金宏气体专注于大宗气体、特种气体、现场制气及租金和燃气等多个业务领域 。财报披露，大宗气体业务占营业收入的44.55%，特种气体占33.07%，现场 制气及租金占13.47%，燃气占8.91% 。 在研发方面，公司在第三季度持续投入，当季研发支出达到2637万元，占营业收入的比例为3.68% 。公司表示，在技术创新和产品研发方面持续加大投入， 以增强市场竞争力 。 截至三季度末，公司总资产为78.58亿元，较上年度末增长16.1% ；归母净资产为31.18亿元，较上年度末增长1.8% 。公司前三季度经营现金流净额为2.9亿 元，同比微降2.9% 。 （校对/秋贤） （文/罗叶馨梅）10月30日，金宏气体（688106）公布2025年第三季度报告 。报告显示，公司在第三季度实现了营业收入的同比增长，但净利润承压。当季 公司实现营业收入7.17亿元，同比上升14.6% ；归母净利润为3377万元，同比下降33.0% 。 在盈利能力方面，公司第三季度的扣非归母净利润为3225万元，同比下降30.4% 。基本每股收益（EPS）为0.0701元 。 从前三季度的累计数据来看，公司营业收入为20.3亿元，同比上升9.3% ...

证券研究报告 | 公司点评报告 2025 年 10 月 31 日 金宏气体（688106.SH） 25Q3 业绩承压，现场制气业务持续推进 事件：公司发布 2025 年三季报，报告期内公司实现收入 20.31 亿元，同比增长 9.33%，归母净利润 1.16 亿元，同比下降 44.90%；其中三季度单季实现收入 7.17 亿元，同比增长 14.59%，归母净利润 0.34 亿元，同比下降 33.00%，环 比下降 11.60%，扣非归母净利润 0.32 亿元，同比下降 30.43%，环比增长 15.08%。 风险提示：主要原材料价格上涨、产品价格波动、行业竞争加剧的风险。 财务数据与估值 基础数据 | 总股本（百万股） | 482 | | --- | --- | | 已上市流通股（百万股） | 482 | | 总市值（十亿元） | 9.8 | | 流通市值（十亿元） | 9.8 | | 每股净资产（MRQ） | 6.5 | | ROE（TTM） | 3.4 | | 资产负债率 | 57.1% | | 主要股东 | 金向华 | | 主要股东持股比例 | 25.85% | 股价表现 /h，变更后测算合同金额约 % ...

格隆汇10月30日丨金宏气体(688106.SH)发布三季报，2025年前三季度实现营业总收入20.31亿元，同比 增长9.33%；归属母公司股东净利润1.16亿元，同比下降44.9%；基本每股收益为0.24元。 ...

公司主营气体的研发、生产、销售和服务，所属申万行业为电子 - 电子化学品Ⅱ - 电子化学品Ⅲ，涉及特 种气体、氢能源、碳中和核聚变、超导概念、核电等概念板块。 经营业绩：营收行业第9，净利润第14 2025年三季度，金宏气体营业收入为20.31亿元，在行业35家公司中排名第9。行业第一名西陇科学（维 权）营收53.24亿元，第二名国瓷材料营收32.84亿元，行业平均数为13.99亿元，中位数为10.69亿元。主营 业务构成中，大宗气体5.46亿元占比41.52%，特种气体4.16亿元占比31.64%，现场制气及租金1.71亿元占 比12.98%，燃气1.22亿元占比9.30%，其他(补充)5975.04万元占比4.55%。当期净利润为1.29亿元，行业排 名14/35，行业第一名安集科技净利润6.08亿元，第二名鼎龙股份净利润5.85亿元，行业平均数为1.55亿 元，中位数为9825.88万元。 资产负债率高于同业平均，毛利率低于同业平均 偿债能力方面，2025年三季度金宏气体资产负债率为57.07%，高于去年同期的51.02%，且高于行业平均 28.64%。从盈利能力看，当期毛利率为29.96%，低于去年同 ...

| 证券代码：688106 | 证券简称：金宏气体 | 公告编号：2025-053 | | --- | --- | --- | | 转债代码：118038 | 转债简称：金宏转债 | | 金宏气体股份有限公司 关于日常经营合同的进展公告 一、日常经营合同基本情况 2024 年 5 月 21 日，金宏气体股份有限公司（以下简称"公司"）通过控股 子公司金宏气体（上海）有限公司（以下简称"上海金宏"）与山东睿霖高分子 材料有限公司（以下简称"山东睿霖高分子"）签订了《供气合同》（以下简称 "原合同"），通过新建 1 套 23000Nm³/h 的空分装置及其附属设施，向对方供 应工业气体产品——氧气和氮气。根据合同测算，合同金额约为人民币 18.6 亿 元（不含税），具体以实际为准。具体内容详见公司于 2024 年 5 月 22 日在上海 证券交易所网站（www.sse.com.cn）披露的《金宏气体股份有限公司关于签订日 常经营合同的公告》（公告编号：2024-057）。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内 ...

金宏气体股份有限公司 2025 年第三季度报告 证券代码：688106 证券简称：金宏气体 金宏气体股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，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。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度（%） | | 变动幅度（%） | | 营业收入 | 717,017,324.95 | 14.59 | 2,030,958,763.69 | 9.33 ...

Market Overview - The electronic chemicals sector experienced a decline of 0.3% on October 28, with Siquan New Materials leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers in the electronic chemicals sector included: - Huate Gas (688268) with a closing price of 68.52, up 5.42% on a trading volume of 44,800 shares and a turnover of 297 million [1] - Jingrui Electric Materials (300655) closed at 18.25, up 4.23% with a trading volume of 3.09 million shares and a turnover of 56.791 million [1] - Conversely, Siquan New Materials (301489) saw a significant decline of 16.98%, closing at 203.30 with a trading volume of 138,900 shares and a turnover of 298.5 million [2] Capital Flow - The electronic chemicals sector experienced a net outflow of 1.446 billion in main funds, while retail investors saw a net inflow of 1.253 billion [2] - The capital flow for specific stocks showed: - Dinglong Co. (300054) had a main fund net inflow of 37.85 million, but retail investors had a net outflow of 22.91 million [3] - Huate Gas (688268) experienced a main fund net inflow of 8.2143 million, with retail investors seeing a net outflow of 8.6272 million [3]

Core Viewpoint - Jin Hong Gas experienced a stock price decline of 2.04% on October 23, 2023, with a current price of 19.67 CNY per share and a market capitalization of 9.48 billion CNY [1] Financial Performance - For the first half of 2025, Jin Hong Gas reported revenue of 1.314 billion CNY, representing a year-on-year growth of 6.65%, while net profit attributable to shareholders decreased by 48.65% to 82.2013 million CNY [2] - The company has distributed a total of 649 million CNY in dividends since its A-share listing, with 408 million CNY distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 3.64% to 17,000, while the average circulating shares per person decreased by 3.51% to 28,425 shares [2] - Among the top ten circulating shareholders, XINGQUAN Multi-Dimensional Value Mixed A (007449) is a new entrant with 3.3655 million shares, while the Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF (588200) has exited the top ten list [3] Stock Performance - Jin Hong Gas's stock price has increased by 16.31% year-to-date, with a recent decline of 4.84% over the last five trading days, a 5.98% increase over the last 20 days, and a 10.63% increase over the last 60 days [1]

Core Viewpoint - Jin Hong Gas (688106) has shown a net financing inflow of 36.22 million yuan on October 16, 2025, indicating positive investor sentiment and activity in the stock [1]. Financing Activity - On October 16, 2025, the financing buy-in was 35.6568 million yuan, while financing repayment was 35.2946 million yuan, resulting in a net buy of 36.22 million yuan [1]. - The financing balance reached 489 million yuan, with a net buy of 27.9548 million yuan over the last three trading days and 11 out of the last 20 trading days showing net financing inflows [1][4]. Margin Trading - On October 16, 2025, there was a short selling of 400 shares, with no shares being repaid, leading to a net short sell of 400 shares and a remaining short selling volume of 85,700 shares [2][3]. - The margin trading balance was 1.7718 million yuan on October 16, 2025, with 11 out of the last 20 trading days showing net short selling activity [2][3]. Margin Trading Balance - The total margin trading balance was 489 million yuan on October 16, 2025, reflecting a slight increase of 0.07% from the previous day [4]. - The margin trading balance had previously increased by 2.76% on October 15, 2025, and 3.12% on October 14, 2025, indicating a trend of increasing investor engagement [4].

Group 1 - The company is actively monitoring opportunities in controlled nuclear fusion and has successfully integrated some products into relevant projects [2] - As of October 14, the company confirmed it has provided low-temperature products for a high-temperature superconducting tokamak device project, with other products also being integrated [2]