| 证券代码：688106 | 证券简称：金宏气体 | 公告编号：2025-063 | | --- | --- | --- | | 转债代码：118038 | 转债简称：金宏转债 | | 金宏气体股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 11 月 24 日 （二） 股东会召开的地点：苏州市相城区黄埭镇潘阳工业园安民路 6 号 VIP 会 议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 143 | | --- | --- | | 普通股股东人数 | 143 | | 2、出席会议的股东所持有的表决权数量 | 231,513,282 | | 普通股股东所持有表决权数量 | 231,513,282 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | ...

| 证券代码：688106 | 证券简称：金宏气体 | 公告编号：2025-062 | | --- | --- | --- | | 转债代码：118038 | 转债简称：金宏转债 | | 金宏气体股份有限公司 "金宏转债"2025 年第一次债券持有人会议决议公告 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： 本次会议是否有被否决议案：无 2、董事会秘书列席会议； 3、公司高管均列席会议。 根据《金宏气体股份有限公司向不特定对象发行可转换公司债券募集说明 书》（以下简称"《募集说明书》"）及《苏州金宏气体股份有限公司可转换公司 债券持有人会议规则》（以下简称"《会议规则》"）的规定，债券持有人会议作 出的决议，须经出席会议的二分之一以上未偿还债券面值的债券持有人（或债券持 有人代理人）同意方为有效。 债券持有人会议根据《会议规则》审议通过的决议，对全体债券持有人（包 括所有出席会议、未出席会议、反对决议或放弃投票权的债券持有人以及在相关决 议通过后受让本期可转债的持有人）均有同等约束力。 一、会议召开和出席 ...

2025 年第二次临时股东会的 法律意见书 益友天元律师事务所 Y & T L A W Y E R S 江苏益友天元律师事务所 关于金宏气体股份有限公司 地址:苏州市工业园区月亮湾路 15 号中新大厦 7 楼 邮编: 215123 电话: 0512-68240861 传真: 0512-68253379 二〇二五年十一月 法 律 意 见 书 江苏益友天元律师事务所 关于金宏气体股份有限公司 2025年第二次临时股东会的法律意见书 益友证金宏字(2025)第4号 致: 金宏气体股份有限公司 江苏益友天元律师事务所（下称"本所"）接受金宏气体股份有限公司（下称"公 司"）的委托,指派卜浩、蔡蕲律师(下称"本所律师")出席了公司2025年第二次临 时股东会（下称"本次股东会"），对本次股东会进行见证并发表法律意见。 为出具本法律意见书,本所律师审查了公司本次股东会的有关文件和材料,并得到 公司如下保证:公司向本所提供的用于出具本法律意见书所必需的原始书面材料、副本 材料、电子文档或口头陈述真实、完整、有效,不存在虚假陈述、重大遗漏或隐瞒，所 有副本材料与复印件均与原件一致。 本法律意见书仅供本次股东会之目的使用,未经 ...

Core Points - Jin Hong Gas's stock price decreased by 2.01% on November 18, trading at 19.99 CNY per share with a market capitalization of 9.635 billion CNY [1] - The company has seen an 18.21% increase in stock price year-to-date, but a decline of 8.89% over the last five trading days [1] - Jin Hong Gas reported a revenue of 2.031 billion CNY for the first nine months of 2025, a year-on-year increase of 9.33%, while net profit decreased by 44.90% to 116 million CNY [2] Financial Performance - The company has a total market capitalization of 9.635 billion CNY and a trading volume of 98.067 million CNY on November 18 [1] - The revenue composition includes bulk gases (41.52%), specialty gases (31.64%), on-site gas production and rental (12.98%), gas (9.30%), and others (4.55%) [1] - Cumulative cash dividends since the A-share listing amount to 649 million CNY, with 408 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 21.85% to 20,700, with an average of 23,327 circulating shares per shareholder, down by 17.93% [2] - Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 5.0744 million shares as a new shareholder [3] - The tenth-largest circulating shareholder is Xingquan Multi-Dimensional Value Mixed A, holding 3.3655 million shares, unchanged from the previous period [3]

Market Overview - The small home appliance sector experienced a decline of 1.01% on November 17, with ST Dehao leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers in the small appliance sector included: - Lek Electric (603355) with a closing price of 29.09, up 2.68% on a trading volume of 57,000 shares and a turnover of 163 million yuan [1] - Supor (002032) closed at 49.81, up 1.14% with a trading volume of 28,400 shares and a turnover of 141 million yuan [1] - Other stocks showed mixed performance, with some experiencing slight declines, such as: - Kewo (603486) closed at 80.50, down 1.01% on a trading volume of 33,800 shares and a turnover of 272 million yuan [1] Capital Flow - The small home appliance sector saw a net outflow of 148 million yuan from institutional investors, while retail investors had a net inflow of 170 million yuan [2] - The capital flow for specific stocks indicated: - Supor (002032) had a net outflow of 43.21 million yuan from institutional investors [3] - Stone Technology (688169) recorded a net inflow of 15.83 million yuan from institutional investors [3]

金宏气体股份有限公司 "金宏转债"2025 年第一次债券持有人会议资料 证券代码：688106 证券简称：金宏气体 转债代码：118038 转债简称：金宏转债 金宏气体股份有限公司 "金宏转债"2025 年第一次 债券持有人会议资料 2025 年 11 月 金宏气体股份有限公司 "金宏转债"2025 年第一次债券持有人会议资料 目 录 金宏气体股份有限公司"金宏转债"2025 年第一次债券持有人会议须知………1 金宏气体股份有限公司"金宏转债"2025 年第一次债券持有人会议议程………4 议案一：关于变更募集资金投资项目投资规模并结项暨使用节余募集资金向控股 孙公司借款以实施在建项目的议案…………………………………………………5 金宏气体股份有限公司 "金宏转债"2025 年第一次债券持有人会议资料 金宏气体股份有限公司 "金宏转债"2025 年第一次债券持有人会议须知 为了维护全体债券持有人的合法权益，确保债券持有人会议的正常秩序和议 事效率，保证会议的顺利进行，根据《中华人民共和国公司法》《中华人民共和 国证券法》以及《金宏气体股份有限公司章程》（以下简称"《公司章程》"）《苏 州金宏气体股份有限公司可转 ...

金宏气体股份有限公司 "金宏转债"2025 年第一次债券持有人会议资 料 证券代码：688106 证券简称：金宏气体 转债代码：118038 转债简称：金宏转债 金宏气体股份有限公司 "金宏转债"2025 年第一次 债券持有人会议资料 2025 年 11 月 金宏气体股份有限公司 "金宏转债"2025 年第一次债券持有人会议资 料 目 录 金宏气体股份有限公司"金宏转债"2025 年第一次债券持有人会议须知………1 金宏气体股份有限公司"金宏转债"2025 年第一次债券持有人会议议程………4 议案一：关于变更募集资金投资项目投资规模并结项暨使用节余募集资金向控股 孙公司借款以实施在建项目的议案…………………………………………………5 金宏气体股份有限公司 "金宏转债"2025 年第一次债券持有人会议须知 为了维护全体债券持有人的合法权益，确保债券持有人会议的正常秩序和议 事效率，保证会议的顺利进行，根据《中华人民共和国公司法》《中华人民共和 国证券法》以及《金宏气体股份有限公司章程》（以下简称"《公司章程》"）《苏 州金宏气体股份有限公司可转换公司债券持有人会议规则》等相关规定，特制定 "金宏转债"2025 ...

金宏气体股份有限公司 2025 年第二次临时股东会会议资料 证券代码：688106 证券简称：金宏气体 转债代码：118038 转债简称：金宏转债 金宏气体股份有限公司 2025 年第二次临时股东会会议资料 2025 年 11 月 金宏气体股份有限公司 2025 年第二次临时股东会会议资料 目 录 | 金宏气体股份有限公司 2025 | 年第二次临时股东会会议须知 ……………………1 | | --- | --- | | 金宏气体股份有限公司 2025 | 年第二次临时股东会会议议程 ……………………3 | | 议案一：关于变更募集资金投资项目投资规模并结项暨使用节余募集资金向控股 | | | 孙公司借款以实施在建项目的议案…………………………………………………5 | | | 议案二：关于变更注册资本、修订《公司章程》并办理工商变更登记的议案…7 | | 金宏气体股份有限公司 2025 年第二次临时股东会会议资料 金宏气体股份有限公司 2025 年第二次临时股东会会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证会 议的顺利进行，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 ...

Market Overview - The electronic chemicals sector experienced a decline of 1.71% on November 12, with Huate Gas leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Notable gainers in the electronic chemicals sector included: - Sanhu Xinke (688359) with a closing price of 78.40, up 3.43% [1] - Kaihua Materials (920526) at 26.17, up 1.87% [1] - Xingfu Electronics (688545) at 37.73, up 0.96% [1] - Major decliners included: - Huate Gas (688268) at 61.36, down 4.26% [2] - Nanda Optoelectronics (300346) at 36.98, down 4.07% [2] - Jinhong Gas (688106) at 21.16, down 3.56% [2] Trading Volume and Capital Flow - The electronic chemicals sector saw a net outflow of 748 million yuan from institutional investors, while retail investors had a net inflow of 712 million yuan [2] - The trading volume for key stocks included: - Sanhu Xinke with a volume of 29,400 hands and a transaction value of 229 million yuan [1] - Nanda Optoelectronics with a volume of 299,600 hands and a transaction value of 1.116 billion yuan [2] Capital Inflow Analysis - Key stocks with significant capital inflow included: - Sanhu Xinke with a net inflow of 37.08 million yuan from institutional investors [3] - Xingfu Electronics with a net inflow of 11.43 million yuan from institutional investors [3] - Stocks with notable outflows included: - Huate Gas with a net outflow of 4.14 million yuan from institutional investors [3] - Jinhong Gas with a net outflow of 4.14 million yuan from institutional investors [3]

Core Insights - The article discusses the recent research conducted by QuanGuo Fund on JinHong Gas, highlighting the company's growth and strategic initiatives in the gas service industry [1][3]. Company Overview - JinHong Gas Co., Ltd. was established in 1999 and went public on the Sci-Tech Innovation Board in 2020, with stock code 688106. The company specializes in the research, production, sales, and integrated solutions of gases, positioning itself as an environmentally friendly and comprehensive gas service provider [2][3]. Recent Performance - For the first three quarters of 2025, JinHong Gas reported revenue of 2.031 billion yuan, a year-on-year increase of 9.33%. The net profit attributable to shareholders was 116 million yuan, and cash flow from operating activities amounted to 290 million yuan. As of September 30, 2025, total assets reached 7.858 billion yuan, reflecting a growth of 16.12% compared to the end of the previous year [3]. Strategic Development - The company adheres to a vertical and horizontal development strategy, focusing on technological leadership and aiming to become a leader in the gas industry by providing innovative and sustainable gas solutions [3]. Project Updates - The Shandong RuiLin high polymer air separation project has been modified due to increased gas demand from a new production line, with an investment of approximately 350 million yuan and expected to be fully operational by Q1 2027 [4]. - The Yingkou Jianfa air separation project has a total contract revenue of about 2.4 billion yuan, with plans for surplus liquid capacity and rare gas resources to enhance revenue generation [5]. - Current large-scale on-site gas production projects include the completed Jishan Mingfu and Yunnan Chenggang projects, which are in stable operation, while the Zhanjiang Zhongji green methanol project is in trial production [6]. Business Model and Cost Structure - The on-site gas production projects typically have a monthly billing structure, consisting of fixed fees and variable gas fees based on customer consumption. The main costs include electricity, labor, and equipment depreciation [7]. Competitive Advantage - The company has established a professional and mature operational team in its on-site gas production business, creating core competitive barriers through stable supply assurance, a diverse product matrix, and efficient service response [8]. Market Outlook - The on-site gas production business has significant growth potential, with the outsourcing rate in developed countries reaching 80%, while domestic market rates have room for improvement. This business is expected to provide stable and continuous cash flow, with plans to expand new projects and explore existing customer needs [8]. Product Application - The downstream application structure of the company's ultra-pure ammonia products has shifted focus from the photovoltaic sector to the semiconductor industry, with revenue from the semiconductor sector becoming the primary source. The gross margin for ultra-pure ammonia improved in Q3 2025, and the company is actively seeking partnerships to strengthen its market position [8].