Group 1 - The core viewpoint of the news is that Fuchun Co., Ltd. reported a significant increase in revenue for the first three quarters of 2025, but still faced a net loss [1] - The company's revenue for the first three quarters reached approximately 288 million yuan, representing a year-on-year increase of 50.52% [1] - The net profit attributable to shareholders was a loss of approximately 9.21 million yuan, with basic earnings per share showing a loss of 0.0133 yuan [1] Group 2 - As of the report, Fuchun Co., Ltd. has a market capitalization of 4.5 billion yuan [2] - The A-share market has recently surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with technology leading the market transformation [2]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥106,230,394.82, representing a 31.60% increase year-over-year and a 50.52% increase year-to-date[5]. - Net profit attributable to shareholders was ¥491,214.55, a significant increase of 105.43% compared to the same period last year, while year-to-date net profit showed a loss of ¥9,214,059.60, improving by 78.05%[5]. - Basic and diluted earnings per share were both ¥0.0007, reflecting a 105.34% increase compared to the same period last year[5]. - Total operating revenue for the current period reached ¥287,764,466.74, a significant increase from ¥191,177,348.10 in the previous period, representing a growth of approximately 50.6%[21]. - The net profit for the current period was a loss of ¥12,792,055.86, compared to a loss of ¥46,153,383.93 in the previous period, showing an improvement of approximately 72.2%[22]. - The total comprehensive loss for the current period was ¥13,213,479.85, compared to a loss of ¥46,678,054.19 in the previous period, indicating a significant reduction in losses[24]. Cash Flow - The net cash flow from operating activities was ¥7,228,650.64, marking a 148.58% increase year-to-date[5]. - Operating cash inflow for the current period reached ¥317,927,706.74, an increase of 42% compared to ¥224,183,418.97 in the previous period[26]. - Cash inflow from financing activities was ¥229,065,626.77, compared to ¥144,500,000.00 in the previous period, marking a 58% increase[27]. - Net cash flow from financing activities improved to ¥9,519,321.58 from a net outflow of ¥310,174.79 in the previous period[27]. - Cash received from sales of goods and services was ¥299,005,117.48, up from ¥213,335,761.21, reflecting a growth of 40%[26]. - Cash outflow from investing activities totaled ¥10,562,716.99, up from ¥4,762,455.65 in the previous period, resulting in a net cash outflow of ¥10,510,188.85[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥958,973,265.43, a decrease of 1.84% from the end of the previous year[5]. - Current liabilities totaled ¥442,891,496.94, down from ¥506,446,855.63, a reduction of approximately 12.5%[19]. - Long-term borrowings increased significantly to ¥89,100,000.00 from ¥29,583,923.00, marking an increase of about 201.5%[19]. - The company reported a decrease in contract liabilities by 30.07% to ¥47,548,654.42, mainly due to the recognition of previously received game payments as revenue[9]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 47,685[12]. - The largest shareholder, Fujian Fuchun Investment Co., Ltd., holds 14.90% of shares, totaling 102,868,158 shares[12]. - The total number of preferred stock shareholders is not applicable[13]. - The total number of restricted shares at the end of the period is 1,077,000, down from 1,324,500 due to the release of 247,500 shares[14]. - The company has not disclosed any changes in the shareholding structure of the top 10 shareholders due to margin trading[12]. Management Changes - The company plans to elect Yang Fangxi as the new chairman following the resignation of Miao Fuzhang in September 2025[15]. - The company appointed Xing Bing as the new vice president and CFO after Lin Mei's resignation in October 2025[15]. Expenses - The company reported a significant increase in sales expenses, which rose to ¥57,985,860.48, a staggering 1783.86% increase year-over-year due to increased marketing efforts for new game launches[9]. - The company continues to invest in research and development, with R&D expenses reported at ¥39,015,330.29, down from ¥51,910,333.19, reflecting a strategic focus on cost management[22]. Audit Information - The company did not undergo an audit for the third quarter financial report[28].

Core Insights - The resignation of Lin Mei, the Vice President and CFO of Fuchun Co., indicates potential strategic adjustments or governance restructuring within the company, as it marks the sixth executive change in the past year [1][4] - Despite a significant increase in gaming revenue, the company reported a net loss of 9.71 million yuan, highlighting underlying issues in cost control and overall profitability [2][6] - The appointment of the new CFO, Xing Bing, who has a strong background in capital operations, suggests that the company may be preparing for future financing or business expansion [3][6] Executive Changes - Lin Mei resigned from all positions on October 22, 2025, after previously stepping down from her role as a worker representative director on October 14 [1] - This change follows the earlier replacement of the chairman in August 2025, indicating a trend of high-level turnover within the company [1][4] - Xing Bing, the new CFO, is 39 years old and has a dual degree in Physics and Financial Management, along with a Master's degree from Peking University [3] Financial Performance - Fuchun Co. reported a revenue of 182 million yuan for the first half of 2025, with gaming business revenue doubling and accounting for 65% of total revenue [2] - The company faced a net loss of 9.71 million yuan, raising concerns about its profitability despite revenue growth [2][6] - The stock price closed at 6.26 yuan on October 22, 2025, reflecting a decline of 0.48%, indicating market skepticism regarding the company's financial health [5] Market Reactions - The market reacted cautiously to the CFO change, with institutional investors showing a net outflow of 6.74 million yuan, while retail investors exhibited net inflows [5] - The timing of the CFO change before the quarterly report raises concerns about the reliability of the financial data to be disclosed [4] Strategic Outlook - The new CFO's background in capital operations may align with the company's potential plans for capital mobilization to support its gaming expansion or new business ventures [3][6] - Investors are advised to monitor key indicators in the upcoming quarterly report, including the quality of gaming revenue growth and overall cash flow [6]

Core Insights - Fuchun Technology Co., Ltd. reported a revenue of 182 million yuan for the first half of 2025, representing a year-on-year growth of 64.35% [2] - The company experienced a net profit attributable to shareholders of -9.71 million yuan, which is a 70.52% increase in loss compared to the previous period [2] - The stock price of Fuchun shares decreased by 0.48% on October 22, with a trading volume of 56.06 million yuan [1] Financing and Margin Trading - On October 22, Fuchun shares had a financing buy-in amount of 4.56 million yuan and a financing repayment of 8.36 million yuan, resulting in a net financing buy of -3.80 million yuan [1] - The total margin trading balance for Fuchun shares as of October 22 is 243 million yuan, with the financing balance accounting for 5.61% of the circulating market value [1] - The company’s financing balance is below the 30% percentile level over the past year, indicating a low position [1] Short Selling Activity - On October 22, Fuchun shares had a short selling repayment of 3,600 shares and a short selling amount of 1,700 shares, with a selling amount of 10,600 yuan based on the closing price [1] - The short selling balance stands at 42,760 yuan, which is above the 50% percentile level over the past year, indicating a relatively high position [1] Shareholder Information - As of June 30, the number of shareholders for Fuchun shares increased by 32.07% to 64,500, while the average circulating shares per person decreased by 24.28% to 10,679 shares [2] - The company has cumulatively distributed 92.55 million yuan in dividends since its A-share listing, with no dividends distributed in the last three years [2] Institutional Holdings - As of June 30, 2025, the fourth largest circulating shareholder is the Huaxia CSI Animation Game ETF, holding 13.19 million shares, an increase of 2.49 million shares from the previous period [2] - The seventh largest circulating shareholder is the Guotai CSI Animation Game ETF, holding 3.98 million shares, an increase of 0.88 million shares from the previous period [2]

Core Points - Lin Mei has resigned from her positions as Vice President and Chief Financial Officer of the company due to personal reasons [2] - The company has appointed Xing Bing as the new Vice President and Chief Financial Officer, effective from the date of the board's approval until the end of the current board's term [2] - The company has also elected Zhan Zhiyong as a member of the Compensation and Assessment Committee of the fifth board [2]

证券代码：300299 证券简称：富春股份 公告编号：2025-042 富春科技股份有限公司 关于变更公司高级管理人员及调整董事会 专门委员会成员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述和重大遗漏。 一、变更高级管理人员情况 富春科技股份有限公司（以下简称"公司"）于近日收到林梅女 士的辞职报告。因个人原因，林梅女士申请辞去公司副总裁、财务总 监职务。辞职后，林梅女士不再担任公司任何职务，其辞职申请自送 达董事会之日起生效。公司董事会对林梅女士任职期间为公司所做出 的贡献表示衷心的感谢！ 截至本公告披露日，林梅女士持有公司股份 154,500 股，占公司 总股本的 0.02%，不存在应当履行而未履行的承诺事项。其所持股份 将继续遵守《上市公司股东减持股份管理暂行办法》《上市公司董事 和高级管理人员所持本公司股份及其变动管理规则》《深圳证券交易 所上市公司自律监管指引第 18 号——股东及董事、高级管理人员减 持股份》等法律法规相关要求。 根据《公司法》及《公司章程》等有关规定，经公司总裁提名， 董事会提名委员会、审计委员会审核。公司于 2025 年 10 月 ...

一、董事会会议召开情况 1、董事会届次：第五届董事会第十五次会议 证券代码：300299 证券简称：富春股份 公告编号：2025-041 富春科技股份有限公司 第五届董事会第十五次会议决议公告 2、会议通知时间：2025 年 10 月 17 日 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述和重大遗漏。 4、会议召开时间：2025 年 10 月 22 日 5、会议召开地点：福州市鼓楼区铜盘路软件大道 89 号 C 区 25 号楼六 层会议室 6、会议召开方式：通过现场和通讯表决相结合的方式召开 7、出席会议董事情况：本次董事会应到董事 7 人，实到董事 7 人，分 别为：杨方熙、缪福章、叶宇煌、詹智勇、朱霖、欧永洪、陈章旺 8、会议主持人：董事长杨方熙 9、会议列席人员：公司高级管理人员 富春科技股份有限公司（以下简称"公司"）本次董事会会议为临时 会议，会议的召集和召开符合国家有关法律、法规和《富春科技股份有限 公司章程》（以下简称"《公司章程》"）的规定。 二、董事会会议审议情况 本次会议以举手表决的方式，审议通过以下议案： （一）审议通过《关于变更公司高级管理人员的 ...

Core Points - Lin Mei has submitted her resignation as a representative director of Fuchun Co., while continuing to serve as the vice president and CFO [1] - The company has elected Zhan Zhiyong as the new representative director during the employee representative meeting held on October 11, 2025 [1] - For the year 2024, Fuchun Co.'s revenue composition is as follows: gaming business accounts for 52.36%, information technology industry accounts for 43.13%, and other businesses account for 4.51% [1] - As of the report date, Fuchun Co. has a market capitalization of 4.4 billion [1]

Group 1 - The core point of the article is the resignation of Lin Mei from her position as employee representative director at Fuchun Co., while she will continue to serve as the vice president and CFO [1] - Fuchun Co. held an employee representative meeting on October 11, 2025, where Zhan Zhiyong was elected as the new employee representative director [1] - As of the report, Fuchun Co. has a market capitalization of 4.4 billion yuan [1] Group 2 - For the fiscal year 2024, Fuchun Co.'s revenue composition is as follows: gaming business accounts for 52.36%, information technology industry accounts for 43.13%, and other businesses account for 4.51% [1]

证券代码：300299 证券简称：富春股份 公告编号：2025-040 富春科技股份有限公司 关于变更公司职工代表董事的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述和重大遗漏。 富春科技股份有限公司（以下简称"公司"）于近日收到林梅女 士的辞职申请，为进一步完善公司的治理架构，林梅女士申请辞去公 司职工代表董事一职，辞职后仍担任公司副总裁、财务总监。林梅女 士辞职未导致公司董事会人数低于法定最低人数，其辞职申请自送达 董事会之日起生效。公司董事会对林梅女士担任职工代表董事期间为 公司所做出的贡献表示衷心的感谢！ 根据《公司法》《公司章程》等有关规定，公司于 2025 年 10 月 11 日召开职工代表大会。经与会职工代表审议，同意选举詹智勇先 生为职工代表董事（简历详见附件），任期自职工代表大会审议通过 之日起至第五届董事会届满之日止。 富春科技股份有限公司董事会 二〇二五年十月十四日 1 附件： 詹智勇，男，中国国籍，1976 年出生，研究生学历，中级工程师。曾任公 司广州分公司、福州分公司及项目技术部副经理，公司通信事业部副经理，公司 监事；现任公司总裁办公室 ...