New Stock Listings - The new stock "Zhongjie Automobile" (code: 301560) is listed at an issuance price of 16.50[1] Rights Issues and Offers - Cash option for "AVIC Capital" (code: 600705) is available from April 23 to April 25, 2025[1] - Tender offer for "ST Xinchao" (code: 600777) is open from April 23 to May 22, 2025[1] - "ST Puli" (code: 300630) will enter the delisting arrangement period starting April 28, 2025[1] Market Alerts - "Guoguang Chain" (code: 605188) has reported severe abnormal fluctuations[1] - "Dongfang Tong" (code: 300379) also reported severe abnormal fluctuations[1] Other Announcements - "Huili B" (code: 900939) has a recent announcement linked to its trading activities[1] - "Zhejiang Rongtai" (code: 603119) has a recent announcement linked to its trading activities[1] - "ST Jiuyou" (code: 600462) has a recent announcement linked to its trading activities[1]

近期福斯达（603173）发布2025年一季报，证券之星财报模型分析如下： 经营业绩 福斯达在2025年一季度实现了显著的业绩增长。营业总收入达到5.94亿元，同比上升69.04%；归母净利 润为1.16亿元，同比上升76.26%；扣非净利润为1.15亿元，同比上升115.35%。这表明公司在报告期内 的主营业务盈利能力大幅提升。 公司在费用控制方面表现出色，销售费用、管理费用、财务费用总计为1397.03万元，三费占营收比为 2.35%，同比减少了49.16%。这表明公司在运营效率上有明显的提升。 现金流与负债 尽管公司在经营上取得了不错的成绩，但需要注意的是，货币资金为14.69亿元，同比增加了27.59%， 而有息负债大幅减少至306.62万元，同比减少了95.37%。然而，公司现金流状况仍需关注，每股经营性 现金流为0.43元，同比增加了138.51%，但财报体检工具提示，货币资金与流动负债的比例仅为 53.05%，近3年经营性现金流均值与流动负债的比例仅为11.01%。 盈利能力 应收账款 公司的毛利率为28.77%，同比增加了17.2%；净利率为19.48%，同比增加了4.27%。每股收益为0.7 ...

Investment Rating - The report upgrades the investment rating of the company to "Strong Buy" [1][6] Core Views - The company reported a strong performance in Q1 2025, with revenue of 590 million yuan, a year-on-year increase of 69.04%, and a net profit of 120 million yuan, up 76.26% year-on-year [1] - The company achieved a total revenue of 2.42 billion yuan in 2024, representing a 12.20% year-on-year growth, and a net profit of 260 million yuan, which is a 36.63% increase year-on-year [1] - The report highlights the company's ability to enhance profitability through increased overseas deliveries, despite domestic market pressures [1][6] Financial Performance Summary - In 2024, the company achieved total revenue of 2,419 million yuan, with a year-on-year growth rate of 12.2% [7] - The net profit for 2024 was 261 million yuan, reflecting a year-on-year growth of 36.6% [7] - For Q1 2025, the company reported a total revenue of 590 million yuan, with a year-on-year growth of 69.04% [1] - The net profit for Q1 2025 was 120 million yuan, marking a 76.26% increase year-on-year [1] Market Position and Strategy - The company has seen an increase in the proportion of overseas sales, with foreign sales gross margin reaching 33.11%, which is 16.01 percentage points higher than domestic sales [6] - The company secured new orders worth approximately 4 billion yuan in 2024, with overseas orders hitting a historical high, providing strong support for future revenue and profit [6] - The report emphasizes the company's competitive advantage in high-end products and its proactive approach in expanding into new markets [6]

证券代码：603173 证券简称：福斯达 公告编号：2025-025 杭州福斯达深冷装备股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 经公司自查，公司目前生产经营活动正常，市场环境、行业政策未发生重大 调整，生产成本和销售等情况没有出现大幅波动，内部生产经营秩序正常。 重要内容提示： 杭州福斯达深冷装备股份有限公司（以下简称"公司"或"本公司"）股 票于 2025 年 4 月 18 日、4 月 21 日和 4 月 22 日连续三个交易日内日收盘价格涨 幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于股 票交易异常波动情形。 经公司自查并向公司控股股东、实际控制人书面发函查证，截至本公告 披露日，确认不存在应披露而未披露的重大信息。 公司敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 一、股票交易异常波动的具体情况 公司股票于 2025 年 4 月 18 日、4 月 21 日和 4 月 22 日连续三个交易日内日 收盘价格涨幅偏离值累计超过 20%，根 ...

关于《杭州福斯达深冷装备股份有限公司股票交易异 常波动问询函》的回函 致:杭州福斯达深冷装备股份有限公司 本公司于 2025年 4 月 22 日收到贵公司发来的《杭州福斯达深冷装备股份有 限公司股票交易异常波动间询函》,经本公司认真自查,现回复如下: 我们于 2025 年 4 月 22 日收到贵公司发来的《杭州福斯达深冷装备股份有限 公司股票交易异常波动问询函》,经我们认真自查,现回复如下: 我们作为杭州福斯达深冷装备股份有限公司(以下简称"福斯达")的实际 控制人,截至目前,不存在影响福斯达股票交易异常波动的重大事项,不存在其 他应披露而未披露的重大信息，包括但不限于重大资产重组、股份发行、收购、 债务重组、业务重组、资产剥离、资产注入、股份回购、股权激励、破产重整、 重大业务合作、引进战略投资者等对福斯达股票价格产生较大影响的重大事项。 未在股票交易异常波动期间买卖福斯达股票。 特此回函! 本公司为杭州福斯达深冷装备股份有限公司(以下简称"福斯达")的控股 股东,截至目前,不存在影响福斯达股票交易异常波动的重大事项,不存在其他 应披露而未披露的重大信息,包括但不限于重大资产重组、股份发行、收购、债 务重组 ...

Core Insights - The company achieved significant growth in 2024, with operating revenue of 2.419 billion yuan, a year-on-year increase of 12.2%, and a net profit attributable to shareholders of 261 million yuan, up 36.63% [2][3] - In Q1 2025, the company reported operating revenue of 594 million yuan, a remarkable year-on-year growth of 69.04%, and a net profit of 116 million yuan, increasing by 76.26% [2][3] - The primary driver of this performance is the company's dual-market strategy, focusing on both domestic and international markets, with a notable expansion in overseas operations [1][2] Financial Performance - In 2024, the company's overseas revenue reached 946 million yuan, accounting for 39.09% of total revenue, with an overseas gross margin of 33.11%, significantly higher than the domestic gross margin of 17.10% [2][3] - The total gross profit from overseas operations was 313 million yuan, representing 55.38% of the company's total gross profit [2] Market Strategy - The company has customized solutions for different regions and clients, enhancing customer loyalty and satisfaction, which has increased client retention [2] - The company is responding to the "Belt and Road" initiative by expanding into traditional markets such as the Middle East, Southeast Asia, Japan, and South Korea [2] Domestic Market Response - The company is also actively addressing the increasingly competitive domestic market by enhancing brand awareness and focusing on high-end market segments [3] - The petrochemical industry is the largest segment of the company's domestic orders, benefiting from ongoing structural adjustments and new project developments in the industry [3] Technological Development - The company has accumulated significant technological expertise, supporting the trends of energy efficiency, large-scale, and modularization in deep cooling equipment [4][5] - The company has secured orders for large-scale air separation units and is advancing research on ultra-large air separation units and liquefied petroleum gas (LPG) units [5] Order Backlog and Production Capacity - The company has a robust order backlog, with approximately 4 billion yuan in orders for 2024, ensuring sustained performance [7] - The company operates four production bases, with the new "Hangzhou Bay Terminal Factory" enhancing delivery capabilities for large equipment due to its strategic location [7] Future Outlook - The company plans to continue focusing on deep cooling technology, enhancing product development and manufacturing capabilities, and strengthening partnerships with mid-to-high-end clients globally [7]

Fund Management and Usage - As of December 31, 2024, the balance of the special account for raised funds is reported [1] - The company has used a total of 115,179,363.72 CNY of raised funds to replace self-raised funds for investment projects and issuance expenses, approved by the board and supervisory committee [2] - There were no instances of using idle raised funds to temporarily supplement working capital during the reporting period [3] Cash Management of Idle Funds - The company approved the use of up to 300 million CNY of temporarily idle raised funds for cash management, investing in low-risk, liquid financial products [4][5] - The cash management plan allows for rolling use of funds within the approved limit, with individual product investment periods not exceeding 12 months [4][5] Project Investment and Adjustments - The company has not used any over-raised funds for permanent working capital supplementation or loan repayment during the reporting period [7] - There are no surplus raised funds as the investment process is ongoing, and no changes have occurred in the planned use of raised funds [7][8] Audit and Compliance - The report on the management and usage of raised funds has been verified by Lixin Accounting Firm, confirming compliance with regulatory requirements [6][8] - The company has disclosed all relevant information accurately and timely, with no significant violations in the use of raised funds [7][8] Asset Impairment Provision - The company has recognized an asset impairment loss totaling 120,506,931.94 CNY for the year 2024, based on comprehensive asset evaluations [30][33] - The impairment includes credit losses, inventory write-downs, and losses on investment properties and fixed assets [31][32][33] Project Delay Announcement - The company has announced a delay in the "Research and Development Center Construction Project," extending the expected completion date to May 2026 due to design adjustments and permit acquisition [38][40] - The project is deemed necessary and feasible, with a focus on enhancing the company's capabilities in large-scale cryogenic equipment [41][43]

Core Viewpoint - The company, Hangzhou Fostar Deep Cold Equipment Co., Ltd., has reported significant growth in its financial performance for the year 2024, with a notable increase in revenue and net profit, reflecting its strong position in the deep cold equipment industry. Financial Performance - The company achieved operating revenue of 2,418.88 million yuan, representing a year-on-year growth of 12.20% [20] - The net profit attributable to shareholders reached 261.16 million yuan, an increase of 36.63% compared to the previous year [20] - The net profit after deducting non-recurring gains and losses was 233.85 million yuan, up 36.13% year-on-year [20] Business Overview - The company specializes in deep cold technology, focusing on the development, design, manufacturing, and sales of deep cold equipment, providing comprehensive solutions for customers [12] - Deep cold technology is applied in various industries, including natural gas, coal chemical, petrochemical, metallurgy, nuclear power, aerospace, and semiconductor sectors [12] - The company’s main products include air separation equipment, LNG (liquefied natural gas) devices, chemical cold boxes, and low-temperature storage tanks [12] Market Opportunities - The deep cold equipment market is expected to grow due to ongoing structural adjustments in the petrochemical industry and the push for carbon neutrality, which will drive demand for energy-efficient production processes [9][10] - Government policies aimed at promoting equipment upgrades and technological transformations in key industries are anticipated to create new market opportunities for deep cold equipment [10] Shareholder Information - As of the reporting period, the company had a total of 160 million shares, with a proposed cash dividend of 0.50 yuan per share, amounting to a total distribution of approximately 79.21 million yuan [7] Fundraising and Financial Management - The company successfully raised 746 million yuan through its initial public offering, with a net amount of approximately 658.89 million yuan after deducting issuance costs [21] - The company has established a management system for the use of raised funds, ensuring compliance with relevant regulations and effective oversight [23] Future Outlook - The company aims to leverage its competitive advantages in the deep cold equipment sector to capitalize on emerging market demands and enhance its market position [11]

民生证券股份有限公司 民生证券股份有限公司（以下简称"民生证券"、"保荐机构"）作为杭州福斯 达深冷装备股份有限公司（以下简称"福斯达"、"公司"）首次公开发行人民币普 通股（A 股）并上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《上海证 券交易所上市公司自律监管指引第 1 号——规范运作》及《上海证券交易所上市 公司自律监管指引第 11 号——持续督导》等有关规定，对福斯达 2024 年度募集 资金存放与实际使用情况进行了审慎核查，核查情况及核查意见如下： 一、募集资金基本情况 （一）募集资金金额和资金到账时间 经中国证券监督管理委员会《关于核准杭州福斯达深冷装备股份有限公司首 次公开发行股票的批复》（证监许可[2022]2959 号）核准，公司本次首次公开发 行股票数量为 4,000 万股，每股面值人民币 1.00 元，发行价格为每股人民币 18.65 元，募集资金总额为人民币 74,600.00 万元，扣除各项发行费用 8,710.59 万元（不 含增值税）后，实际募集资金净额为人民币 65,889.41 万元。立信会计师事 ...

杭州福斯达深冷装备股份有限公司 内部控制审计报告 2024 年度 否由具有执业许可的 您可使用手机"扫一扫"或进入"注册会计师行业绩—— 立信会计师事务所(特殊普通合伙) BDO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 内部控制审计报告 信会师报字[2025]第 ZF10208 号 杭州福斯达深冷装备股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了杭州福斯达深冷装备股份有限公司(以下简称"福 斯达深冷")2024年12月31日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定,建立健全和有效实施内部控制,并评 价其有效性是荣晟环保董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的 有效性发表审计意见,并对注意到的非财务报告内部控制的重大缺陷 进行披露。 我们认为,福斯达深冷于 2024年 12月 31 日按照《企业内部控 制基本规范》和相关规定在所有重大方面保持 ...