Fuhuang(SZ:002743) Xin Lang Cai Jing·2025-10-30 15:35Core Viewpoint - Fuhuang Steel Structure is a leading domestic steel structure enterprise, focusing on the design, manufacturing, and installation of steel structure products, with a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Fuhuang Steel's revenue was 2.348 billion, ranking 7th in the industry, significantly lower than the top competitor Honglu Steel's 15.917 billion and second-place Jinggong Steel's 14.557 billion [2] - The main business composition includes construction projects at 1.182 billion (61.57%), steel structure sales at 398 million (20.71%), other products at 183 million (9.52%), and doors and windows wood sales at 158 million (8.21%) [2] - The net profit for the same period was 42.807 million, ranking 8th in the industry, far below the leading competitors [2] Group 2: Financial Ratios - As of Q3 2025, Fuhuang Steel's debt-to-asset ratio was 66.50%, a decrease from 68.82% year-on-year but still above the industry average of 56.77% [3] - The gross profit margin for Q3 2025 was 14.51%, an increase from 13.89% year-on-year and above the industry average of 13.40% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.87% to 27,700, while the average number of circulating A-shares held per shareholder decreased by 1.84% to 15,700 [5] - Among the top ten circulating shareholders, Nuoan Multi-Strategy Mixed A entered as the eighth largest shareholder with 2.6519 million shares, while Jiaoyin Regular Payment Dual Interest Balanced Mixed exited the list [5] Group 4: Executive Compensation - The chairman, Yang Junbin, received a salary of 480,000, unchanged from the previous year [4] - The president, Zheng Maorong, received a salary of 360,000, also unchanged from the previous year [4]