Company Overview - The company introduced its development history, competitive advantages, and the layout of its four major business segments [2] - The strategic focus for 2025 includes enhancing core business, ensuring steady growth, and leveraging resources from the Shudao Group [2] Financial Performance - The company aims for continuous revenue growth, with a focus on "transformation, innovation, internal growth, and external expansion" [2] - The gross margin for 2024 is expected to improve due to comprehensive cost control measures, optimizing cost structure, and enhancing operational efficiency [3] - New signed contracts from 2021 to 2024 were approximately CNY 245 million, CNY 899 million, CNY 1.003 billion, and CNY 1.335 billion respectively, indicating a significant increase in order volume [4] Business Development - The company provides extraction and storage equipment for various gases, including helium and nitrogen, based on its expertise in cryogenic technology [4] - Recent projects, such as the Inner Mongolia Yahui Helium Project and Shuneng Mabei Nitrogen Project, have contributed to new growth momentum [4] - As of the end of 2024, the company and its subsidiaries hold 132 authorized patents, including 40 invention patents and 92 utility model patents [4] Joint Ventures and Collaborations - A joint venture with Shudao Group and Toyota was approved on April 14, 2025, to establish a fuel cell stack production line in Chengdu [5][6] - The project aims to integrate the supply chain for hydrogen energy technology and promote local production and commercialization [6] Hydrogen Energy Initiatives - The company is actively developing liquid hydrogen locomotive technology and collaborating with leading industry players [7] - A research plan is being formulated for the design and production of liquid hydrogen devices and onboard storage tanks [7] Compliance and Communication - The company adheres to information disclosure regulations, ensuring that all communications with investors are accurate, complete, and timely [7]

Group 1: Company Overview - The company introduced its development history, competitive advantages, and the layout of its four major business segments [1] - The strategic transformation focuses on "focusing on transformation, innovation-driven, internal growth and external mergers, and collaborative development" [1] Group 2: Business Strategy - The company aims to leverage the advantages of the Shudao Group's resources and technological innovation to implement national strategies such as "carbon peak and carbon neutrality," "transportation power," and "Belt and Road Initiative" [1] - The four main business segments include deep cold technology equipment manufacturing, gas investment operations, clean energy investment operations, and transportation service equipment manufacturing [1] Group 3: International Operations - The company's overseas business is primarily concentrated in key regions along the "Belt and Road," including Southeast Asia, Central Asia, and Central Africa [2] - The company is actively expanding its market in these regions to provide high-quality products and services [2] Group 4: Technology Development - Current R&D focuses on improving existing technology solutions and promoting the transformation of LNG equipment and air separation devices towards "large-scale, intelligent, service-oriented, and international" [2] - The company is also enhancing its capabilities in developing specialized high-purity gases for high-end manufacturing [2] Group 5: Hydrogen Power Development - The company has initiated collaborations with leading enterprises in the hydrogen energy locomotive sector and is developing a research plan for liquid hydrogen storage and related devices [2] Group 6: Financial Performance - As of the end of 2024, the company signed new contracts worth approximately 1.071 billion yuan in the deep cold technology equipment manufacturing sector, primarily for natural gas liquefaction systems and large air separation devices [2] Group 7: Market Value Management - The company emphasizes market value management and will take proactive measures to enhance it, ensuring timely information disclosure regarding significant matters [2]

Core Viewpoint - The company, Shudao Equipment, is actively engaging with investors and has outlined its strategic transformation and growth plans, including a joint venture with Toyota and significant contract signings for 2024 [1][4][5]. Group 1: Company Overview - Shudao Equipment held an investor meeting on May 9, 2025, attended by seven institutions, including Caitong Securities and Honghua Investment [1]. - The company discussed the reasons for profit growth in 2024, its development history, competitive advantages, and the acceleration of its strategic transformation across four business segments [3]. Group 2: Joint Venture and Strategic Initiatives - The company has established a joint venture with Shudao Group and Toyota to set up a fuel cell stack production line and assembly line in Chengdu, leveraging each party's resources and technology [4]. - The project is currently undergoing regulatory approval for business concentration [4]. Group 3: Contract and Revenue Details - In 2024, the company signed new contracts totaling 1.335 billion yuan, with approximately 1.071 billion yuan from cryogenic technology equipment manufacturing [5]. - The contracts include products such as natural gas liquefaction systems, special gas separation and purification devices, and LNG storage tanks [5]. Group 4: Research and Development - The company invested 31.5831 million yuan in R&D in 2024, resulting in 22 new patent authorizations, bringing the total to 132 patents by the end of the year [6]. - Notable patents include inventions related to hydrogen production and LNG refueling systems [6][7]. Group 5: Business Operations and Product Offerings - Shudao Equipment specializes in providing liquefaction and separation technology for gases, including helium and nitrogen, to meet diverse customer needs [7]. - The company has successfully launched its self-developed 7000-grade liquid air separation device in an overseas project [7]. Group 6: Profit Distribution and Acquisitions - The profit distribution plan for 2024 includes a cash dividend of 0.50 yuan per 10 shares and a capital reserve increase of 4 shares for every 10 shares held, to be implemented within two months post-shareholder meeting [7]. - The acquisition of Keyi Gas Company is in progress, with the company aiming to acquire a 65.43% stake [7].

Core Viewpoint - In 2024, Shudao Equipment achieved a record high operating revenue of 862 million yuan, representing a year-on-year growth of 28.90%, with a two-year average compound growth rate of 90% [1][2] Group 1: Financial Performance - The company reported a significant improvement in profitability, with a gross margin reaching its best level since 2019 and a net profit attributable to shareholders exceeding 72 million yuan, also a historical high [1] - The company aims to maintain steady growth in operating performance by focusing on its core business and expanding sustainably [2] Group 2: Business Expansion and Strategy - Shudao Equipment is recognized as a national "specialized, refined, distinctive, and innovative" small giant enterprise, with business expansion closely aligned with its core cryogenic technology [1] - The company is actively pursuing overseas market opportunities, particularly in Southeast Asia, Central Asia, and Central Africa, in line with the Belt and Road Initiative [2] - Recent successful projects include the completion of a 7000 liquid air separation project in Indonesia and the export of a 3000 cubic meter storage tank and vaporizer to Nigeria, enhancing the company's international competitiveness [2] Group 3: Collaboration and Innovation - The collaboration with Toyota on hydrogen fuel cell projects focuses on technology research and market expansion, aiming for resource integration to achieve technological breakthroughs and market share growth [1] - The company plans to continue leveraging its technological innovation capabilities and the resources of Shudao Group to support major national development strategies, including carbon neutrality and the construction of the Chengdu-Chongqing economic circle [2]

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摘要 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 招股说明书摘要 （中国（上海）自由贸易试验区浦明路 8 号） 1-2-1 保荐机构（主承销商） 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摘要 重要声明 本招股说明书摘要的目的仅为向公众提供有关本次发行的简要情况，并不包 括招股说明书全文的各部分内容。招股说明书全文同时刊载于中国证监会指定官 网。投资者在做出认购决定之前，应仔细阅读招股说明书全文，并以其作为投资 决定的依据。 发行人及全体董事、监事、高级管理人员承诺招股说明书及其摘要不存在虚 假记载、误导性陈述或重大遗漏，并对招股说明书及其摘要的真实性、准确性、 完整性承担个别和连带的法律责任。 公司负责人和主管会计工作的负责人、会计机构负责人保证招股说明书及其 摘要中财务会计资料真实、完整。 保荐人承诺因其为发行人首次公开发行股票制作、出具的文件有虚假记载、 误导性陈 ...