrease of 14.4% compared to ¥1,079,070,147.50 in the same period last year[23] - Net profit for Q3 2025 was ¥487,265,712.23, down 13.0% from ¥559,582,977.86 year-over-year[24] - Earnings per share (EPS) for Q3 2025 was ¥0.64, compared to ¥0.73 in the previous year, indicating a decline of 12.3%[25] - Investment income for Q3 2025 was ¥45,139,248.45, down from ¥59,289,547.36, a decrease of 23.8%[24] - Other income increased to ¥1,168,125.57 from ¥931,701.79, marking a growth of 25.4%[24] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥6,630,717,141.79, a decrease of 5.73% from the end of the previous year[3] - The total current assets decreased from RMB 2,580,601,749.32 to RMB 2,357,997,194.08, a decline of approximately 8.7%[17] - The total non-current assets decreased from RMB 4,453,148,466.87 to RMB 4,272,719,947.71, a decline of approximately 4.1%[17] - The total liabilities decreased to ¥891,886,135.96 from ¥997,037,606.93, a reduction of 10.6%[21] - Total equity attributable to shareholders decreased to ¥5,511,053,959.57 from ¥5,812,148,594.24, reflecting a decline of 5.2%[21] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥1,019,082,738.94, an increase of 15.44%[3] - Cash flow from operating activities was ¥935,868,875.71, a decrease of 9.6% from ¥1,034,879,114.64 in the same quarter last year[26] - Cash flow from investing activities showed a net outflow of -¥312,655,005.79, a significant increase of 431.50% in outflow compared to the previous year[10] - Cash flow from financing activities also reported a net outflow of -¥785,546,719.72, up 55.17% due to equity distribution activities[10] - Operating cash inflow totaled approximately $1.47 billion, an increase from $1.37 billion year-over-year[28] - Net cash flow from operating activities reached approximately $1.02 billion, up from $882.75 million in the previous year[28] - Cash outflow from investing activities amounted to approximately $3.26 billion, compared to $3.33 billion last year[28] - Net cash flow from investing activities was negative at approximately -$312.66 million, worsening from -$58.83 million year-over-year[28] - Cash inflow from financing activities was $10 million, down from $14 million in the previous year[28] - Cash outflow from financing activities increased to approximately $795.55 million, compared to $520.24 million last year[28] - The net cash flow from financing activities was negative at approximately -$785.55 million, compared to -$506.24 million in the previous year[28] - The ending cash and cash equivalents balance was approximately $248.66 million, down from $453.12 million year-over-year[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,362[12] - The top three shareholders hold significant stakes: Liu Bing at 43.70% (327,100,886 shares), Liu Yunhua at 27.70% (207,345,600 shares), and Liu Yi at 8.71% (65,165,760 shares)[12] - The company distributed cash dividends of RMB 3.60 per 10 shares, totaling RMB 269,445,218.40, based on a total share capital of 748,458,940 shares as of June 30, 2025[14] Other Information - Financial expenses decreased by 79.72% to -¥116,124.07, primarily due to reduced interest income[7] - The fair value change income increased by 297.23% to ¥29,165,127.07, attributed to market value fluctuations in investment activities[7] - The company received 12 investor questions during the investor relations event and responded to all of them[15] - The company’s long-term equity investments increased from RMB 479,953,293.77 to RMB 500,388,643.90, an increase of approximately 4.3%[17] - The company’s third-quarter financial report was not audited[29] - The company will implement new accounting standards starting in 2025[30]

Core Viewpoint - Chengdu Fusenmei Home Furnishing Co., Ltd. has announced a cash dividend distribution plan for its shareholders, with a total cash dividend of RMB 269,445,218.40, amounting to RMB 3.60 per 10 shares [1][2]. Summary by Sections Dividend Distribution Plan - The company plans to distribute a cash dividend of RMB 3.60 per 10 shares to all shareholders based on a total share capital of 748,458,940 shares as of June 30, 2025 [1][2]. - The total cash dividend to be distributed amounts to RMB 269,445,218.40, with no capital reserve fund conversion or bonus shares issued [1][2]. Adjustment Principles - The cash dividend amount will remain fixed, and any adjustments will be made if the total share capital changes due to convertible bonds, share buybacks, or other reasons before implementation [2]. Rights Distribution Details - The cash dividend will be distributed to shareholders based on the existing total share capital of 748,458,940 shares, with specific tax implications for different types of investors [2]. - The dividend tax rates vary for different categories of shareholders, including those holding shares before and after the initial public offering [2]. Key Dates - The record date for shareholders is set for September 29, 2025, and the ex-dividend date is September 30, 2025 [2][4]. Dividend Distribution Method - Cash dividends will be directly credited to the accounts of A-share shareholders through the designated securities companies on the ex-dividend date [4]. - The company will bear all legal responsibilities if there are any discrepancies in the dividend distribution due to changes in shareholder accounts during the application period [4]. Consultation Information - Shareholders can contact the company's securities affairs department for inquiries regarding the dividend distribution [4].

Group 1 - The company announced a profit distribution plan for the first half of 2025, proposing a cash dividend of RMB 3.60 per 10 shares for all shareholders [2] - The total number of shares used as the basis for the distribution is 748,458,940 [2] - The record date for the dividend is set for September 29, 2025, and the ex-dividend date is September 30, 2025 [2]