Core Viewpoint - Fuda Co., Ltd. is a significant player in the automotive parts industry, focusing on the manufacturing of engine crankshafts, clutches, and precision forgings, with a strong technical foundation and full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Fuda achieved a revenue of 1.413 billion yuan, ranking 48th among 103 companies in the industry, significantly lower than the top competitors Weichai Power and Top Group, which reported revenues of 170.571 billion yuan and 20.928 billion yuan respectively [2] - The main revenue sources include crankshafts at 1.036 billion yuan (62.87%), precision forgings at 199 million yuan (12.10%), and clutches at 183 million yuan (11.10%) [2] - The net profit for the same period was 221 million yuan, placing the company 23rd in the industry, with the top two competitors reporting net profits of 10.852 billion yuan and 1.969 billion yuan respectively [2] Group 2: Financial Ratios - As of Q3 2025, Fuda's debt-to-asset ratio was 45.07%, higher than the previous year's 38.63% and above the industry average of 39.06% [3] - The gross profit margin for Q3 2025 was 27.40%, an increase from 24.74% year-on-year, and also above the industry average of 21.53% [3] Group 3: Leadership and Shareholder Structure - The chairman, Li Fuchao, has a rich background and has led the company through various developments, with a history of holding significant positions in the automotive parts sector [4] - As of September 30, 2025, the number of A-share shareholders decreased by 12.90% to 37,300, while the average number of shares held per shareholder increased by 14.81% to 17,100 shares [5] - Notable changes in the top ten shareholders include an increase in holdings by Hong Kong Central Clearing Limited and the entry of new shareholders such as Yongying Advanced Manufacturing Mixed Fund [5] Group 4: Future Outlook - The company is expected to see revenue growth in Q4 2025, supported by new customer demand and effective cost management, with a maintained profit forecast of 320 million yuan for 2025 and 400 million yuan for 2026 [6] - Longban Technology, a subsidiary, is advancing in the robotics sector, with significant production capacity and involvement in national standard revisions for precision gear reducers [6]

Core Insights - Fuda Co., Ltd. experienced a 2.28% decline in stock price on October 22, with a trading volume of 252 million yuan [1] - The company reported a financing buy-in of 21.67 million yuan and a net financing buy of 4.12 million yuan on the same day [1][2] - As of October 22, the total financing and securities lending balance for Fuda Co. was 240 million yuan, accounting for 2.30% of its market capitalization [2] Financial Performance - For the period from January to September 2025, Fuda Co. achieved a revenue of 1.413 billion yuan, representing a year-on-year growth of 27.32% [2] - The net profit attributable to shareholders for the same period was 221 million yuan, showing an increase of 83.27% year-on-year [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Fuda Co. was 37,300, a decrease of 12.90% from the previous period [2] - The average circulating shares per person increased by 14.81% to 17,141 shares [2] - The company has distributed a total of 1.2 billion yuan in dividends since its A-share listing, with 242 million yuan distributed in the last three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth largest circulating shareholder, increasing its holdings by 5.43 million shares to 7.5715 million shares [3] - New institutional shareholders include Yongying Advanced Manufacturing Mixed Fund and Dongfang Alpha Preferred Mixed Fund, holding 4.6806 million shares and 2.6851 million shares respectively [3]

Group 1 - The core point of the news is that Fuda Co., Ltd. experienced a decline of 5.03% in its stock price, reaching 17.19 yuan per share, with a trading volume of 213 million yuan and a turnover rate of 1.89%, resulting in a total market capitalization of 11.108 billion yuan [1] - Fuda Co., Ltd. is located in Guilin, Guangxi, and was established on December 28, 2000. It was listed on November 27, 2014. The company specializes in the research, production, and sales of automotive components such as engine crankshafts, clutches, spiral bevel gears, and high-strength bolts [1] - The main business revenue composition of Fuda Co., Ltd. includes crankshafts (62.87%), precision forgings (12.10%), clutches (11.10%), gears (5.61%), other (supplementary) (5.39%), and high-strength bolts (2.93%) [1] Group 2 - From the perspective of major fund holdings, one fund under China Europe Fund has heavily invested in Fuda Co., Ltd. The fund, China Europe Shengshi Growth Mixed (LOF) A, increased its holdings by 233,900 shares in the second quarter, bringing the total to 1.2097 million shares, which accounts for 3.42% of the fund's net value, ranking as the ninth largest holding [2] - The China Europe Shengshi Growth Mixed (LOF) A fund was established on March 30, 2015, with a latest scale of 454 million yuan. Year-to-date, it has achieved a return of 25.9%, ranking 3182 out of 8184 in its category; over the past year, it has returned 46.64%, ranking 2871 out of 7971; and since inception, it has returned 119.41% [2]