| | | 广东华特气体股份有限公司 关于可转债转股结果暨股份变动的公告 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: 累计转股情况：广东华特气体股份有限公司（以下简称"公司"）向不 特定对象发行可转换公司债券"华特转债"自 2023 年 9 月 27 日起可转换为公司 股份。截至 2025 年 9 月 30 日，"华特转债"累计有人民币 106,000.00 元已转 换为公司股票，转股数量为 1,261 股，占"华特转债"转股前公司已发行股份总 额的 0.00105%。 未转股可转债情况：截至 2025 年 9 月 30 日，"华特转债"尚未转股的 可转债金额为 645,854,000.00 元，占"华特转债"发行总量的 99.97740%。 本季度转股情况：自 2025 年 7 月 1 日至 2025 年 9 月 30 日期间，"华特 转债"共有人民币 6,000 元转换为公司股票，转股数量为 72 股，占"华特转债" 转股前公司已发行股份总额的 0.00006%。 一、可转债发行上市概况 （一）经中 ...

新莱应材、凯美特气涨停，利和兴、波长光电涨超10%，国林科技、华特气体、奥普光电、久日新材等 跟涨。 | | 凯美特气 | 24.84 | +10.01% | +2.26 | | --- | --- | --- | --- | --- | | | 002549 | | | | | 科 | 久日新材 | 26.96 | +2.67% | +0.70 | | | 661889 | | | | | | 华特气体 | 68.87 | +3.66% | +2.43 | | | 688268 | | | | | 创 | 波长光电 | 120.91 | +8.05% | +9.01 | | | 301421 | | | | | 创 | 利和兴 | 31.21 | +10.36% | +2.93 | | | 301013 | | | | | SZ | 奥普米电 | 57.59 | +2.84% | +1.59 | | | 002338 | | | | | 创 | 新菜应材 | 53.90 | +18.36% | +8.36 | | | 300260 | | | | | al | 国林科技 | 18.97 | +5.68% | ...

| SZ | 凯美特气 | 24.84 | +10.01% | +2.26 | | --- | --- | --- | --- | --- | | | 002549 | | | | | | 久日新材 | 26.96 | +2.67% | +0.70 | | | 688199 | | | | | | 华特气体 | 68.87 | +3.66% | +2.43 | | | 688268 | | | | | 创 | 波长米电 | 120.91 | +8.05% | +9.01 | | | 301421 | | | | | ி | 利和兴 | 31.21 | +10.36% | +2.93 | | | 301013 | | | | | SZ | 奥普光电 | 57.59 | +2.84% | +1.59 | | | 002338 | | | | | 创 | 新菜应材 | 53.90 | +18.36% | +8.36 | | | 300260 | | | | | 创 | 国林科技 | 18.97 | +5.68% | +1.02 | | | 300786 | | | | 新莱应材、凯美特气涨停，利和兴、波长光电涨超1 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | --- | | 688035 | 德邦科技 | 61.74 | 11.95% | | 12.33万 | | 7.45亿 | | 300285 | 国瓷材料 | 24.90 | 11.56% | | 48.45万 | | 11.55 Z | | 688106 | 金宏气体 | 21.38 | 8.20% | | 32.68万 | | 2006.9 | | 688549 | 中巨芯 | 10.39 | 4.74% | 1 | 77.22万 | | 8.00亿 | | 688150 | 莱特光电 | 25.79 | 4.50% | | 10.84万 | | 2.78亿 | | 002741 | 光华科技 | 22.96 | 3.56% | | 31.04万 | | 7.11亿 | | 688548 | 广钢气体 | 12.65 | 2.76% | | 23.62万 | | 2.97亿 | | 600330 | 天通股份 | 11.15 | ...

Investment Rating - Industry investment rating: Overweight [1] Core Views - The chemical sector's overall performance ranked 17th this week, with a decline of 0.95%, underperforming the Shanghai Composite Index by 1.16 percentage points and the ChiNext Index by 2.91 percentage points [4][22] - The chemical industry is expected to continue its trend of differentiated growth in 2025, with recommendations to focus on synthetic biology, pesticides, chromatography media, sweeteners, vitamins, light hydrocarbon chemicals, COC polymers, and MDI [4] Summary by Sections Industry Performance - The chemical sector's performance this week was -0.95%, ranking it 17th among all sectors, while the top three performing sectors were power equipment, non-ferrous metals, and electronics [22][23] - The top three individual stocks in the chemical sector this week were Bluefeng Biochemical (61.16%), Shangwei New Materials (44.81%), and Huarsoft Technology (31.83%) [28] Key Industry Dynamics - A new plan for stable growth in the petrochemical industry was released by seven departments, aiming for an average annual growth of over 5% in value added from 2025 to 2026 [34] - The plan emphasizes the importance of technological innovation, digital empowerment, and environmental sustainability in the petrochemical sector [34] Investment Opportunities - Synthetic biology is highlighted as a key area for growth, with companies like Kasei Biotech and Huaheng Biological being recommended for investment [4][8] - The third-generation refrigerants are expected to enter a high prosperity cycle due to upcoming quota policies and stable demand growth from the air conditioning and cold chain markets [5] - The electronic specialty gases market presents significant domestic substitution opportunities, driven by rapid upgrades in the semiconductor and photovoltaic industries [6][8] - Light hydrocarbon chemicals are identified as a global trend, with a shift towards lighter raw materials expected to enhance the value of leading companies in this sector [8] - The COC polymer industry is accelerating its domestic industrialization process, with companies like AkzoNobel being recommended for attention [9] - Potash fertilizer prices are anticipated to rebound as supply tightens and demand increases due to rising agricultural planting intentions [10] - The MDI market is expected to improve due to oligopolistic supply dynamics and stable demand from polyurethane applications [12]

Investment Rating - The report maintains a "Positive" rating for the chemical industry [5][6][20] Core Insights - The petrochemical industry is expected to see stable growth due to the introduction of policies aimed at enhancing industry health and eliminating outdated capacity [5][6] - The demand for viscose filament is anticipated to tighten, leading to an upward trend in prices, while the grass herbicide market is expected to optimize its structure [5][6] - The global GDP growth is projected to remain at 2.8%, with stable oil demand despite some slowdown due to tariff policies [5][6] Industry Dynamics - Oil supply is expected to increase significantly, driven by non-OPEC production, while demand remains stable [5][6] - The coal market is anticipated to experience long-term price stabilization, with easing pressures on downstream sectors [5][6] - Natural gas exports from the U.S. are likely to accelerate, potentially lowering import costs [5][6] Chemical Sector Analysis - The report highlights that the viscose filament industry will see a supply-demand tightening, with a projected increase in operating rates from 84% to over 95% [5][6] - The grass herbicide market is set to address issues of low pricing and quality through upcoming industry meetings aimed at regulating competition [5][6] Investment Recommendations - The report suggests focusing on sectors benefiting from the "anti-involution" policy, including textiles, agriculture, and export-related chemicals [5][6] - Specific companies to watch include Xinxiang Chemical Fiber, Jilin Chemical Fiber, and Lier Chemical, which are expected to benefit from market dynamics [5][6][20] Key Company Valuations - The report provides a valuation table for key companies, indicating various ratings such as "Buy" and "Increase" for companies like Hailir Chemical, Yunnan Chemical, and Wanhu Chemical [20]

Industry Overview - The semiconductor materials sector is becoming a core focus in the capital market, with electronic chemicals playing a crucial role in the semiconductor manufacturing process, accounting for 10%-20% of total chip costs but directly influencing chip performance and yield [1] - The Chinese semiconductor market showed significant growth, reaching a scale of $113.5 billion from January to July 2025, representing an 11.1% year-on-year increase, indicating an expansion phase for upstream materials [1][2] - The global semiconductor materials market is projected to reach $70 billion by 2025, with China's key electronic materials market expected to reach 174.08 billion yuan, a 21.1% year-on-year growth [2] Core Logic - The investment value in the electronic chemicals industry is driven by its unique consumable nature and vast domestic substitution potential, ensuring stable demand as long as wafer fabs are in operation [3] - Major companies in the electronic chemicals sector, such as Anji Technology and Shanghai Xinyang, reported significant revenue growth of 43.17% and 35.67% respectively in the first half of 2025, with net profit growth rates of 60.53% and 126.31% [3] - The domestic substitution potential varies across different segments, with the photolithography sector having the largest substitution space due to long-standing foreign monopolies [3][4] Key Company Analysis - Anji Technology (688019) is a leading player in the CMP polishing liquid market, increasing its market share from 5% in 2021 to 8% in 2023, and holding a 30.8% share in the domestic market [5] - Jianghua Micro (603078) specializes in wet electronic chemicals, with a market share of approximately 4.58% and a total revenue starting at 1.03 billion yuan in 2023, indicating significant growth potential [6] - Nanda Optoelectronics (300346) is a pioneer in the photolithography sector, with over 40% market share in MO source supply and ongoing development of ArF photolithography products [7] - Huate Gas (688268) leads the electronic specialty gases market, achieving over 60% market share in domestic photolithography gases and successfully replacing imports with its products [8] - Yake Technology (002409) has a comprehensive layout in semiconductor materials, particularly in advanced precursor materials, enhancing customer stickiness through a complete product line [9][10]

Summary of Key Points from the Conference Call on Electronic Specialty Gases Industry Overview - The electronic specialty gas market in China is approximately 30 billion RMB, with 20 billion RMB attributed to electronic specialty gases used in integrated circuits, panels, and semiconductor lighting across the semiconductor industry [1][3] - The global nitrogen trifluoride (NF3) market is about 1.3 billion USD, with China accounting for approximately 15% of this market [1][4] Core Insights and Arguments - Recent advancements in domestic photolithography machines and new product launches by companies like Microelectronics indicate a potential for a fully domestic production line, which is expected to boost the demand for photolithography gases, benefiting the electronic specialty gas sector [2][1] - The storage market is tightening, with expectations of price increases. Companies like Changxin Storage and Yangtze Storage are accelerating their IPO processes and expanding production, which will further drive the demand for electronic specialty gases in advanced processes [2][1] - The domestic leader in NF3 and WF6, China Shipbuilding Specialty Gases, holds over 60% market share in China and is globally competitive, benefiting from new capacity and customer certifications [1][5] Supply and Demand Dynamics - The supply of NF3 is currently balanced with a demand of 45,000 tons and a production capacity of 64,000 tons, but actual output is limited to around 50,000 tons due to capacity utilization constraints [6][5] - Recent shutdowns of major suppliers like Kanto Denka and Mitsui Chemicals have reduced overseas NF3 supply by over 25%, creating a market gap that is expected to drive prices up [9][11] Price Trends - The price of NF3 has been on a downward trend for the past decade, but with increasing export volumes to fill supply gaps, there is a potential for price increases in the future, particularly benefiting China Shipbuilding Specialty Gases [11][10] Key Players and Market Position - Huate Gas is a leading player in the rare gases market for photolithography, holding over 60% market share, with major clients including Changxin and SMIC [12][13] - Guanggang Gas is expected to maintain over 30% revenue growth due to its project acquisition capabilities and orders from expanding clients [14] - Jin Hong Gas is diversifying its product offerings in electronic specialty gases and is expected to maintain a good growth momentum [16] Future Trends - The helium market is currently at a low price point but is expected to enter a new upward cycle, with historical data suggesting a price recovery due to supply shortages [15] - He Yuan Gas is expanding its electronic specialty gas business significantly, with two industrial parks projected to achieve 5 billion RMB in output [17] Additional Important Insights - The overall electronic specialty gas market is experiencing rapid domestic production increases, which is positively impacting the industry [2][1] - The certification process for semiconductor-grade NF3 is lengthy, often taking six months to a year, which affects supply availability [8] This summary encapsulates the critical insights and developments within the electronic specialty gas industry, highlighting market dynamics, key players, and future trends.

证券之星消息，9月25日电子化学品板块较上一交易日下跌0.46%，凯华材料领跌。当日上证指数报收于 3853.3，下跌0.01%。深证成指报收于13445.9，上涨0.67%。电子化学品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688268 | 华特气体 | 67.65 | 4.43% | 10.47万 | | 6.95亿 | | 300236 | 上海新阳 | 65.90 | 3.24% | 27.77万 | | 17.83亿 | | 300398 | 飞凯材料 | 27.04 | 1.31% | 78.20万 | | 20.55 Z | | 300655 | 晶瑞电材 | 15.34 | 1.19% | 150.29万 | | 22.98亿 | | 301319 | 唯特偶 | 47.01 | 1.10% | 11.74万 | | 5.52亿 | | 301630 | 同宇新材 | 207.70 | 1.02% | 1.40万 | | 2.91亿 ...

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Huate Gas, indicating a significant increase in stock price and trading activity [1] - As of September 24, Huate Gas's stock price rose by 2.00% to 62.10 CNY per share, with a total market capitalization of 7.471 billion CNY [1] - The company has seen a year-to-date stock price increase of 37.03%, with notable gains over various trading periods: 8.23% in the last 5 days, 7.38% in the last 20 days, and 25.51% in the last 60 days [1] Group 2 - Huate Gas reported a decrease in revenue for the first half of 2025, achieving 677 million CNY, down 5.77% year-on-year, and a net profit of 77.91 million CNY, down 18.97% year-on-year [2] - The company has a diverse revenue structure, with special gases accounting for 62.52%, ordinary industrial gases 22.01%, equipment and engineering 11.98%, and other sources 3.49% [1] - The number of shareholders decreased by 15.07% to 9,708, while the average circulating shares per person increased by 17.74% to 12,383 shares [2] Group 3 - Since its A-share listing, Huate Gas has distributed a total of 288 million CNY in dividends, with 180 million CNY distributed over the past three years [3]