Core Viewpoint - The announcement details the upcoming listing and circulation of restricted shares for Hangzhou Fostar Cryogenic Equipment Co., Ltd., with a total of 110,460,000 shares set to be released on January 30, 2026 [1][2]. Group 1: Stock Listing Details - The stock type for this listing is the initial public offering (IPO) shares, with a total of 110,460,000 shares being listed for circulation [1]. - The total number of shares after the IPO is 160,000,000, with 120,000,000 shares being restricted, representing 75% of the total share capital [1]. - The restricted shares being released represent 69.04% of the current total share capital [2]. Group 2: Shareholder Commitments - The controlling shareholder, Hangzhou Fostar Holdings Co., Ltd., commits to not transferring or managing the shares held prior to the IPO for 36 months [3][5]. - If the stock price falls below the issue price for 20 consecutive trading days within six months post-listing, the lock-up period will automatically extend by six months [3][5]. - Other shareholders, including the actual controllers and their relatives, have made similar commitments regarding the non-transfer of shares for 36 months and adherence to relevant regulations [5][7][8]. Group 3: Company Financial Integrity - As of the announcement date, there are no instances of fund occupation by the controlling shareholder or related parties [9]. - The underwriting institution, Guolian Minsheng Securities, confirms that the listing of restricted shares complies with relevant laws and regulations [11].

Group 1 - The company Fostda announced that approximately 110 million restricted shares will be unlocked and listed for trading on January 30, 2026, representing 69.04% of the company's total share capital [1]

本次股票上市流通日期为2026 年 1 月 30 日。 证券代码：603173 证券简称：福斯达 公告编号：2026-001 杭州福斯达深冷装备股份有限公司 关于首次公开发行部分限售股上市流通公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为 首发 股份；股票认购方式为 网下 ，上市股数为 110,460,000股。 本次股票上市流通总数为110,460,000股。 一、本次限售股上市类型 经中国证券监督管理委员会于 2022 年 11 月 22 日出具的《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，杭州福斯达深冷装备股份有限公司（以下简称"公司"、"福斯达"）首次 向社会公开发行人民币普通股（A 股）股票 40,000,000 股，并于 2023 年 1 月 30 日在上海证券交易所上市。公司首次公开发行前总股本为 120,000,000 股，首次 公开发行后总股本为 160,000,000 股，其中有限售条件流通股 1 ...

本次上市流通的限售股均为公司首次公开发行限售股，涉及 6 名股东共计持 有 11,046 万股，占公司总股本的 69.04%，该部分限售股锁定期为自公司股票上 市之日起 36 个月，将于 2026 年 1 月 30 日起上市流通。 国联民生证券承销保荐有限公司 关于杭州福斯达深冷装备股份有限公司 首次公开发行部分限售股上市流通的核查意见 国联民生证券承销保荐有限公司（以下简称"国联民生承销保荐"或"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"或"公司"） 的保荐机构，根据《中华人民共和国证券法》《证券发行上市保荐业务管理办法》 《上海证券交易所上市公司自律监管指引第 11 号——持续督导》及《上海证券 交易所股票上市规则》等相关法律法规及规范性文件的规定，对福斯达本次首次 公开发行部分限售股上市流通的事项进行了认真核查，核查情况如下： 一、本次限售股上市类型 根据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），福斯达首次公开发 行人民币普通股（A 股）4,000 万股，每股面值人民币 1.00 元，发行价格为 ...

Investment Rating - The report assigns an "Accumulate" rating for the industrial gas industry [1]. Core Insights - The average price of liquid argon continues to show a year-on-year increase, while rare gases are experiencing low-level fluctuations in weekly prices. Notable events include the opening of Qidong Jinhong and Nanda Optoelectronics' plan to increase its stake in its Ulanqab subsidiary to enhance its electronic specialty gas business [2][4]. Summary by Sections Price Trends - Liquid argon has an average price of 1191 RMB/ton, reflecting a 1.43% decrease week-on-week but a significant 113.84% increase year-on-year. Other gases show varied trends: - Liquid oxygen: 335 RMB/ton, down 3.18% week-on-week, down 8.7% year-on-year - Liquid nitrogen: 363 RMB/ton, down 1% week-on-week, down 5% year-on-year - Rare gases such as high-purity helium and xenon also show declines in price [4][5]. Production Capacity - The average operating load rate for China's industrial gas sector is reported at 66.73%, which is a decrease of 1.88 percentage points week-on-week [6]. Key Events - The opening ceremony of Qidong Jinhong took place on January 10, 2026, aimed at providing high-quality gas products and solutions for key industries in the region. Additionally, Nanda Optoelectronics plans to invest 77.6 million RMB to acquire an additional 16.17% stake in its Ulanqab subsidiary, increasing its ownership to 91.05% [4][5]. Recommended Stocks - The report recommends stocks such as Hangyang Co., Ltd. and Shaangu Power, with related stocks including Zhengfan Technology, Fostar, and Zhongtai Co., Ltd. [4].

Core Viewpoint - Fostar (603173.SH) has developed cryogenic technology equipment capable of producing and storing industrial gases such as oxygen and nitrogen for aerospace applications, with current revenue contribution from this segment being relatively small [1] Group 1 - The company has successfully applied its cryogenic technology in the aerospace sector [1] - The revenue from the aerospace-related products is currently a minor part of the company's overall income [1] - Investors are advised to be aware of potential investment risks associated with this segment [1]

Core Viewpoint - Foxda (603173.SH) has the capability to produce and store industrial gases such as oxygen and nitrogen for aerospace applications, with these products already being utilized in the aerospace sector [1] Group 1 - The deep cold technology equipment developed by the company is specifically designed for the aerospace industry [1] - The revenue contribution from this segment is currently relatively small within the company's overall income [1] - Investors are advised to be aware of the associated investment risks and to make rational decisions [1]

Group 1 - The company approved the use of up to RMB 300 million of temporarily idle raised funds for cash management, investing in low-risk, high-liquidity financial products [1] - The investment period for the cash management products is set for 12 months from the date of approval by the shareholders' meeting [1] - The company disclosed the details of this decision on March 1, 2023, on the Shanghai Stock Exchange website [1] Group 2 - The company has completed the redemption of all cash management products purchased through a dedicated settlement account at a local bank [2] - The funds from the dedicated settlement account have been transferred back to the special account for raised funds [2] - The company has initiated the cancellation of the dedicated settlement account as it is no longer in use [2]

证券日报网讯 12月4日晚间，福斯达发布公告称，公司于2023年3月16日召开的2023年第一次临时股东 大会，审议通过《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意使用不超过人民币3亿 元暂时闲置募集资金进行现金管理，使用期限为自股东大会审议通过之日起12个月。公司在浙江杭州余 杭农村商业银行股份有限公司临平支行开立了募集资金现金管理专用账户。截至本公告披露日，公司通 过该募集资金现金管理专用结算账户购买的现金管理产品已全部到期赎回，专用结算账户内资金已转回 募集资金专项账户，并于近日办理完毕以上专用结算账户的注销手续。 （文章来源：证券日报） ...

杭州福斯达深冷装备股份有限公司（以下简称"公司"）于 2023 年 2 月 28 日召开第三届董事会第六次会议及第三届监事会第五次会议，并于 2023 年 3 月 16 日召开 2023 年第一次临时股东大会，公司审议通过了《关于使用部分暂时闲 置募集资金进行现金管理的议案》，同意在不影响公司经营资金需求和保障资金 安全的情况下，使用不超过人民币 3 亿元暂时闲置募集资金进行现金管理，投资 于安全性高、流动性好的各类保本型现金管理产品，包括但不限于结构性存款、 协定存款、通知存款、定期存款、大额存单、收益凭证等，使用期限为自 2023 年第一次临时股东大会审议通过之日起 12 个月。在上述额度和使用期限内，资 金可循环滚动使用。具体内容详见公司于 2023 年 3 月 1 日于上海证券交易所网 站（www.sse.com.cn）披露的《关于使用部分暂时闲置募集资金进行现金管理的 公告》（公告编号：2023-006）。 二、注销募集资金现金管理产品专用结算账户的情况 公司在浙江杭州余杭农村商业银行股份有限公司临平支行开立了募集资金 现金管理专用账户。截至本公告披露日，公司通过该募集资金现金管理专用结算 账户购买 ...