Core Insights - Furan De's stock price increased by 2.09% on November 3, reaching 14.64 CNY per share, with a total market capitalization of 7.215 billion CNY [1] - The company has seen a year-to-date stock price increase of 56.56%, but a decline of 19.74% over the past 20 days [1] Company Overview - Furan De Co., Ltd. was established on July 8, 2004, and went public on September 24, 2020, located in Baoshan District, Shanghai [2] - The company specializes in providing complete steel logistics supply chain services for mid-to-high-end automotive and home appliance industries, including procurement, processing, warehousing, and transportation [2] - The revenue composition is as follows: processing and distribution 57.14%, non-processing distribution 41.95%, and other services 0.91% [2] Financial Performance - For the period from January to September 2025, Furan De achieved a revenue of 8.230 billion CNY, representing a year-on-year growth of 5.00%, and a net profit attributable to shareholders of 243 million CNY, up 20.38% [2] - The company has distributed a total of 784 million CNY in dividends since its A-share listing, with 532 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, Furan De had 13,200 shareholders, an increase of 29.51% from the previous period, with an average of 37,262 circulating shares per shareholder, a decrease of 22.79% [2] - Notable new institutional shareholders include Yongying Advanced Manufacturing Smart Selection Mixed Fund and Penghua Carbon Neutral Theme Mixed Fund [3]

Core Insights - Furan De is a leading steel logistics supply chain service provider in China, established in 2004 and listed on the Shanghai Stock Exchange in 2020, focusing on high-end automotive and home appliance industries [1] Group 1: Business Performance - In Q3 2025, Furan De reported revenue of 8.23 billion, ranking 8th in the industry, significantly lower than the top competitor Jianfa Group at 498.98 billion and second-place Wuchan Zhongda at 432.98 billion [2] - The company's net profit for the same period was 256 million, ranking 6th in the industry, again lower than Wuchan Zhongda's 4.51 billion and Xiamen Xiangyu's 2.11 billion [2] Group 2: Financial Ratios - As of Q3 2025, Furan De's debt-to-asset ratio was 50.26%, an increase from 48.83% year-on-year, but still below the industry average of 67.16% [3] - The gross profit margin for Q3 2025 was 5.76%, up from 4.73% year-on-year, and higher than the industry average of 5.58% [3] Group 3: Executive Compensation - Chairman Cui Jianhua's salary for 2024 was 1.1858 million, an increase of 18,000 from 2023, while General Manager Cui Jianbing's salary decreased to 1.0558 million, down 18,000 from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 29.51% to 13,200, while the average number of shares held per shareholder decreased by 22.79% to 37,300 [5] - New major shareholders include Yongying Advanced Manufacturing Mixed Fund and Penghua Carbon Neutral Theme Mixed Fund, holding 11.1937 million and 5.7216 million shares respectively [5]

Core Viewpoint - Furan De has shown significant stock price appreciation and strong financial performance, indicating potential growth in the logistics supply chain services sector for high-end automotive and home appliance industries [1][2]. Group 1: Stock Performance - On September 16, Furan De's stock rose by 2.03%, reaching 22.09 CNY per share, with a trading volume of 288 million CNY and a turnover rate of 2.70%, resulting in a total market capitalization of 10.887 billion CNY [1]. - Year-to-date, Furan De's stock price has increased by 136.23%, with recent gains of 8.02% over the last five trading days, 45.23% over the last 20 days, and 63.98% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the latest appearance on August 12, where it recorded a net purchase of 20.9144 million CNY [1]. Group 2: Company Overview - Furan De, established on July 8, 2004, and listed on September 24, 2020, is located in Shanghai and specializes in providing comprehensive steel logistics supply chain services for mid-to-high-end automotive and home appliance industries [2]. - The company's revenue composition includes 57.14% from processing and distribution, 41.95% from non-processing distribution, and 0.91% from processing and other services [2]. - Furan De operates within the transportation and logistics sector, focusing on raw material supply chain services, and is associated with concepts such as automotive lightweighting and new energy vehicles [2]. Group 3: Financial Performance - For the first half of 2025, Furan De reported a revenue of 5.215 billion CNY, reflecting a year-on-year growth of 2.25%, while the net profit attributable to shareholders was 153 million CNY, marking a 30.53% increase [2]. - The company has distributed a total of 784 million CNY in dividends since its A-share listing, with 532 million CNY distributed over the past three years [3]. - As of June 30, 2025, the number of shareholders decreased by 12.25% to 10,200, with an average of 48,259 circulating shares per shareholder, which increased by 13.95% [2].