Core Viewpoint - Future Electric, a leading manufacturer of low-voltage electrical accessories in China, was established in September 2001 and listed on the Shenzhen Stock Exchange in March 2023. The company has strong R&D capabilities and product quality advantages [1]. Group 1: Business Performance - In Q3 2025, Future Electric reported revenue of 413 million yuan, ranking 21st out of 26 in the industry, significantly lower than the industry leader, Chint Electric, which had revenue of 46.396 billion yuan [2]. - The company's net profit for the same period was 71.3184 million yuan, ranking 12th in the industry, again far below Chint Electric's 5.656 billion yuan [2]. - The main business composition includes: shell circuit breaker accessories at 113 million yuan (39.10%), smart terminal electrical products at 89.158 million yuan (30.98%), and frame circuit breaker accessories at 75.8997 million yuan (26.37%) [2]. Group 2: Financial Ratios - As of Q3 2025, Future Electric's debt-to-asset ratio was 11.95%, an increase from 10.94% year-on-year, but still well below the industry average of 40.49%, indicating strong solvency [3]. - The company's gross profit margin was 27.95%, slightly up from 27.21% year-on-year, and higher than the industry average of 23.98%, reflecting strong profitability [3]. Group 3: Executive Compensation - The chairman, Mo Weny, received a salary of 497,400 yuan in 2024, a decrease of 22,600 yuan from 2023 [4]. - The general manager, Lou Yang, received a salary of 687,400 yuan in 2024, an increase of 137,400 yuan from 2023 [4]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.75% to 11,200, with an average holding of 3,825.4 circulating A-shares, a decrease of 0.74% [5]. - Among the top ten circulating shareholders, Huaxia CSI 500 Index Enhanced A (007994) ranked as the fifth largest circulating shareholder, holding 437,700 shares as a new shareholder [5].

Group 1 - The core point of the article is that Future Electric (301386) reported on October 23 that as of October 20, 2025, the number of shareholders in the company is 12,925 [1]

Core Insights - Future Electric experienced a stock price increase of 5.21%, reaching 26.06 CNY per share, with a trading volume of 158 million CNY and a turnover rate of 14.63%, resulting in a total market capitalization of 3.648 billion CNY [1] Company Overview - Suzhou Future Electric Co., Ltd. is located in Jiangsu Province, Suzhou City, and was established on September 3, 2001. The company went public on March 29, 2023. Its main business involves the research, production, and sales of low-voltage electrical accessories [1] - The revenue composition of Future Electric includes: 39.10% from molded case circuit breaker accessories, 30.98% from smart terminal electrical products, 26.37% from frame circuit breaker accessories, 2.20% from other supplementary products, and 1.35% from other auxiliary finished products [1] Shareholder Information - Among the top ten circulating shareholders of Future Electric, one fund from Huaxia Fund is notable. The Huaxia CSI 500 Index Enhanced A (007994) fund entered the top ten circulating shareholders in the third quarter, holding 437,700 shares, which accounts for 1.02% of the circulating shares. The estimated floating profit for today is approximately 564,600 CNY [2] - The Huaxia CSI 500 Index Enhanced A fund was established on March 25, 2020, with a current scale of 3.135 billion CNY. Year-to-date returns are 24.5%, ranking 2042 out of 4218 in its category; the one-year return is 26.77%, ranking 1592 out of 3875; and since inception, the return is 129.7% [2]

Group 1: Company Performance Highlights - Yanjiang Co., Ltd. reported a net profit of 42.50 million yuan for the first three quarters, a year-on-year increase of 27.95%, with a third-quarter net profit growth of 209.1% [1] - Dabeinong achieved a net profit of 257 million yuan for the first three quarters, up 92.56% year-on-year, but reported a significant decline of 92.50% in third-quarter net profit [1][2] - Gaozheng Minexplosion's net profit for the first three quarters was 126 million yuan, reflecting a 13.68% increase year-on-year, with a third-quarter net profit growth of 1.83% [3][4] - Taiji Co., Ltd. reported a net profit of 56.69 million yuan for the first three quarters, a year-on-year increase of 205.58%, but a decline of 13.6% in third-quarter net profit [5][6] - Qian Zhao Optoelectronics achieved a net profit of 87.95 million yuan for the first three quarters, up 80.17% year-on-year, with a third-quarter net profit growth of 56.01% [7][8] - Future Electric reported a net profit of 71.32 million yuan for the first three quarters, a year-on-year increase of 10.61%, with a slight decline in third-quarter revenue [10] Group 2: Company Announcements and Strategic Moves - Hengshuo Co., Ltd. announced plans for shareholders to reduce their holdings by up to 3% due to personal funding needs [11] - Sanbai Shuo disclosed a share transfer agreement where a shareholder will transfer 5.66% of the company's shares to another entity [12] - Tianqi Lithium's subsidiary plans to invest 250 million yuan in a partnership to explore opportunities in the new materials and renewable energy sectors [12][13] - Zhuanqi Technology reported a net loss of 1.03 billion yuan for the first three quarters, with a significant decline in third-quarter performance [16] - Jintong Technology announced plans to increase investment by 250 million yuan to expand production capacity for new energy vehicle components [23]

Core Viewpoint - Future Electric (301386) reported a slight decline in Q3 revenue but an increase in net profit, indicating a mixed performance in the third quarter of 2025 [1] Financial Performance - Q3 revenue reached 125 million yuan, a year-on-year decrease of 0.49% [1] - Q3 net profit was 22.87 million yuan, reflecting a year-on-year increase of 15.39% [1] - For the first three quarters of 2025, total revenue was 413 million yuan, showing a year-on-year growth of 7.86% [1] - Net profit for the first three quarters was 71.32 million yuan, up 10.61% year-on-year [1] - Basic earnings per share stood at 0.5094 yuan [1]

Core Insights - Future Electric (301386.SZ) reported a revenue of 413 million yuan for the first three quarters of 2025, representing a year-on-year growth of 7.86% [1] - The net profit attributable to shareholders of the listed company was 71.3184 million yuan, an increase of 10.61% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 58.9756 million yuan, reflecting a year-on-year growth of 18.66% [1] - The basic earnings per share stood at 0.5094 yuan [1]

Core Insights - Future Electric reported a third-quarter revenue of 125 million yuan, a year-on-year decrease of 0.49% [1] - The company's net profit attributable to shareholders for the third quarter was 22.87 million yuan, reflecting a year-on-year increase of 15.39% [1] - For the first three quarters, the total revenue reached 413 million yuan, representing a year-on-year growth of 7.86% [1] - The net profit attributable to shareholders for the first three quarters was 71.32 million yuan, showing a year-on-year increase of 10.61% [1]

Core Viewpoint - Future Electric (301386.SZ) reported a decline in operating revenue for Q3 2025, while net profit showed an increase, indicating mixed financial performance [1] Financial Performance - Operating revenue for Q3 2025 was 125 million yuan, a year-on-year decrease of 0.49% [1] - Net profit attributable to shareholders was 22.87 million yuan, reflecting a year-on-year increase of 15.39% [1] - Net profit excluding non-recurring gains and losses was 18.75 million yuan, which represents a year-on-year increase of 26.61% [1]

Core Viewpoint - Future Electric reported a slight decline in revenue for Q3 2025, while net profit showed a significant increase, indicating a mixed performance in the company's financial results [1] Financial Performance - In Q3 2025, the company achieved revenue of 125 million yuan, a year-on-year decrease of 0.49% [1] - The net profit attributable to shareholders was 22.87 million yuan, reflecting a year-on-year increase of 15.39% [1] - Basic earnings per share for Q3 2025 were 0.1634 yuan [1] - For the first three quarters of 2025, the company reported total revenue of 413 million yuan, representing a year-on-year growth of 7.86% [1] - The net profit attributable to shareholders for the first three quarters was 71.32 million yuan, which is a year-on-year increase of 10.61% [1] - Basic earnings per share for the first three quarters were 0.5094 yuan [1]

Core Viewpoint - Future Electric (SZ 301386) announced a board meeting on October 22, 2025, to review the revision of the "Board Meeting Rules" and other documents [1] Group 1: Company Overview - Future Electric's revenue composition for the year 2024 is 100% from the industrial sector [1] - As of the report, Future Electric has a market capitalization of 3.5 billion yuan [1]