Core Viewpoint - The development of gas turbines is gaining attention as the energy structure transformation accelerates, with Fuan Machinery making significant breakthroughs in the small and medium-sized gas turbine sector [1] Industry Background - The core value of gas turbines lies in addressing the efficiency and flexibility of energy supply, with small and medium-sized units having inherent advantages in distributed energy scenarios [2] - The demand for distributed energy is surging in industrial parks, commercial complexes, and data centers, making traditional large gas turbines less suitable due to their high investment and long cycles [2] Company Strategy - Fuan Machinery focuses on the small and medium-sized gas turbine market (below 50MW) since its establishment in 2017, leveraging a localized approach of "introducing, digesting, and innovating" technology [2] - The company has developed two series of gas turbines, LGT-010 (10MW) and LGT-004 (4MW), with the 10MW model already in production, filling a gap in domestic R&D [2] Competitive Advantage - The company possesses unique technology in 8-ton heavy magnetic suspension bearings, breaking foreign monopolies and reducing operational costs significantly [3] - The use of regenerative heat technology allows for flexible adjustment of heating loads, catering to various distributed energy station needs [3] Collaborative Ecosystem - Fuan Machinery has established a joint venture with local capital in Leshan, Sichuan, to create a gas turbine manufacturing base, with a registered capital of 620 million yuan [4] - The joint venture aims to complement resources, share risks, and enhance market capabilities, focusing on local manufacturing to reduce logistics costs and improve service response [4][5] Growth Directions - The company plans to focus on three growth areas: technology breakthroughs, market expansion, and ecosystem construction [6] - Future technological advancements will emphasize heavy-duty and green applications, particularly in the localization of heavy magnetic suspension bearings [6] - Market expansion will target energy-demanding regions in China and deepen international cooperation, especially with Russia [6] Long-term Vision - The company aims to establish a complete ecosystem around the Leshan base, integrating R&D, manufacturing, and talent development to enhance its competitive position in the high-end equipment manufacturing sector [6][7]

Core Viewpoint - The development of gas turbines is gaining attention as the energy structure transformation accelerates, with Fuan Machinery focusing on the small and medium-sized gas turbine market below 50MW, achieving technological breakthroughs and industrialization [1] Industry Background - The core value of gas turbines lies in addressing the efficiency and flexibility of energy supply, with small and medium-sized units having inherent advantages in distributed energy scenarios [1] - The demand for distributed energy is surging in industrial parks, commercial complexes, and data centers, making traditional large gas turbines less suitable due to their high investment and long cycle [1] Technological Development - The company adopts a "introduce-digest-innovate" localization approach, forming a technology system of "Sino-Russian collaboration and integration of production and research" [2] - Fuan Machinery has independently developed two series of gas turbines, LGT-010 (10MW) and LGT-004 (4MW), with the 10MW model already in production and filling a domestic research gap [2] - The company possesses unique 8-ton heavy magnetic suspension bearing technology, breaking the foreign monopoly and reducing operational costs significantly [2] Strategic Partnerships - Fuan Machinery recently established a joint venture with local capital in Leshan, Sichuan, with a registered capital of 620 million yuan, aiming to create a gas turbine manufacturing base [3] - The investment logic focuses on resource complementarity, risk-sharing, and benefit-sharing, indicating a strategic rather than purely capacity expansion approach [3] Market Expansion - Leshan is positioned as a southwest energy hub with strong demand for distributed energy projects, allowing localized manufacturing to reduce logistics costs and enhance service response [3] - The joint venture will promote a complete "research-manufacturing-demonstration" chain, enhancing market operational capabilities [3] Growth Strategy - The company plans to focus on three growth directions: technological breakthroughs, market expansion, and ecosystem construction [4] - Future technological efforts will emphasize heavy-duty and green technologies, particularly the domestic application of heavy magnetic suspension bearings [4] - Market expansion will target regions with high demand for distributed energy, such as the Yangtze River Delta and Pearl River Delta, while also deepening international cooperation with Russia [5] Ecosystem Development - The company aims to build a gas turbine industrial park centered around the Leshan base, creating a complete ecosystem of "research-manufacturing-service-talent" [6] - Plans include establishing a power equipment research institute and introducing key equipment suppliers to form a comprehensive industrial chain [6] - The company intends to leverage local talent policies to attract skilled professionals and collaborate with universities to develop high-level gas turbine teams [6]

证券代码：603315 证券简称：福鞍股份 公告编号：2025-053 辽宁福鞍重工股份有限公司关于 董事及高级管理人员减持股份计划的公告 本公司董事会、全体董事及相关股东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： 董事及高级管理人员持股的基本情况 辽宁福鞍重工股份有限公司（以下简称"公司"）部分董事及高级管理人员 拟减持部分公司股份。截至本公告披露日，上述董事及高级管理人员持股基本情 况如下表： | 股东名称 | 股东身份 | 持股数量（股） | 持股比例 | 当前持股股份来源 | | --- | --- | --- | --- | --- | | 穆建华 | 董事 | 1,582,100 | 0.49% | IPO 前取得：7,100 股 资本公积转增股本方式取得：225,000 股 | | | | | | 股权激励取得：1,350,000 股 | | 韩跃海 | 董事 | 1,350,000 | 0.42% | 股权激励取得：1,350,000 股 | | 刘爱国 | 董事、高级管 理人员 | 300,000 | 0.09 ...

Group 1 - The company announced that its directors and senior management, including Mu Jianhua, Han Yuehai, Liu Aiguo, Yin Chenyang, Wu Di, and Yu Guangyu, collectively hold 3.7459 million shares, accounting for 1.17% of the total share capital [1] - These individuals plan to reduce their holdings through centralized bidding from October 15, 2025, to January 14, 2026, with a maximum reduction of 936,500 shares, which is up to 25% of their total holdings [1] - The specific reduction limits for each individual are as follows: Wu Di up to 53,450 shares, Mu Jianhua up to 395,500 shares, Han Yuehai up to 337,500 shares, Liu Aiguo up to 75,000 shares, Yin Chenyang up to 25,000 shares, and Yu Guangyu up to 50,000 shares [1]

Core Viewpoint - Fuaan Co., Ltd. is actively pursuing diversification by investing in new sectors such as gas turbine manufacturing, AI computing power leasing, and lithium battery materials, although the financial performance from these ventures has yet to show significant improvement [1][2][3] Group 1: Gas Turbine Manufacturing - Fuaan Co., Ltd. plans to establish a joint venture to create a gas turbine manufacturing base in Leshan, focusing on gas turbines below 50MW [1] - The company will invest approximately 320 million yuan, holding a 51.613% stake in the joint venture, while its partners will contribute 150 million yuan each for a 24.1935% stake [1] - The total registered capital for the joint venture is 620 million yuan, indicating strong confidence from all parties involved [1] Group 2: AI Computing Power Leasing - In May 2024, Fuaan Co., Ltd. announced plans to invest about 249 million yuan in an AI computing power leasing business through a joint venture with Shanghai Jitie Network Technology Co., Ltd. [2] - Fuaan Co., Ltd. will hold a 71% stake in the new venture, which will have a total investment of approximately 350 million yuan [2] Group 3: Lithium Battery Materials - Fuaan Co., Ltd. previously aimed to enter the lithium battery sector by planning a major asset restructuring to acquire 100% of Tianquan Fuaan Carbon Material Technology Co., Ltd. for 3.6 billion yuan [2] - This move reflects the company's strong interest and commitment to emerging industries [2] Group 4: Financial Performance - For the first half of 2025, Fuaan Co., Ltd. reported revenue of 579 million yuan, a year-on-year increase of 3.29%, but a net profit decline of 9.68% to 55.57 million yuan [2] - The performance indicates challenges in the company's transition to new business areas, with the impact of new ventures on overall performance still not fully realized [2][3]

Core Viewpoint - 福鞍股份 reported a revenue increase of 3.29% in the first half of 2025, despite a net profit decline of 10.01%, indicating challenges in the macroeconomic environment and industry competition [1][2] Group 1: Business Overview - 福鞍股份 operates in three main sectors: equipment manufacturing, environmental protection, and lithium battery anode materials [1] - The equipment manufacturing segment focuses on producing large cast steel components for thermal, hydro, and nuclear power equipment [1] - The environmental protection segment, managed by a subsidiary, provides flue gas treatment and energy management services [1] - The lithium battery anode materials segment is operated by a partially owned subsidiary, holding a 49% stake [1] Group 2: Financial Performance - In the first half of 2025, 福鞍股份 achieved a revenue of 579 million yuan, with a net profit of approximately 55.25 million yuan [1] - The company emphasized its focus on increasing market share and capitalizing on industry opportunities despite external uncertainties [1] Group 3: Market Strategy - 福鞍股份 is actively expanding into new market areas and enhancing its market research and sales channel diversity [2] - The company has participated in domestic and international industry exhibitions to strengthen its brand image and market presence [2] - A significant reduction in R&D expenses was noted, attributed to decreased stock incentive costs, which the company claims will not affect its competitiveness [2] Group 4: Subsidiary Developments - The subsidiary 四川瑞鞍 began production in May 2022 and is expected to contribute significantly to profits as capacity ramps up in 2024 [3] - 福鞍股份' subsidiary 福鞍燃机 is developing gas turbine products, with ongoing R&D for new models [3] - An investment agreement was signed to establish a joint venture for a gas turbine manufacturing base, enhancing production capabilities [3][4] Group 5: Long-term Strategy - The company's external investment decisions are aligned with long-term strategic goals, aiming to leverage industry advantages and enhance overall profitability and risk resilience [4]

Core Viewpoint - 福鞍股份 reported a revenue increase of 3.29% year-on-year for the first half of 2025, despite a net profit decline of 10.01%, indicating challenges in the macroeconomic environment and industry competition [1] Business Overview - 福鞍股份 operates in three main sectors: equipment manufacturing, environmental protection, and lithium battery anode materials [1] - The equipment manufacturing segment focuses on producing and selling large cast steel components for thermal, hydro, and nuclear power equipment [1] - The environmental protection segment, managed by a subsidiary, provides flue gas treatment and energy management services [1] - The lithium battery anode materials segment is operated by a partially owned subsidiary, with 福鞍股份 holding a 49% stake [1] Financial Performance - For the first half of 2025, 福鞍股份 achieved a revenue of 579 million yuan and a net profit of approximately 55.25 million yuan [1] - The company emphasized its commitment to core business operations and market share growth despite external uncertainties [1] Market Strategy - 福鞍股份 is actively expanding into new market areas and enhancing its market research and sales channel diversity [2] - The company has participated in domestic and international industry exhibitions to strengthen its brand image and market presence [2] - The reduction in R&D expenses is attributed to a significant decrease in stock incentive-related costs, which is not expected to impact the company's competitiveness [2] Project Updates - 福鞍股份 has completed 70% of its nuclear power product deliveries for 2025, with the remaining 30% expected to be delivered by the end of December [2] - The company has been involved in major hydropower projects, including the Three Gorges and Gezhouba hydropower stations, and is focusing on high-end casting markets [2] Subsidiary Developments - The subsidiary 四川瑞鞍 began production in May 2022 and is expected to contribute significantly to the company's profits as its capacity ramps up [3] - 福鞍股份' subsidiary 福鞍燃机 is developing gas turbine products, with ongoing R&D for 10MW and 4MW models [3] Investment Initiatives - 福鞍股份 plans to establish a joint venture with 乐山高新投 and 乐山股权基金 to create a gas turbine manufacturing base [3] - The investment agreement aims to develop a comprehensive gas turbine production facility, enhancing the company's capabilities in this sector [3][4] - The decision for external investment is aligned with the company's long-term strategic goals and is expected to improve profitability and risk resilience [4]

中证报中证网讯(王珞)福鞍股份（603315）9月8日晚公告称，子公司辽宁福鞍燃气轮机有限公司(简 称"辽宁燃机")与乐山高新投资发展(集团)有限公司(简称"乐山高新投")和乐山特色优势股权投资基金合 伙企业(有限合伙)(简称"乐山股权基金")，拟共同投资成立合资公司四川福鞍燃气轮机有限公司，主要 用于50MW以下燃气轮机的研发、生产、销售，打造乐山燃气轮机制造基地。 福鞍股份主营业务包括装备制造板块、环保板块及锂电池负极材料板块。其中，公司装备制造板块主要 从事重大技术装备配套大型铸钢件的生产和销售。近年来，福鞍股份在燃气轮机制造方面不断积累经 验，公司涉足50MW以下中小型燃气轮机的研发生产，服务于分布式能源市场，提供低成本、高收益的 核心动力设备和能源解决方案。 福鞍股份表示，本次拟进行的对外投资，是基于公司长远利益出发做出的慎重决策，是基于公司长期发 展战略需要，充分发挥各自产业优势和平台优势，在产业规划、产业运营、项目投资、技术创新、人才 培养、基金投资、资本运营等方面开展全方位合作，有助于进一步提升公司盈利能力及抗风险能力，实 现长远可持续发展。 重型燃气轮机作为发电和驱动领域的核心装备，对保障国 ...

证券代码：603315 证券简称：福鞍股份 公告编号：2025-051 辽宁福鞍重工股份有限公司 关于召开 2025 年第一次临时股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2025 年第一次临时股东会 召开的日期时间：2025 年 9 月 24 日 14 点 00 分 召开地点：公司四楼会议室 (五) 网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年9月24日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系 统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、 ...

Group 1 - The company, Fuan Co., Ltd. (603315), announced that it will hold its first extraordinary general meeting of shareholders on September 24, 2025 [1] - The agenda for the meeting includes the review of multiple proposals, including the proposal to sign a cooperation agreement [1]