Core Viewpoint - The company announced an adjustment in the conversion price of its convertible bonds due to a share buyback and cancellation, reflecting a slight increase in the conversion price. Group 1: Share Buyback and Cancellation - The company has completed the cancellation of 308,556 shares as part of its share buyback program [1] - The total share capital has decreased from 120,304,933 shares to 119,996,377 shares following the cancellation [1] Group 2: Convertible Bond Adjustment - The conversion price of the "华特转债" (Huate Convertible Bonds) has been adjusted from 82.72 yuan per share to 82.75 yuan per share [1] - This adjustment will take effect starting January 23, 2026, with trading of the bonds resuming on January 23, 2023 [1]

| 证券代码：688268 | 证券简称：华特气体 | 公告编号：2026-006 | | --- | --- | --- | | 转债代码：118033 | 转债简称：华特转债 | | 广东华特气体股份有限公司 关于实施回购股份注销暨股份变动的公告 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。 （一）回购股份方案及实施情况 2022 年 5 月 10 日，公司召开第三届董事会第十一次会议，审议通过了《关 于以集中竞价交易方式回购公司股份方案的议案》（以下简称"第一期回购计 划"），同意公司以自有资金通过上海证券交易所交易系统以集中竞价交易方式 回购公司已发行的部分人民币普通股(A 股)股票。本次回购的股份将全部用于员 工持股计划或股权激励，并在股份回购实施结果暨股份变动公告日后三年内转 让；若公司本次回购的股份未能在股份回购实施结果暨股份变动公告日后三年内 转让完毕，将依法履行减少注册资本的程序，未转让股份将被注销。本次回购价 格不超过人民币85.00元/股(含)，回购资金总额不低于人民币4,000.00万元(含) 且 ...

Core Insights - The global semiconductor materials market is experiencing a strong recovery, with a market size of $66.7 billion in 2023 and expected to exceed $73 billion by 2025, driven by demand from AI and wafer fab expansions [1] - China is becoming a key growth engine in the semiconductor materials market, with a sales figure of $13.1 billion in 2023, marking a year-on-year growth of 3.8% and increasing its global market share to 20% [1] Market Structure - Semiconductor materials are divided into wafer manufacturing materials and packaging materials, with wafer manufacturing materials dominating the market at 62.2% share ($41.5 billion) in 2023 [2] - Silicon wafers hold the largest share in wafer manufacturing materials at 33%, followed by electronic specialty gases (14%) and photomasks (13%) [2] - The market is highly concentrated, with major players in silicon wafers and photolithography materials predominantly from Japan and the U.S. [2] Core Material Breakthroughs - Domestic companies are making significant progress in wafer manufacturing materials, with local firms achieving breakthroughs in 12-inch silicon wafers and photolithography materials [3][4] - The domestic market for electronic specialty gases is also advancing, with companies like Huate Gas entering the TSMC supply chain [4] Packaging Materials - The global packaging materials market saw a decline of 10.1% to $25.2 billion in 2023, but advanced packaging is driving growth, with a projected increase of 19.62% [5] - Domestic companies are rapidly iterating technology in advanced packaging materials, with significant market shares in lead frames and packaging substrates [5] Import Dependency and Policy Support - China still faces significant import dependency in key categories like photolithography materials and electronic specialty gases, with over 90% reliance on imports for high-end materials below 14nm [6][8] - The government is focusing on critical areas through initiatives like the National Big Fund, aiming for 70% self-sufficiency in core materials by 2030 [6][8] Challenges and Future Outlook - Despite notable advancements, the industry faces challenges such as reliance on foreign technology for EUV-grade silicon wafers and high-end photolithography materials [7] - The advanced packaging materials market is expected to reach $39.3 billion by 2025, indicating a significant growth opportunity for domestic companies [7]

证券代码：688268 证券简称：华特气体 转债代码：118033 转债简称：华特转债 中信建投证券股份有限公司 关于 广东华特气体股份有限公司 向不特定对象发行可转换公司债券 2026 年第一次临时受托管理事务报告 债券受托管理人 二〇二六年一月 重要声明 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜作出独立判断，而不应将本报告中的任何内容据以作为中信建投证券所作出 的承诺或声明。在任何情况下，未经中信建投证券书面许可，不得将本报告用作 其他任何用途。 1 中信建投证券作为华特气体向不特定对象发行可转换公司债券（债券简称： 华特转债，债券代码：118033，以下简称"本次可转债"）的受托管理人，持续密 切关注对债券持有人权益有重大影响的事项。根据《公司债券发行与交易管理办 法》《公司债券受托管理人执业行为准则》等相关规定，本次可转债《受托管理 协议》的约定以及发行人的相关公告，现就本次可转债重大事项报告如下： 一、本次可转债发行及转股情况 本次发行已经公司 2022 年 4 月 27 日召开的第三届董事会第十次会议审议通 过，并经公司 2022 年 5 月 16 日召开的 202 ...

广东华特气体股份有限公司 2026 年第一次临时股东会会议资料 证券代码：688268 证券简称：华特气体 广东华特气体股份有限公司 2026 年第一次临时股东会会议资料 2026 年 1 月 | | | 广东华特气体股份有限公司 2026 年第一次临时股东会会议资料 广东华特气体股份有限公司 三、出席会议的股东及股东代理人须在会议召开前 15 分钟到会议现场办理 签到手续，并请按规定出示有效身份证明文件或企业营业执照/注册证书复印件 （加盖公章）、授权委托书等，经验证后领取会议资料，方可出席会议。会议开 始后，由会议主持人宣布现场出席会议的股东人数及其所持有表决权的股份总数， 在此之后进出的股东无权参与现场投票表决。 四、会议按照会议通知上所列顺序审议、表决议案。 五、股东及股东代理人参加股东会依法享有发言权、质询权、表决权等权利。 股东及股东代理人参加股东会应认真履行其法定义务，不得侵犯公司和其他股东 及股东代理人的合法权益，不得扰乱股东会的正常秩序。 六、要求发言的股东及股东代理人，应当按照会议的议程，经会议主持人许 1 广东华特气体股份有限公司 2026 年第一次临时股东会会议资料 2026 年第一次 ...

Core Viewpoint - The electronic chemicals sector experienced a significant increase of 4.9% on January 15, with Shanghai Xinyang leading the gains, while the overall Shanghai Composite Index fell by 0.33% [1]. Group 1: Market Performance - Shanghai Xinyang closed at 88.50, up 16.60%, with a trading volume of 389,100 shares and a transaction value of 3.207 billion [1]. - Nanda Optoelectronics saw a closing price of 62.75, increasing by 10.15%, with a trading volume of 1,556,000 shares [1]. - Hongchang Electronics closed at 8.19, up 8.05%, with a trading volume of 1,169,100 shares [1]. - The electronic chemicals sector's main stocks showed various increases, with notable performances from Feikai Materials and Jingrui Electric Materials, which rose by 6.94% and 6.34% respectively [1]. Group 2: Capital Flow - The electronic chemicals sector had a net inflow of 2.391 billion in main funds, while retail investors saw a net outflow of 2.183 billion [2]. - Nanda Optoelectronics had a main fund net inflow of 632 million, but retail investors experienced a net outflow of 516 million [3]. - Jingrui Electric Materials reported a main fund net inflow of 351 million, with retail investors seeing a net outflow of 477 million [3].

Group 1 - The core viewpoint of the news is that Huat Gas has shown fluctuations in its stock price and financial performance, with a recent increase in stock price but a decline in revenue and profit year-on-year [1][2]. - As of January 15, Huat Gas's stock price increased by 2.03% to 64.72 CNY per share, with a total market capitalization of 7.786 billion CNY [1]. - The company has seen a net inflow of main funds amounting to 12.02 million CNY, with significant buying activity from large orders [1]. Group 2 - Huat Gas reported a revenue of 1.044 billion CNY for the period from January to September 2025, reflecting a year-on-year decrease of 1.36%, while the net profit attributable to the parent company was 119 million CNY, down 10.32% year-on-year [2]. - The company has distributed a total of 288 million CNY in dividends since its A-share listing, with 180 million CNY distributed over the past three years [3]. - Huat Gas's main business segments include specialty gases (62.52% of revenue), industrial gases (22.01%), and equipment and engineering (11.98%) [1].

Core Viewpoint - The recent share reduction plan by the controlling shareholders of Huate Gas raises questions about the company's financial strategies and project adjustments, particularly in light of its recent performance and project funding changes [2][3][4]. Group 1: Share Reduction Plan - Huate Gas announced a share reduction plan by its shareholders, who plan to sell up to 2% of the company's total shares, amounting to a maximum of 240,000 shares, due to personal funding needs [3][4]. - The shareholders involved are significant stakeholders, holding a combined 12.98% of Huate Gas's shares, and have previously executed two share reduction plans in 2025, totaling 479,900 shares and raising at least 246 million yuan [3][4]. - Following the announcement, Huate Gas's stock price fell by 2.14%, closing at 65.42 yuan, which could yield approximately 157 million yuan if the shareholders proceed with the planned reduction [4]. Group 2: Project Adjustments - Huate Gas decided to conclude the "Annual Production of 1,764 Tons of Semiconductor Materials" project, initially budgeted at 383 million yuan but ultimately utilizing only about 130 million yuan, with surplus funds redirected to enhance liquidity [5][6]. - The company has previously adjusted the investment for this project in 2024, reducing it by 138.5 million yuan to fund a new project, indicating a trend of reallocating resources based on market conditions [6][7]. - The company also postponed the expected operational status of the "R&D Center Construction Project" from December 2025 to July 2026, due to delays in the approval and planning processes [6][7].

Core Viewpoint - The recent share reduction plan by the controlling shareholders of Huate Gas raises questions about the motivations behind the sell-off and the changes in the funding allocation for projects, particularly the semiconductor materials project which has seen significant budget adjustments [2][8]. Group 1: Share Reduction Plan - The shareholders, including Xiamen Huahong Duofu Investment Partnership, Xiamen Huahuo Duofu Investment Partnership, and Xiamen Huajin Duofu Investment Partnership, plan to reduce their holdings by up to 2% of the total shares, amounting to a maximum of 2.4 million shares between February 4, 2026, and April 30, 2026 [2][3]. - These shareholders collectively hold 12.98% of Huate Gas, making them the third, sixth, and seventh largest shareholders, and they have previously executed two share reduction plans in 2025, totaling 4.34% of shares and raising at least 246 million yuan [3][4]. Group 2: Project Funding Changes - Huate Gas announced the completion of the "Annual Production of 1,764 Tons of Semiconductor Materials" project, which initially had a planned investment of 383 million yuan, later reduced to 224.5 million yuan, with actual expenditure only around 130 million yuan [8][9]. - The company plans to use the surplus funds of approximately 112.6 million yuan from this project to supplement its working capital permanently, pending shareholder approval [8][10]. - The project faced delays and adjustments due to market conditions affecting product demand, leading to the decision to halt further investments in certain products while completing others [15]. Group 3: Financial Performance - For the first three quarters of 2025, Huate Gas reported revenues of 1.044 billion yuan, a year-on-year decrease of 1.36%, and a net profit of 119 million yuan, down 10.32% [6]. - However, there was a notable improvement in the third quarter, with revenue increasing by 7.96% and net profit by 12.45% compared to the same period last year [6]. Group 4: Company Outlook - The controlling shareholders expressed confidence in the long-term development of Huate Gas, emphasizing a focus on core business areas such as specialty gases and ongoing market expansion in high-end applications like semiconductors and renewable energy [7][15].

华特气体实控人的一致行动人为何减持套现？控股股东和实控人是否看好公司前景？对此，每经资本眼 专栏记者将上述问题发送至华特气体邮箱，华特气体回复如下：2025年6月及10月，实控人的一致行动 人—厦门华弘多福、厦门华和多福和厦门华进多福作为公司IPO前成立的员工持股平台，均设立于2012 年5月，旨在激励对公司发展有重要贡献的员工。此次通过大宗交易的方式减持部分公司股份主要因为 员工自身资金需求。公司实际控制人坚定看好公司长期向好发展，对公司未来的良性发展充满信心。募 投项目投入金额调整是为公司和全体股东利益最大化。 近期，华特气体实控人的一致行动人发布减持计划，该一致行动人在2025年已实施过两次减持计划。在 股东发布减持计划的前两天，华特气体还计划将"年产1764吨半导体材料建设项目"进行结项，该项目一 开始计划投入3.83亿元，随后降低至2.245亿元，但最终实际使用资金规模仅约1.30亿元。 ...