Core Viewpoint - Fosda (603173.SH) has approved an investment plan for the "Fosda Marine Engineering and Equipment Intelligent Manufacturing Project" with a total investment of approximately 1 billion RMB [1] Group 1: Investment Details - The project will be located in the East Port Area of the Qidong Lusi Port Economic Development Zone, covering a total area of about 505 acres [1] - The company plans to establish a wholly-owned subsidiary for the project, along with a trading company and a port logistics operation company [1] - The project company will be responsible for bidding for the necessary industrial land and sea, as well as the investment, construction, and operation of the project [1] Group 2: Corporate Actions - The wholly-owned subsidiary project company has completed the business registration process and has recently obtained a business license issued by the Qidong Data Bureau [1]

证券代码：603173 证券简称：福斯达 公告编号：2025-048 二、本次对外投资进展情况 目前，全资子公司项目公司已完成工商注册登记手续，并于近日取得了启东 市数据局颁发的《营业执照》，具体信息如下： 杭州福斯达深冷装备股份有限公司 关于对外投资的进展公告 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法律责任。 一、对外投资基本情况 杭州福斯达深冷装备股份有限公司（以下简称"公司"）分别于 2025 年 10 月 13 日召开第四届董事会第六次会议、2025 年 10 月 30 日召开 2025 年第三次 临时股东会审议通过了《关于对外投资的议案》，同意公司在启东吕四港经济开 发区环抱式港池东港区投资"福斯达海洋工程与装备智能制造项目"（以下简称 "项目"），项目总投资约 10 亿元人民币(预估数，存在不确定性)，用地、用海 总面积约 505 亩，并拟在启东吕四港经济开发区注册成立全资子公司项目公司、 贸易公司和港务物流运营公司，项目公司负责参与项目所需工业用地、工业用海 的竞拍，并负责项目的投资建设及生产运营。具体内容详见公司 ...

Core Viewpoint - The company, Foxda (603173), is committed to deepening its focus on cryogenic technology, emphasizing its brand positioning of "German quality, Zhejiang enterprise style" while enhancing R&D investment and product quality [1] Group 1: Business Strategy - The company aims to strengthen its core competitiveness through increased R&D investment and improved product quality [1] - There is a focus on expanding market share through enhanced marketing and brand building efforts [1] - The company plans to promote vertical and horizontal expansion of its industrial chain to further increase business scale and profitability [1] Group 2: Investor Commitment - The company expresses its commitment to better return value to investors through improved profitability and business growth [1]

Group 1 - The company has gradually mastered the technology for the production of rare gases, including He, Ne, Kr, and Xe, with both crude and refined techniques [1] - Successful application projects have already been implemented using these technologies [1] Group 2 - An investor inquired whether the company's cryogenic devices could be used for helium production [2]

Core Viewpoint - The company has gradually mastered the production technology for rare gases, including He, Ne, Kr, and Xe, and has already implemented successful application projects [1] Group 1 - The company has developed both crude and refined production technologies for rare gases [1] - Successful application projects have been reported, indicating practical implementation of the technology [1]

Core Viewpoint - Foxda's stock price has shown significant volatility, with a year-to-date increase of 77.52%, but a recent decline of 20.46% over the past 20 trading days [1][2]. Company Overview - Foxda, established on July 4, 2000, is located in Hangzhou, Zhejiang Province, and specializes in the development, design, manufacturing, and sales of deep cooling technology and equipment [1]. - The company's main revenue sources are: air separation equipment (71.40%), natural gas processing and liquefaction devices (23.13%), and other sources (5.46%) [1]. Financial Performance - For the period from January to September 2025, Foxda reported a revenue of 2.141 billion yuan, representing a year-on-year growth of 29.45%, and a net profit attributable to shareholders of 345 million yuan, reflecting a growth of 66.11% [2]. - Since its A-share listing, Foxda has distributed a total of 161 million yuan in dividends [3]. Shareholder and Market Activity - As of September 30, 2025, Foxda had 12,800 shareholders, an increase of 34.71% from the previous period, with an average of 3,860 circulating shares per shareholder, down by 25.76% [2]. - The stock has seen significant trading activity, with a net inflow of 9.2587 million yuan from main funds and notable buying from large orders [1].

Group 1 - The board of directors guarantees the announcement's content is free from false records, misleading statements, or significant omissions, and assumes legal responsibility for its authenticity, accuracy, and completeness [1] - The shareholder meeting was held on October 30, 2025, at a specified location in Hangzhou, Zhejiang Province [1] - The meeting was convened by the board of directors and chaired by Mr. Ge Shuifu, with a combination of on-site and online voting methods, complying with the Company Law and relevant regulations [1][2] Group 2 - All 8 current directors attended the meeting, along with the board secretary and other key executives [1] - A non-cumulative voting proposal regarding external investment was approved during the meeting [1] - The legal witness for the meeting was Zhejiang Tian Ce Law Firm, with specific lawyers present to validate the proceedings [1]

Core Viewpoint - Fostar, established in July 2000 and listed on the Shanghai Stock Exchange in January 2023, is a leading company in the domestic air separation and LNG equipment sector, focusing on cryogenic technology with a reputation for "German quality" and "Zhejiang style" [1] Group 1: Business Performance - In Q3 2025, Fostar reported revenue of 2.141 billion yuan, ranking 16th in the industry, while the net profit was 345 million yuan, ranking 8th [2] - The industry leader, Zhongchuang Zhiling, achieved revenue of 30.745 billion yuan, and the second, Zhenhua Heavy Industry, reached 26.007 billion yuan, with the industry average revenue at 3.226 billion yuan [2] Group 2: Financial Ratios - Fostar's debt-to-asset ratio in Q3 2025 was 67.37%, slightly down from 67.79% year-on-year but still above the industry average of 46.18% [3] - The gross profit margin for Fostar in Q3 2025 was 27.34%, an increase from 24.33% year-on-year, slightly above the industry average of 26.77% [3] Group 3: Executive Compensation - The chairman, Ge Shuifu, received a salary of 937,900 yuan in 2024, an increase of 77,100 yuan from 2023 [4] - The general manager, Ge Haojun, earned 923,100 yuan in 2024, up by 144,900 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 34.71% to 12,800 [5] - The average number of circulating A-shares held per shareholder decreased by 25.76% to 3,860.66 [5] Group 5: Analyst Insights - Huachuang Securities highlighted Fostar as a top air separation equipment company, noting significant revenue and profit growth in H1 2025, with a projected revenue of 3.12 billion yuan in 2025 [6] - CITIC Securities emphasized Fostar's leadership in the air separation and LNG equipment sector, forecasting revenues of 3.006 billion yuan in Q2 2025, with a strong focus on both domestic and international markets [7]

Core Viewpoint - Foxda (603173) clarified its accounting practices regarding contract liabilities in response to investor inquiries, emphasizing the treatment of customer payments that do not meet revenue recognition criteria as contract liabilities [1] Group 1: Accounting Practices - The company recognizes received or receivable customer payments for goods or services as contract liabilities according to accounting revenue standards [1] - When the company receives prepayments from customers that do not meet revenue recognition conditions, these amounts are recorded under the "contract liabilities" category [1] - Depending on project type, contract terms, execution stage, and payment schedule, the proportion of contract liabilities may vary [1]

证券代码：603173 证券简称：福斯达 公告编号：2025-047 杭州福斯达深冷装备股份有限公司 2025年第三次临时股东会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 10 月 30 日 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 136 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 110,572,080 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 69.7983 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 二、 议案审议情况 本次会议由公司董事会召集，公司董事长葛水福先生主持本次会议。本次会 议采取现场与网络相结合的投票方式。会议召开及表决方式符合《公司法》及有 关法律法规的规定，会议合法有效。 (五)公司 ...