Feymer(SH:688350) Xin Lang Cai Jing·2025-10-30 15:54Core Viewpoint - Fumiao Technology, established in December 2010 and listed on the Shanghai Stock Exchange in January 2021, is a leading company in the functional polymer materials sector in China, with a full industry chain advantage [1] Group 1: Business Performance - For Q3 2025, Fumiao Technology reported revenue of 1.091 billion yuan, ranking 33rd in the industry, significantly lower than the top competitor, Sinochem International, which had 35.716 billion yuan [2] - The company's net profit for the same period was 37.6192 million yuan, placing it 46th in the industry, again far below the leading competitors [2] - The revenue composition includes 327 million yuan from water-soluble polymers, accounting for 45.33%, and 278 million yuan from functional monomers, making up 38.57% [2] Group 2: Financial Ratios - As of Q3 2025, Fumiao Technology's debt-to-asset ratio was 45.01%, higher than the previous year's 39.73% and above the industry average of 34.74% [3] - The gross profit margin for the same period was 15.80%, an increase from 13.53% year-on-year, but still below the industry average of 19.93% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 4.02% to 4,681, while the average number of circulating A-shares held per shareholder decreased by 3.87% to 26,100 [5] Group 4: Leadership - The chairman of Fumiao Technology, Qian Xin, born in September 1981, has extensive experience in the financial sector and currently serves as the chairman and general manager of Shanghai Qianyu Equity Investment Fund Management Co., Ltd. [4]