Furuise(SZ:300228) Xin Lang Cai Jing·2025-10-31 07:50Core Viewpoint - Furui Special Equipment, established in 2003 and listed in 2011, is a key player in the domestic LNG low-temperature storage and application equipment manufacturing sector, benefiting from a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Furui Special Equipment reported revenue of 2.363 billion yuan, ranking 12th among 82 companies in the industry, while the industry leader, CIMC, achieved revenue of 117.061 billion yuan [2] - The company's net profit for the same period was 213 million yuan, placing it 10th in the industry, with the top performer, CIMC, reporting a net profit of 2.395 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Furui Special Equipment's debt-to-asset ratio was 37.40%, down from 47.71% year-on-year and below the industry average of 39.81%, indicating improved solvency [3] - The gross profit margin for Q3 2025 was 23.07%, an increase from 19.83% year-on-year and above the industry average of 22.64%, reflecting strong profitability [3] Group 3: Executive Compensation - The chairman, Huang Feng, received a salary of 3.58 million yuan in 2025, an increase of 1 million yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.93% to 42,000, while the average number of circulating A-shares held per shareholder increased by 0.93% to 13,100 [5] - For the first three quarters of 2025, the company achieved revenue of 2.36 billion yuan, a year-on-year decrease of 7.9%, but net profit attributable to shareholders increased by 36.9% to 170 million yuan [5] - Significant growth in Q3 was noted, with improvements in gas heavy truck sales and low-temperature storage business, alongside effective cost control and rapid overseas expansion [5]