Der(SZ:002631) Xin Lang Cai Jing·2025-10-30 14:01Core Viewpoint - 德尔未来 is a leading home and new materials enterprise in China, focusing on the research, production, and sales of home products and graphene-related businesses, with a full industry chain advantage [1] Group 1: Business Overview - 德尔未来 was established on December 2, 2004, and listed on the Shenzhen Stock Exchange on November 11, 2011, with its registered and office address in Suzhou, Jiangsu Province [1] - The main business includes the research, production, and sales of wooden flooring, custom furniture, and density boards, as well as the development and sales of graphene preparation equipment and related new materials [1] Group 2: Financial Performance - In Q3 2025, 德尔未来 reported revenue of 831 million yuan, ranking 9th among 13 companies in the industry, with the industry leader, 马可波罗, generating 4.938 billion yuan [2] - The revenue composition shows that flooring products contributed 348 million yuan (66.53%), while custom furniture accounted for 169 million yuan (32.30%) [2] - The net profit for the same period was -70.09 million yuan, placing the company 12th in the industry, with the industry leader's net profit at 1.062 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, 德尔未来's debt-to-asset ratio was 33.21%, down from 56.22% year-on-year and below the industry average of 39.52%, indicating reduced debt pressure [3] - The gross profit margin for Q3 2025 was 17.65%, lower than the previous year's 20.87% and below the industry average of 23.08%, suggesting a need for improvement in profitability [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 12.52% to 42,200, while the average number of circulating A-shares held per household increased by 14.32% to 18,800 [5] - The top ten circulating shareholders saw a change, with 金元顺安元启灵活配置混合 (004685) exiting the list [5] Group 5: Executive Compensation - The chairman and general manager, 汝继勇, received a salary of 602,000 yuan in 2024, an increase of 110,000 yuan from 2023 [4]