Core Insights - The company achieved significant growth in 2024, with operating revenue of 2.419 billion yuan, a year-on-year increase of 12.2%, and a net profit attributable to shareholders of 261 million yuan, up 36.63% [2][3] - In Q1 2025, the company reported operating revenue of 594 million yuan, a remarkable year-on-year growth of 69.04%, and a net profit of 116 million yuan, increasing by 76.26% [2][3] - The primary driver of this performance is the company's dual-market strategy, focusing on both domestic and international markets, with a notable expansion in overseas operations [1][2] Financial Performance - In 2024, the company's overseas revenue reached 946 million yuan, accounting for 39.09% of total revenue, with an overseas gross margin of 33.11%, significantly higher than the domestic gross margin of 17.10% [2][3] - The total gross profit from overseas operations was 313 million yuan, representing 55.38% of the company's total gross profit [2] Market Strategy - The company has customized solutions for different regions and clients, enhancing customer loyalty and satisfaction, which has increased client retention [2] - The company is responding to the "Belt and Road" initiative by expanding into traditional markets such as the Middle East, Southeast Asia, Japan, and South Korea [2] Domestic Market Response - The company is also actively addressing the increasingly competitive domestic market by enhancing brand awareness and focusing on high-end market segments [3] - The petrochemical industry is the largest segment of the company's domestic orders, benefiting from ongoing structural adjustments and new project developments in the industry [3] Technological Development - The company has accumulated significant technological expertise, supporting the trends of energy efficiency, large-scale, and modularization in deep cooling equipment [4][5] - The company has secured orders for large-scale air separation units and is advancing research on ultra-large air separation units and liquefied petroleum gas (LPG) units [5] Order Backlog and Production Capacity - The company has a robust order backlog, with approximately 4 billion yuan in orders for 2024, ensuring sustained performance [7] - The company operates four production bases, with the new "Hangzhou Bay Terminal Factory" enhancing delivery capabilities for large equipment due to its strategic location [7] Future Outlook - The company plans to continue focusing on deep cooling technology, enhancing product development and manufacturing capabilities, and strengthening partnerships with mid-to-high-end clients globally [7]

杭州福斯达深冷装备股份有限公司 首次公开发行股票招股说明书 杭州福斯达深冷装备股份有限公司 Hangzhou Fortune Gas Cryogenic Group Co., Ltd. （浙江省杭州市临平区杭州余杭经济技术开发区兴起路 398 号） 首次公开发行股票并上市 招股说明书 保荐机构（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 杭州福斯达深冷装备股份有限公司 首次公开发行股票招股说明书 本次发行概况 | 发行股票类型 | 股） 人民币普通股（A | | | | | | --- | --- | --- | --- | --- | --- | | 发行股数 | 本次公开发行新股数量为4,000万股，占发行后总股本的比例不低于 25%；本次发行均为新股，不涉及股东公开发售股份的情形。 | | | | | | 每股面值 | 1.00 元 每股发行价格 | | | | 18.65 元 | | 预计发行日期 | 年 月 拟上市证券交易所 2023 | 1 | 10 | 日 | 上海证券交易所 | | 发行后总股本 | 16,000 万股 | | | | | 本次发行前股东对所持股份的流通限制、自愿 ...