Group 1 - The company expects to achieve a net profit attributable to shareholders of the parent company between 225 million to 260 million yuan for the first half of 2025, representing an increase of 120.525 million to 155.525 million yuan compared to the same period last year, which is a year-on-year increase of 115.36% to 148.86% [1][2] - The net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, is expected to be between 222.5 million to 257.5 million yuan, an increase of 135.1039 million to 170.1039 million yuan compared to the same period last year, reflecting a year-on-year increase of 154.59% to 194.64% [1][2] - The significant increase in profit is attributed to the commissioning of the "annual production of 10 sets of large modular cryogenic chemical equipment green intelligent manufacturing construction project," which has optimized production capacity and ensured delivery capabilities, along with a steady increase in revenue from both domestic and international projects [2] Group 2 - The total profit for the same period last year was 118.6579 million yuan, with a net profit attributable to shareholders of the parent company of 104.475 million yuan, and a net profit after deducting non-recurring gains and losses of 87.3961 million yuan [2] - The company has seen an increase in interest income and foreign exchange gains compared to the previous year, while financial expenses have decreased, contributing to the increase in net profit [2]

[Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company expects significant growth in net profit attributable to shareholders and non-recurring net profit for the first half of 2025, with net profit ranging from **CNY 225 million to CNY 260 million**, an increase of **115.36% to 148.86%**, and non-recurring net profit from **CNY 222.5 million to CNY 257.5 million**, up **154.59% to 194.64%** 2025 H1 Performance Forecast | Metric | 2025 H1 Forecast | 2024 H1 | YoY Growth | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Parent Company Owners (CNY million)** | 225.00 - 260.00 | 104.475 | 115.36% - 148.86% | | **Net Profit Excluding Non-recurring Items (CNY million)** | 222.50 - 257.50 | 87.3961 | 154.59% - 194.64% | - The performance forecast data is a preliminary estimate by the financial department and has not been audited by a certified public accountant[4](index=4&type=chunk) [Review of Prior Period Performance](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) In the first half of 2024, the company achieved a net profit attributable to parent company owners of **CNY 104.475 million**, a net profit excluding non-recurring items of **CNY 87.3961 million**, and earnings per share of **CNY 0.65** 2024 H1 Key Financial Data | Metric | 2024 H1 Amount | | :--- | :--- | | Total Profit (CNY million) | 118.6579 | | Net Profit Attributable to Parent Company Owners (CNY million) | 104.4750 | | Net Profit Excluding Non-recurring Items (CNY million) | 87.3961 | | Earnings Per Share (CNY) | 0.65 | [Drivers of Performance Growth](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%A2%9E%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) Significant performance growth is primarily driven by increased capacity and large-scale equipment delivery capabilities from newly commissioned projects, particularly successful overseas project advancements leading to revenue growth and improved gross margin, alongside higher interest and exchange gains reducing financial expenses - The core driver is the commissioning of the 'Annual Production of 10 Sets of Large-scale Modular Cryogenic Chemical Equipment Green Intelligent Manufacturing Project,' which optimized and enhanced production capacity, ensured the delivery of large equipment, and promoted steady growth in operating revenue[6](index=6&type=chunk) - Ample orders on hand and steady progress in domestic and international projects, especially a higher proportion of overseas project deliveries, led to an overall improvement in the company's gross margin compared to the same period last year[6](index=6&type=chunk) - Financially, interest income and exchange gains increased year-on-year during the reporting period, reducing financial expenses and thus enhancing net profit[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company explicitly states that this performance forecast is a preliminary calculation by the financial department based on professional judgment and has not been audited by a certified public accountant, but the company believes there are no significant uncertainties affecting the accuracy of the forecast content - This performance forecast is a preliminary calculation by the company's financial department and has not been audited by a certified public accountant[7](index=7&type=chunk) - The company confirms there are no significant uncertainties affecting the accuracy of this performance forecast[7](index=7&type=chunk) [Other Explanations](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The company reminds investors that this forecast data is only a preliminary calculation, and the final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report, urging investors to be aware of investment risks - The final accurate financial data will be released in the company's officially disclosed 2025 semi-annual report, reminding investors to be aware of investment risks[8](index=8&type=chunk)

福斯达（603173）公告，预计2025年半年度实现归属于母公司所有者的净利润2.25亿元到2.6亿元，与上 年同期相比，将增加1.21亿元到1.56亿元，同比增加115.36%到148.86%。预计2025年半年度实现归属于 母公司所有者的扣除非经常性损益的净利润2.23亿元到2.58亿元，与上年同期相比，将增加1.35亿元到 1.7亿元，同比增加154.59%到194.64%。 ...

Group 1: Engineering Machinery - The engineering machinery industry is experiencing a cyclical recovery, with domestic demand showing signs of improvement and export growth driven by emerging markets such as Southeast Asia, Africa, and the Middle East [4][6] - Domestic engineering machinery demand is expected to continue its upward trend, supported by a peak in equipment replacement and increased investment in infrastructure projects, with local government bond issuance rising by 84% year-on-year in the first four months of 2025 [6] - The export value of engineering machinery reached USD 5.152 billion in April 2025, marking a year-on-year increase of 12.7%, with total exports from January to April amounting to USD 18.07 billion, up 9.01% year-on-year [6][8] Group 2: Semiconductor Equipment - The domestic semiconductor equipment industry is poised for expansion, with significant capital expenditure expected for 300mm wafer fabs in China, projected to exceed USD 100 billion from 2025 to 2027 [10][13] - The trend towards self-sufficiency in semiconductor equipment is accelerating, with low domestic localization rates in critical equipment categories, indicating substantial room for import substitution [11][13] - Investment opportunities are highlighted in companies such as Zhongwei Company, Northern Huachuang, and Quick Intelligent [13][25] Group 3: Industrial Mother Machines - The machine tool industry is on an upward cycle due to ongoing domestic substitution and increasing demand for high-end machine tools, with government policies supporting tax incentives and talent development [14][16] - Short-term performance improvements are anticipated as the industry enters a renewal phase [16] Group 4: Traditional Energy Equipment - The traditional energy equipment sector is benefiting from low oil inventories in the U.S. and the upcoming peak consumption season, which is expected to support rising oil prices [17][19] - Geopolitical factors, including U.S.-Iran negotiations and the Russia-Ukraine conflict, are influencing market dynamics [19] - Companies such as Nuwei Co., Xizhuang Co., and Jerry Co. are recommended for investment [19][25] Group 5: New Energy Equipment - The controlled nuclear fusion sector is witnessing increased capital expenditure and technological advancements, with a growing number of startups and active financing in the past five years [20][24] - Significant progress in nuclear fusion technology has been made, with multiple records achieved in plasma operation [24] - Investment opportunities include companies like Hezhuan Intelligent, Xizhuang Co., and Jingda Co. [24][25]

Core Viewpoint - The company Fosda has experienced significant growth in revenue and net profit in the first quarter of 2024, driven by the booming coal chemical industry, particularly in Xinjiang, which has favorable resources, policies, and economic conditions [1][2][3][4] Company Performance - In Q1 2024, Fosda reported a revenue of 594 million yuan, a year-on-year increase of 69.04%, and a non-net profit of 115.35%, indicating strong sales growth and improved profit margins [4] - The company distributed a cash dividend of 79.21 million yuan, accounting for 30.33% of the net profit attributable to shareholders, reflecting a balance between shareholder returns and future business expansion [3][4] Industry Trends - The coal chemical industry is gaining momentum, with a projected investment of 1,032.9 billion yuan by the end of 2024, translating to an average annual investment of 206.58 billion yuan over five years [2] - Xinjiang's coal production is expected to reach 54 million tons in 2024, a year-on-year increase of 17.5%, positioning it as a key contributor to China's coal supply and coal chemical development [1][2] Market Opportunities - The coal chemical sector, including coal-to-oil, coal-to-olefins, and coal-to-natural gas, is increasingly seen as a viable alternative to traditional oil and gas due to high international oil prices [2] - Fosda, as a manufacturer of cryogenic equipment essential for coal chemical processes, stands to benefit significantly from the growing demand for industrial equipment in this sector [1][3]

Core Points - The company announced a cash dividend of 0.50 CNY per share for the fiscal year 2024, approved at the annual shareholders' meeting on May 14, 2025 [2][3] - The total number of shares eligible for the dividend distribution is 158,416,500, resulting in a total cash dividend payout of 79,208,250 CNY [3][6] - The dividend distribution will exclude 1,583,500 shares held in the company's repurchase account [3][4] Distribution Plan - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration date [2][3] - The company will not issue additional shares or bonuses, focusing solely on cash dividends [4][6] Taxation Details - For individual shareholders holding unrestricted shares, no income tax will be withheld at the time of dividend distribution; tax will be calculated based on the holding period when shares are sold [8][9] - The effective tax rates for individual shareholders vary based on the holding period, with a maximum of 20% for shares held for one month or less [8][9] - For foreign institutional investors, a withholding tax of 10% will apply, resulting in a net cash dividend of 0.45 CNY per share after tax [10][11]

民生证券股份有限公司关于 杭州福斯达深冷装备股份有限公司差异化分红事项的核查意见 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《公司法》《证券法》《上市公司股份回购 规则》《上海证券交易所上市公司自律监管指引第 7 号 -- 回购股份》《上海证券 交易所上市公司自律监管指南第2号 -- 业务办理》等相关法律、法规及规范性 文件的规定,对公司 2024年度利润分配所涉及的差异化分红〈以下简称"本次 差异化分红")相关事项进行了审慎核查,并出具核查意见如下: 一、本次差异化分红的原因 公司于 2024年 9 月 13 日召开第三届董事会第十五次会议,审议通过了《关 于以集中竞价交易方式回购股份方案的议案》,同意公司以自有资金通过集中竞 价交易方式回购部分公司股份,并在未来适宜时机用于员工持股计划或股权激 励。本次回购股份的价格不超过人民币 23 元/股（含),回购股份资金总额不低 于人民币 1,500万元(含)且不超过人民币 3,000万元 (含)。回购期限为自公司 第三届董 ...

| 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/16 | － | 2025/6/17 | 2025/6/17 | 差异化分红送转： 是 证券代码：603173 证券简称：福斯达 公告编号：2025-028 杭州福斯达深冷装备股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.50元 相关日期 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 14 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东（不含公司回购专用证 券账户持有的 1,583,500 股股份）。 3. 差异化分红送转方案： （1）差异化分红方案 公司通过回购专用证 ...

Core Points - The company announced a cash dividend of 0.50 CNY per share for its A shares [1] - The dividend distribution plan was approved at the annual shareholders' meeting on May 14, 2025 [1] - The record date for the dividend is June 16, 2025, with the ex-dividend date and payment date both set for June 17, 2025 [1][2] Dividend Distribution Details - The total share capital of the company is 160 million shares, with 1,583,500 shares held in a repurchase account not participating in the dividend distribution [1] - The effective number of shares participating in the dividend distribution is 158,416,500 shares, leading to a virtual cash dividend of approximately 0.4951 CNY per share [2] - The ex-dividend reference price will be calculated based on the formula provided, adjusting for the cash dividend [1][2] Taxation Information - The company will not withhold income tax at the time of cash dividend distribution; tax will be calculated based on the holding period when shares are sold [5] - For individual shareholders holding shares for less than one month, the effective tax rate is 20%, while for those holding between one month and one year, the effective tax rate is 10% [5] - For foreign institutional investors, a 10% withholding tax applies, resulting in a net cash dividend of 0.45 CNY per share after tax [6]

民生证券股份有限公司关于 杭州福斯达深冷装备股份有限公司差异化分红事项的核查意见 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《公司法》《证券法》《上市公司股份回购 规则》《上海证券交易所上市公司自律监管指引第 7 号 -- 回购股份》《上海证券 交易所上市公司自律监管指南第2号 -- 业务办理》等相关法律、法规及规范性 文件的规定,对公司 2024年度利润分配所涉及的差异化分红〈以下简称"本次 差异化分红")相关事项进行了审慎核查,并出具核查意见如下: 一、本次差异化分红的原因 公司于 2024年 9 月 13 日召开第三届董事会第十五次会议,审议通过了《关 于以集中竞价交易方式回购股份方案的议案》,同意公司以自有资金通过集中竞 价交易方式回购部分公司股份,并在未来适宜时机用于员工持股计划或股权激 励。本次回购股份的价格不超过人民币 23 元/股（含),回购股份资金总额不低 于人民币 1,500万元(含)且不超过人民币 3,000万元 (含)。回购期限为自公司 第三届董 ...