《金基研》森海 /作者 杨起超 时风/编审 国内持续加大石油、天然气资源勘探开发力度，并通过"一带一路"与沿线国家开展油气合作。在此背景下，国内油气等能源装备行业市场规模不 断增长。 作为能源化工领域"小巨人"、国内电脱设备"隐形冠军"，长江三星能源科技股份有限公司（以下简称"长江能科"）重视研发创新，掌握了十项核 心技术，七项科技成果达国际先进或领先水平，多项产品获首台套及国家重点新产品认证。凭借优质的产品品质和服务，长江能科与国际巨头展 开竞争，产品在诸多标志性项目中成熟应用，积累了优质的客户资源，其核心产品电脱设备市场占有率位居国内首位。长江能科将于2025年7月28 日北交所首发上会，拟募集资金主要用于年产1,500吨重型特种材料设备及4,500吨海陆油气工程装备项目。该项目产品市场前景广阔，建成投产后 将进一步提升长江能科的市场占有率及盈利能力。 一、能源安全需求推动油气开发加码，能源化工装备行业市场规模稳增 作为一家专注于能源化工专用设备的设计、研发、制造和服务的企业，长江能科的主要产品包括电脱设备、分离设备、换热设备、存储设备、固 碳设备、氢能设备等能源化工专用设备以及助剂和技术服务，广泛应用于 ...

Core Insights - The third Chain Expo showcased 651 participating companies from 75 countries and regions, with foreign exhibitors accounting for 35% of the total, indicating an increase in international participation [1] - The event highlighted the importance of collaboration in the supply chain, with a focus on digitalization and sustainability, as well as the establishment of exhibitor alliances [1][5] - The presence of major global companies like Apple and Nvidia underscored the significance of China's supply chain in the global market [2][5] Group 1: Event Overview - The Chain Expo featured over 1200 companies engaged in industry chain cooperation, emphasizing the international character of the event [1] - The event included more than 70 specialized activities aimed at addressing specific business needs, showcasing innovations in supply chain technology [1] - The participation of foreign companies has increased, reflecting China's growing attractiveness as a destination for foreign investment [1][5] Group 2: Key Exhibitors and Innovations - Apple collaborated with suppliers like Sunwoda, Shandong Innovation, and Jieshida to showcase advancements in smart manufacturing and renewable energy [2] - Sunwoda presented its self-developed magnetic levitation conveyor line, achieving 100% domestic production [3] - Nvidia's participation marked its first at the Chain Expo, focusing on collaborative solutions across various sectors, including automotive and industrial digitalization [4] Group 3: Industry Perspectives - Industry experts noted that the joint participation of companies illustrates a symbiotic relationship within the supply chain, enhancing collaboration and efficiency [4] - The increasing presence of foreign exhibitors, particularly from Europe and the US, indicates that global companies view China as an essential partner in resource allocation [5] - Executives from companies like Cargill and Qualcomm emphasized the importance of collaboration and innovation in driving growth within the Chinese market [6] Group 4: Policy and Future Outlook - Chinese authorities are actively promoting policies to ensure the stability of global supply chains, including optimizing the business environment and expanding financing channels [7] - The Chain Expo aims to foster long-term cooperative relationships rather than focusing solely on immediate sales, highlighting the importance of sustained partnerships [7] - The event serves as a platform for enhancing global supply chain cooperation, with a vision of creating a win-win scenario for all participants [7]

Group 1: Overview of the Supply Chain Expo - The third China International Supply Chain Promotion Expo opened in Beijing, covering over 120,000 square meters with participation from over 650 global enterprises and institutions from 75 countries and regions, including a 35% share of foreign exhibitors and 60% of Fortune 500 companies [1] - The expo highlights the transformation of supply chains from simple linear models to complex ecological networks, emphasizing a shift from transactional relationships to collaborative partnerships among supply chain leaders and partners [1] Group 2: Innovations and Collaborations - Xinwanda showcased a magnetic levitation conveyor line that enhances production efficiency and product quality while achieving core technology localization [2] - Shandong Innovation Group, in collaboration with Apple, developed aluminum-plastic cleaning and separation equipment, contributing to the launch of the carbon-neutral Mac Mini [2][4] - Apple has invested $20 billion in smart and green manufacturing in China over the past five years, aiming to deepen cooperation with local suppliers and enhance innovation capabilities [4] Group 3: Siemens' Role in Global Supply Chains - Siemens operates in over 200 countries and regions, serving more than 400,000 customers, with a comprehensive ecosystem in China comprising 20 R&D centers and 24 manufacturing bases [5] - Siemens provides a full-spectrum solution for Chinese enterprises facing challenges in overseas expansion, including technology, strategy, funding, and information security [6] - The Xcelerator platform by Siemens has attracted over 450,000 registered users in China, enhancing collaboration across various sectors and improving supply chain resilience [7] Group 4: L'Oréal's Supply Chain Strategy - L'Oréal operates 32 beauty brands in China, supported by a logistics network that ensures 99% of consumers receive their packages within an average of 2.4 days [9][10] - The company collaborates with over 1,600 suppliers to create an efficient and intelligent supply chain ecosystem, emphasizing co-creation and innovation [12] - L'Oréal's "Big Bang Beauty Technology Co-Creation Program" has attracted over 2,000 innovative companies, resulting in more than 60 projects [12] Group 5: Digital Transformation in the Daily Chemical Industry - The Day Chemical Intelligence Cloud platform integrates resources across the entire industry chain, involving over 6,000 partners and 2,000 platform users [13] - The platform has achieved a transaction scale exceeding 6 billion yuan, demonstrating the multiplier effect of shared cooperation [15] - The dual empowerment mechanism is reshaping the value distribution landscape in the daily chemical industry, helping small and medium enterprises reduce procurement costs by an average of 8% and shorten order delivery cycles by 20% [15]

Core Points - Jiangsu Hanbon Technology Co., Ltd. has announced changes to its registered capital, company type, business scope, and governance structure, including the cancellation of the supervisory board and amendments to the Articles of Association [1][2][5] Capital and Company Type Changes - The registered capital of the company will increase from RMB 66 million to RMB 88 million following the initial public offering of 22 million shares [2][8] - The company type will change from "non-listed limited company" to "listed limited company" as it is now listed on the Sci-Tech Innovation Board [2][8] Business Scope Changes - The business scope will be updated to include the research, manufacturing, and sales of various chromatography columns and instruments, as well as special equipment and technology services [3][4][9] - The new business scope will also encompass the manufacturing and sales of mechanical equipment, biochemistry products, and software development [4][9] Governance Structure Changes - The supervisory board will be abolished, and its functions will be transferred to the audit committee of the board of directors [5][6] - The Articles of Association will be revised to reflect these changes, with specific amendments highlighted in the accompanying documents [5][6] New and Revised Governance Systems - The company will introduce and amend several governance systems to enhance operational standards and protect shareholder rights [6][7] - The revised Articles of Association and governance systems will be disclosed on the Shanghai Stock Exchange website [6][7]

Core Insights - Several companies in Henan and Shaanxi provinces have recently obtained a patent for a device and method for oil-gas separation used in helium refrigeration machines, with the patent granted on November 2024 [1][2]. Company Summaries - **Henan Zhongke Qingneng Technology Co., Ltd.**: Established in 2022 in Zhengzhou, primarily engaged in technology promotion and application services, with a registered capital of 150.012483 million RMB. The company has invested in 3 enterprises, participated in 9 bidding projects, holds 8 trademark registrations, and has 22 patents [1]. - **Zhongke Hydrogen Intelligence Technology (Henan) Co., Ltd.**: Founded in 2023 in Zhengzhou, focusing on technology promotion and application services, with a registered capital of 20 million RMB. The company has invested in 1 enterprise, participated in 1 bidding project, and holds 10 patents [1]. - **Henan Zhongke Qingneng Advanced Equipment Manufacturing Co., Ltd.**: Established in 2022 in Zhengzhou, primarily engaged in specialized equipment manufacturing, with a registered capital of 60 million RMB. The company has participated in 12 bidding projects, holds 6 patents, and has 18 administrative licenses [2]. - **Shaanxi Hydrogen Qiyuan Flow Technology Co., Ltd.**: Founded in 2023 in Xianyang, focusing on technology promotion and application services, with a registered capital of 20 million RMB. The company holds 6 patents [2]. - **Shenzhen Zhongke Qingshu Technology Co., Ltd.**: Established in 2022 in Shenzhen, primarily engaged in technology promotion and application services, with a registered capital of 10 million RMB. The company holds 7 patents and has 1 administrative license [2].

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]

Core Viewpoint - The company, Hangzhou Fostar Deep Cold Equipment Co., Ltd., has reported significant growth in its financial performance for the year 2024, with a notable increase in revenue and net profit, reflecting its strong position in the deep cold equipment industry. Financial Performance - The company achieved operating revenue of 2,418.88 million yuan, representing a year-on-year growth of 12.20% [20] - The net profit attributable to shareholders reached 261.16 million yuan, an increase of 36.63% compared to the previous year [20] - The net profit after deducting non-recurring gains and losses was 233.85 million yuan, up 36.13% year-on-year [20] Business Overview - The company specializes in deep cold technology, focusing on the development, design, manufacturing, and sales of deep cold equipment, providing comprehensive solutions for customers [12] - Deep cold technology is applied in various industries, including natural gas, coal chemical, petrochemical, metallurgy, nuclear power, aerospace, and semiconductor sectors [12] - The company’s main products include air separation equipment, LNG (liquefied natural gas) devices, chemical cold boxes, and low-temperature storage tanks [12] Market Opportunities - The deep cold equipment market is expected to grow due to ongoing structural adjustments in the petrochemical industry and the push for carbon neutrality, which will drive demand for energy-efficient production processes [9][10] - Government policies aimed at promoting equipment upgrades and technological transformations in key industries are anticipated to create new market opportunities for deep cold equipment [10] Shareholder Information - As of the reporting period, the company had a total of 160 million shares, with a proposed cash dividend of 0.50 yuan per share, amounting to a total distribution of approximately 79.21 million yuan [7] Fundraising and Financial Management - The company successfully raised 746 million yuan through its initial public offering, with a net amount of approximately 658.89 million yuan after deducting issuance costs [21] - The company has established a management system for the use of raised funds, ensuring compliance with relevant regulations and effective oversight [23] Future Outlook - The company aims to leverage its competitive advantages in the deep cold equipment sector to capitalize on emerging market demands and enhance its market position [11]

股票简称：福斯达 股票代码：603173 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 上市公告书 保荐人（主承销商） （中国（上海）自由贸易试验区浦明路 8 号） 二〇二三年一月二十日 第一节 重要声明与提示 本公司及全体董事、监事、高级管理人员保证上市公告书所披露信息的真 实、准确、完整，承诺上市公告书不存在虚假记载、误导性陈述或重大遗漏， 并承担个别和连带的法律责任。 证券交易所、其他政府机关对本公司股票上市及有关事项的意见，均不表 明对本公司的任何保证。 本公司提醒广大投资者注意，凡本上市公告书未涉及的有关内容，请投资 者查阅刊载于上海证券交易所网站（http://www.sse.com.cn）的本公司招股说明 书全文。 杭州福斯达深冷装备股份有限公司 上市公告书 特别提示 杭州福斯达深冷装备股份有限公司（以下简称"福斯达"、"发行人"、"公 司"或"本公司"）股票将于 2023 年 1 月 30 日在上海证券交易所上市。本公司 提醒投资者应 ...

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 ...

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 ...