603173 Hangzhou Fortune Gas Cryogenic Group
- 22.92
- +0.22+0.97%
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...
Southwest Securities released a research report on April 22 stating that it maintains the purchase rating of Forstar (603173.SH). The main reasons for the rating include: 1) the share of confirmed revenue from high-margin overseas projects increased to 42
Southwest Securities released a research report on April 22 stating that it maintains the purchase rating of Forstar (603173.SH). The main reasons for the rating include: 1) the share of confirmed revenue from high-margin overseas projects increased to 42%, with good cost control over the period; 2) high revenue growth in overseas markets drove the company's performance growth, and domestic sales were pressured by domestic project delivery; 3) the company's market development was smooth, new orders were sufficient, and the future of the company's development could be expected. (Mainichi Keizai Shimbun)
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.
Forstar (603173): Strong overseas business growth, increased company profitability
Incident: The company released its 2023 annual report. In 23, the company achieved revenue of 2.16 billion yuan, +14.3% year over year; net profit to mother was 190 million, +34.7% year over year, and achieved revenue of 650 million yuan in single Q4, +0.5% year over year.
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.
Express News | Forstar: The company's hydrogen purification equipment mainly separates chemical exhaust gas and purifies hydrogen
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,...
Fosda (603173): Performance is basically in line with expectations, Q3 gross margin is under short-term pressure
Event: The company released its three-quarter report for 2023. 2023Q1-Q3 achieved revenue of 1,502 million yuan, +18.1% year-on-year; net profit of 143 million yuan, +28.01% year-on-year. Looking at a single quarter, the Q3 campaign was realized
Hangzhou Fortune Gas Cryogenic Group Co., Ltd.'s (SHSE:603173) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Hangzhou Fortune Gas Cryogenic Group (SHSE:603173) has had a rough three months with its share price down 21%. But if you pay close attention, you might gather that its strong financials could mean
Forster (603173): Rapid growth in overseas business and sufficient number of new orders
Actively exploring new markets, full of new orders: The company issued the “Notice on Main Operating Data for January-August 2023” on September 27. The company obtained a total of 2,999 billion yuan (tax included) in new orders from January to August this year, compared with the previous year
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.
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