603173 Hangzhou Fortune Gas Cryogenic Group
- 26.75
- +0.35+1.33%
Hangzhou Fortune Gas Cryogenic Group News
Solid Earnings Reflect Hangzhou Fortune Gas Cryogenic Group's (SHSE:603173) Strength As A Business
Hangzhou Fortune Gas Cryogenic Group Co., Ltd.'s (SHSE:603173) strong earnings report was rewarded with a positive stock price move. We did some digging and found some further encouraging factors tha
Forstar (603173.SH) reported first-quarter results, net profit of 656.753 million yuan, an increase of 86.33% over the previous year
Forstar (603173.SH) released its report for the first quarter of 2024. The company achieved operating income of 3 during the reporting period...
Forstar (603173.SH): Plans to increase capital in wholly-owned subsidiary
Gelonghui, April 19 | Forstar (603173.SH) announced that the company plans to increase the capital of its wholly-owned subsidiary Hangzhou Foster New Energy Co., Ltd. with its own capital of 98 million yuan. After the capital increase, the registered capital will increase from 2 million yuan to 100 million yuan.
Forstar (603173.SH): Net profit of 191 million yuan in 2023 increased 34.67% year-on-year
On April 19, GLONGHUI (603173.SH) released its 2023 annual report, with operating revenue of 2.156 billion yuan, up 14.30% year on year, net profit of 191 million yuan, up 34.67% year on year, after deducting 170 million yuan in non-net profit, up 30.03% year on year, with basic earnings of 1.22 yuan per share. It is proposed to distribute a cash dividend of 0.37 yuan per share to all shareholders.
Will Weakness in Hangzhou Fortune Gas Cryogenic Group Co., Ltd.'s (SHSE:603173) Stock Prove Temporary Given Strong Fundamentals?
Hangzhou Fortune Gas Cryogenic Group (SHSE:603173) has had a rough three months with its share price down 18%. However, a closer look at its sound financials might cause you to think again. Given th
Forstar (603173.SH): Currently, the company's operations are not affected by oil prices
Gelonghui, April 8 | Forstar (603173.SH) said on the investor interactive platform that the company's products mainly include cryogenic equipment such as air separation equipment, liquefied natural gas units (LNG devices), tubular heat exchangers, chemical coolers, and cryogenic storage tanks. The main products are air separation equipment. Currently, the company's operations are not affected by oil prices.
Forstar (603173.SH): The company's main products are cryogenic equipment, which are not used in liquid cooling
Gelonghui, March 6 | Forstar (603173.SH) said on the investor interactive platform that the company's main products are cryogenic equipment and are not used in liquid cooling. Please pay attention to the company's announcements in designated information disclosure media for the company's future development plans.
Calculating The Intrinsic Value Of Hangzhou Fortune Gas Cryogenic Group Co., Ltd. (SHSE:603173)
Key Insights The projected fair value for Hangzhou Fortune Gas Cryogenic Group is CN¥20.43 based on 2 Stage Free Cash Flow to Equity Current share price of CN¥17.94 suggests Hangzhou Fortune Gas Cry
Forstar (603173.SH): The ban on 9.54 million restricted shares was lifted on January 30
On January 23, GLONGHUI (603173.SH) announced that the total number of shares in circulation in the company's current stock listing is 9.54 million shares. The stock listing and circulation date is January 30, 2024.
Fosda (603173.SH): In the future, it may try to extend the upstream and downstream of the industry appropriately
Gelonghui November 2: Some investors asked Fosda (603173.SH) on the investor interactive platform, “In addition to making separation equipment, does the company currently have other technical reserves, such as testing semiconductor specialty gases, hydrogen energy business, etc.” According to the company, the company's main products are cryogenic equipment such as air separation equipment, liquefied natural gas units, tubular heat exchangers, chemical freezers, and liquid storage tanks. In the future, the company may try to expand the upstream and downstream of the industry appropriately. Upstream, such as increasing the proportion of self-made core components, and downstream, such as industrial gas operations.
Forstar (603173.SH) released third-quarter results, net profit of 48.2396 million yuan, down 14.11% year on year
Forstar (603173.SH) released its report for the third quarter of 2023. The company's revenue was 554 million yuan,...
Forstar (603173.SH): New orders from January to August increased by about 24% year over year
GLONGHUI, September 26丨Fosda (603173.SH) announced that the company's production and operation situation was normal from January to August 2023. While continuing to strengthen and consolidate its market position in the field of large-scale air separation equipment, the company actively analyzed domestic and overseas market conditions, worked hard to obtain orders, and made every effort to advance the progress of the execution of the project. According to preliminary estimates, from January to August 2023, the company's new orders increased by about 24% year on year, and output value increased by about 45% year on year.
Forstar (603173.SH): Currently, around 700 employees are officially employed
GLONGHUI September 13丨An investor asked Forster (603173.SH): How many employees does the company currently have? Forstar replied: Currently, there are around 700 official employees.
Forstar (603173.SH): Overseas projects generally charge 10%-20% of the contract amount in advance after the contract is signed
GLONGHUI September 13th 丨 Some investors asked Forster (603173.SH): What is the company's project repayment cycle? Is there a guarantee fee? Fosda replied: Domestic projects generally charge 20%-30% of the contract amount in advance after the contract is signed, 30%-40% of the equipment payment upon delivery, 20%-30% of the commissioning fee after installation and commissioning is completed, and the remaining 5%-10% warranty. Overseas projects generally receive 10%-20% of the advance payment of the contract amount after the contract is signed, 20%-30% of the progress payment is charged according to the project node, and the remaining payment is generally collected before customs declaration and export.
Forstar (603173.SH): The number and salary of the company's sales staff have increased
GLONGHUI September 13th 丨 Some investors asked Forster (603173.SH) a question: What is the reason for the rapid increase in sales expenses in the company's 2023 semi-annual report? Forstar replies: Sales expenses include business promotion expenses, travel expenses, after-sales expenses, sales staff salaries, etc. Sales expenses are increasing rapidly. The main reason is the increase in after-sales expenses. As revenue increases, project warranty costs increase accordingly. In the first half of the year, the company's business promotion expenses increased, and the number and salary of the company's sales staff increased.
Forstar (603173.SH): The company currently has no major gas operation projects
GLONGHUI September 13th 丨 Some investors asked Forster (603173.SH) a question: How does the company consider gas operations? Forstar replied: The company currently has no major gas operation projects. We feel that gas operations require relatively high capital, and that the company needs to evaluate the benefits and risks of the investment project before making a decision.
Forstar (603173.SH): Cryogenic equipment is a customized non-standard product
GLONGHUI September 13th 丨 Some investors asked Forster (603173.SH): Where are the technical barriers to the company's products? Forstar replies: The cryogenic equipment industry spans many disciplines such as chemical engineering, distillation, refrigeration, chemical equipment, structural mechanics, fluid mechanics, and system control, and is a technology-intensive industry. In terms of product design, cryogenic equipment is a customized non-standard product. It is necessary to individually design the different technical requirements of customers and the natural environmental conditions of the place of use, and determine the final design plan of the product through computer simulation and other methods. The design requirements are high; in terms of product manufacturing technology,
Forstar (603173.SH): The company's downstream customers are mainly concentrated in the chemical and metallurgical industries
GLONGHUI September 13th 丨 Some investors asked Forster (603173.SH): What are the company's downstream customer industries? Fosda replied: The company's downstream customers are mainly in the chemical and metallurgical industries. Chemicals include petrochemicals, coal chemicals, fertilizers, etc. Metallurgy includes steel and non-ferrous metal smelting. The company's customers also include industries such as photovoltaics, lithium batteries, silicon materials, aerospace, and pharmaceuticals.
Forstar (603173.SH): Normally, the gross margin of large equipment will be slightly lower than that of small equipment
GLONGHUI September 13th 丨 Some investors asked Fosda (603173.SH): What is the difference in gross margin between the company's large equipment and small equipment? Forster replied: For companies, usually the gross margin of large equipment will be slightly lower than that of small equipment. Sometimes appropriate price concessions are made in order to have the performance of large equipment, but each project is a different situation and cannot be generalized.
Forstar (603173.SH): There is currently no consideration of building an overseas factory
GLONGHUI September 13th 丨 Some investors asked Fosda (603173.SH): The company's overseas projects have a high gross margin, are they considering building an overseas factory? Forstar replied: There is currently no consideration of building an overseas factory. We will have to look at what overseas markets are doing particularly well in the future.
Analysis
Price Target
No Data
