FU-AN(SH:603315) Chang Jiang Shang Bao·2025-09-10 06:57Core 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]