Group 1 - The core viewpoint of the news is that Fuhua Jia (301371.SZ) reported a decrease in institutional investor holdings in its A-shares, with a total of 6 institutions holding 27.8844 million shares, representing 5.36% of the total share capital, a decline of 0.18 percentage points from the previous quarter [1] Group 2 - In the public fund sector, there was an increase in holdings from one fund, Huaxia CSI 1000 ETF, while three funds, including Huabao CSI Medical ETF, Guangfa Pension Index A, and Southern CSI 1000 ETF, reported a decrease in holdings [2] - A total of 66 public funds did not disclose their holdings in the current period, which includes funds such as Guangfa CSI 1000 ETF and Guotai CSI Medical ETF [2]

Core Viewpoint - The performance of Fulejia (301371.SZ), known as the "first stock of facial masks," continues to deteriorate, with Q3 net profit declining nearly 45% year-on-year, indicating a worsening trend compared to the previous two quarters [1] Financial Performance - In the first three quarters, the company achieved operating revenue of 1.297 billion yuan, a year-on-year decline of 11.54% - The net profit attributable to shareholders was 325 million yuan, down 36.73% year-on-year - The first quarter started poorly, but revenue saw slight growth in the second quarter due to promotional events like "618," only to decline again in the third quarter, with both revenue and net profit showing increased declines [1] Cash Flow and Expenses - The operating cash flow also showed negative trends, with net cash flow from operating activities decreasing by 48.52% year-on-year due to reduced cash receipts from sales and increased marketing expenses - Sales expenses for the first three quarters amounted to 621 million yuan, an increase of 26.19% year-on-year, highlighting the ongoing issue of marketing dependency [1] Industry Context - Analysts suggest that the company's brand and product line are relatively singular, making it overly reliant on the "Fulejia" brand and facial mask category during a downturn in the beauty industry - The facial mask category is reportedly trapped in a "low-price spiral," with over half of the top 10 brands on Douyin seeing single-piece prices drop to single digits in the first half of 2025 - The decline in facial mask prices has led to a noticeable decrease in the enthusiasm of beauty companies to launch new products, with a significant drop in new product registrations expected in 2024 [2] Market Expectations - The cooling of the facial mask segment reflects a broader downturn in the beauty industry, prompting many listed beauty companies to pursue external mergers and acquisitions to enhance competitiveness - There are market expectations for Fulejia to demonstrate progress in brand or product line expansion amidst these industry challenges [2]

Core Points - The company Fuhua announced a revenue of 434 million yuan for Q3 2025, representing a year-on-year decline of 17.58% [1] - The net profit attributable to shareholders for Q3 2025 was 95.39 million yuan, down 44.96% year-on-year [1] - For the first three quarters of 2025, the company reported a total revenue of 1.297 billion yuan, a decrease of 11.54% compared to the previous year [1] - The net profit attributable to shareholders for the first three quarters of 2025 was 325 million yuan, reflecting a decline of 36.73% year-on-year [1]

Group 1 - The company Fuhua Jia (SZ 301371) announced that its 17th board meeting of the second session was held on October 23, 2025, via telecommunication, where the "2025 Q3 Report" and other documents were reviewed [1] - For the year 2024, the company's revenue composition is as follows: 57.72% from the daily chemical industry and 42.28% from the medical device industry [1] - As of the report date, the market capitalization of Fuhua Jia is 12.9 billion yuan [2]

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the third quarter of 2025 compared to the same period last year [1] Financial Performance - The operating revenue for the third quarter was 434 million yuan, representing a year-on-year decrease of 17.58% [1] - The net profit attributable to shareholders was 95.39 million yuan, down 44.96% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 87.42 million yuan, reflecting a year-on-year decline of 47.30% [1]

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's operating revenue for the first three quarters was 1.297 billion yuan, a year-on-year decrease of 11.54% [1] - The net profit attributable to shareholders of the listed company was 325 million yuan, down 36.73% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 254 million yuan, a decrease of 48.20% year-on-year [1] - The basic earnings per share were 0.625 yuan [1]

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the third quarter and the first three quarters of 2025 compared to the same periods in the previous year [1] Financial Performance - In Q3 2025, the company achieved a revenue of 434 million yuan, representing a year-on-year decrease of 17.58% [1] - The net profit attributable to the parent company for Q3 2025 was 95.39 million yuan, down 44.96% year-on-year [1] - For the first three quarters of 2025, the company reported a total revenue of 1.297 billion yuan, which is an 11.54% decrease compared to the same period last year [1] - The net profit attributable to the parent company for the first three quarters was 325 million yuan, reflecting a decline of 36.73% year-on-year [1]

Core Points - The company reported a revenue of 1.297 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 11.54% [1] - The net profit attributable to shareholders was 325 million yuan, down 36.73% compared to the previous year [1] - The basic earnings per share decreased to 0.6250 yuan, reflecting a decline of 36.72% year-on-year [1]

Core Insights - The company reported a revenue of 434 million yuan for the third quarter, representing a decline of 17.58% [1] - The net profit for the third quarter was 95.39 million yuan, down 44.96% [1] - For the first three quarters, the total revenue was 1.297 billion yuan, a decrease of 11.54% [1] - The net profit for the first three quarters was 325 million yuan, reflecting a decline of 36.73% [1]

证券代码：301371 证券简称：敷尔佳 公告编号：2025-040 哈尔滨敷尔佳科技股份有限公司 第二届董事会第十七次会议决议公告 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、误导性陈述或重大遗漏。 一、董事会会议召开情况 哈尔滨敷尔佳科技股份有限公司（以下简称"公司"）第二届董事会第十七次 会议于 2025 年 10 月 23 日以通讯方式召开。本次会议通知已于 2025 年 10 月 17 日 以通讯方式发出，本次会议应出席董事 6 名，实际出席董事 6 名，会议由公司董事 长张立国先生主持，公司高级管理人员列席了本次会议。会议的召开符合法律法规 及《公司章程》的规定。 二、董事会会议审议情况 1、审议通过《2025 年第三季度报告》 经审议，董事会认为：公司《2025 年第三季度报告》的内容真实、准确、完整 地反映了公司 2025 年第三季度财务状况和经营成果，不存在虚假记载、误导性陈述 或重大遗漏。 具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的《2025 年第三 季度报告》。 表决结果：同意 6 票，反对 0 票，弃权 0 票。 本议案已经公 ...