FU-AN(SH:603315) Zheng Quan Shi Bao Wang·2025-09-08 11:37Core Viewpoint - The company, Fuan Co., Ltd., is entering into a joint venture to establish a gas turbine manufacturing base in Leshan High-tech Zone, with a total investment of 620 million yuan [1][2]. Group 1: Joint Venture Details - The joint venture will be named "Sichuan Fuan Gas Turbine Co., Ltd." and will focus on manufacturing gas turbine components, assembly, and testing [1]. - The registered capital of the joint venture is 620 million yuan, with Fuan Co. holding a 51.61% stake through a combination of cash, physical assets, and technology [2]. - The investment agreement includes a buyback clause, which will require the company to recognize a financial liability of 300 million yuan on its balance sheet [2]. Group 2: Performance Commitments - Fuan Co. commits to achieving sales of at least 25 gas turbine units and an audited cumulative net profit of no less than 80 million yuan within a specified timeframe [3]. - If these targets are not met, the investors have the right to require the company to buy back their shares at a price determined by either the sale volume or profit shortfall [3]. Group 3: Strategic Collaboration - The partnership aims to leverage the strengths of each party in areas such as industry planning, project investment, and technological innovation [2]. - The collaboration is expected to provide robust support and efficient services for the company's industrial investments in Leshan [2].