证券代码：688548 证券简称：广钢气体 公告编号：2025-018 广州广钢气体能源股份有限公司 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。 关于更换持续督导保荐代表人的公告 广州广钢气体能源股份有限公司（以下简称"公司"或"广钢气体"）于近日 收到持续督导机构国泰海通证券股份有限公司（以下简称"国泰海通"）《关于更 换广州广钢气体能源股份有限公司首次公开发行股票持续督导之保荐代表人的函》。 国泰海通作为公司首次公开发行股票并在科创板上市项目的保荐机构，指定张悦女 士、秦国亮先生为公司首次公开发行股票并在科创板上市项目保荐代表人，负责保 荐工作及持续督导工作，持续督导期至2026年12月31日。 原保荐代表人张悦女士因工作安排原因，无法继续从事对广钢气体的持续督导 工作。为保证持续督导工作的有序进行，国泰海通现委派保荐代表人邓欣女士（简 历详见附件）接替张悦女士继续履行持续督导工作。 本次保荐代表人的变更不会改变相关材料中保荐机构及保荐代表人已出具文件 的结论性意见，不涉及更新保荐机构已出具的相关材料；保荐机构及保 ...

Group 1 - The company expects to generate additional revenue and profit contributions from the second phase of its large-scale electronic bulk gas on-site production projects, which will be gradually put into operation [1][2] - In the previous year, the company achieved operating revenue of 2.1 billion yuan, an increase of 14.6% year-on-year, while net profit attributable to shareholders was 248 million yuan, a decrease of approximately 22.42% [1] - The company's helium business faced sales revenue and gross profit declines due to market fluctuations, which pressured overall profitability [1][2] Group 2 - The electronic gas market in China is projected to grow to 18.7 billion yuan in 2023, with a slight recovery in growth expected in 2024, reaching 19.5 billion yuan, reflecting a growth rate of 4.28% [2] - The company reported a year-on-year revenue growth of approximately 20% in electronic bulk gases, while general industrial gas revenue declined by nearly 6%, with gross margins decreasing by nearly 10 percentage points [2] - The company holds a leading position in the domestic market, with a 41% share of the newly built on-site gas production projects in the integrated circuit manufacturing and semiconductor display sectors [1]

Group 1 - The company maintains a positive outlook on the industry's future development, anticipating that the second phase of major on-site gas production projects will contribute additional revenue and profit [1][2] - In the previous year, the company achieved a revenue of 2.1 billion yuan, an increase of 14.6% year-on-year, while net profit attributable to shareholders was 248 million yuan, a decrease of approximately 22.42% [1] - The company's helium business faced sales revenue and gross profit declines due to market fluctuations, leading to pressure on overall profitability [1][2] Group 2 - The company holds a leading position in the domestic integrated circuit manufacturing and semiconductor display sectors, with a market share of 41% in newly built on-site gas production projects [2] - The electronic gas market in China is projected to grow to 18.7 billion yuan in 2023, with a slight recovery expected in 2024, reaching 19.5 billion yuan [2] - The company has developed the "Super-N" series ultra-pure nitrogen production technology, capable of meeting the stringent gas supply requirements of integrated circuit manufacturing [3] Group 3 - The company is the largest domestic supplier of helium, with its helium imports accounting for 13.4% of the national total, supporting key materials for first-tier semiconductor and integrated circuit enterprises [3]

Investment Rating - The report assigns an "Accumulate" rating to the company [1][5]. Core Views - The company is recognized as a leading provider of electronic bulk gases in China, actively promoting domestic substitution in the electronic gas market, which is projected to reach approximately 19.5 billion RMB in 2024 [3][8]. - The company has established three core barriers that enhance its competitive advantage: technological superiority, stable raw material supply, and strong customer relationships [8][55]. Summary by Sections Company Overview - The company, Guangzhou Guanggang Gas Energy Co., Ltd., has evolved into a leading electronic bulk gas service provider in China, with a product range that includes nitrogen, helium, oxygen, hydrogen, argon, and carbon dioxide [17][18]. Financial Performance - The company's revenue grew from 867 million RMB in 2020 to 2.103 billion RMB in 2024, with a CAGR of approximately 25% [18][21]. - The projected EPS for 2025, 2026, and 2027 is 0.26 RMB, 0.34 RMB, and 0.43 RMB, respectively, with corresponding PE ratios of 38.4, 29.4, and 22.9 [5][7]. Market Potential - The electronic gas market in China is expected to grow from 19.5 billion RMB in 2024 to 29.8 billion RMB by 2030, with a CAGR of about 7.3% [48][49]. - The company is positioned to benefit from the increasing demand in the semiconductor and display industries, which are critical for the growth of electronic gases [26][48]. Competitive Landscape - The market is characterized by a "stronger gets stronger" effect, with high entry barriers and long customer onboarding cycles, making it difficult for new entrants to replace established suppliers [55][56]. - The company has secured a significant share of new on-site gas projects in the semiconductor and display sectors, increasing its market presence [55][57]. Shareholder Structure - The company is controlled by the Guangzhou Municipal Government, which holds a 36.19% stake, providing long-term resource support and enhancing risk resilience [33][34].

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： 广州广钢气体能源股份有限公司 证券代码：688548 证券简称：广钢气体 公告编号：2025-017 一、本次诉讼的基本情况 （一）一审诉讼情况 院"、"法院"）提起诉讼，要求确认原告河南广钢对被告河南骏化发展股份有限 （一）公司不服驻马店中院的一审判决，已于2025年4月就该案判决向河南省高级 人民法院提起上诉，上诉请求如下： "1、撤销原判决第一项； （ 注 : 不 服 一 审 判 决 部 分 的 上 诉 请 求 数 额 为 ： 311,435,865.80 元 - 近日，公司收到河南省高级人民法院送达的立案通知及传票（案件号为【2025】 豫民终165号），该案件已被河南省高级人民法院受理并将于2025年5月29日开庭。 公司（以下简称"骏化股份"）享有破产债权为32,075.29万元（该金额为暂定金额， 最终根据审计评估结论确定）。（注:管理人确认原告债权金额为5,249.57万元，争 议金额暂定为: 32,075.29万元-5,249.57万元=26 ...

证券代码：688548 证券简称：广钢气体 公告编号：2025-017 广州广钢气体能源股份有限公司 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。 关于控股子公司诉讼进展的公告 重要内容提示： 一、本次诉讼的基本情况 （一）一审诉讼情况 最终根据审计评估结论确定）。（注:管理人确认原告债权金额为5,249.57万元，争 议金额暂定为: 32,075.29万元-5,249.57万元=26,825.72万元） 具体情况详见公司于2024年5月9日在上海证券交易所网站（www.sse.com.cn）披露 的《关于控股子公司提起诉讼的公告》（公告编号：2024-027）。 （二）一审判决情况 2025年4月，河南广钢收到驻马店中院送达的《民事判决书》（【2024】豫17民初 19号），具体判决如下： "1、确认原告河南广钢对被告骏化股份享有普通破产债权168,113,649.34元； 2、驳回原告河南广钢的其他诉讼请求。 案件受理费1,383,085.96元，鉴定费330,000元(包括审计费165,000元、评估费 160,0 ...

Meeting Overview - The shareholders' meeting of Guangzhou Guanggang Gas Energy Co., Ltd. was held on May 20, 2025, at the company's headquarters in Guangzhou [1]. - The meeting was presided over by Chairman Deng Tao, and voting was conducted through a combination of on-site and online methods [1]. Voting Results - A total of 740,304,778 voting rights were held by ordinary shareholders, representing 56.1092% of the total voting rights of the company [1]. - All non-cumulative voting proposals were approved with significant support, including: - 738,525,780 votes in favor (99.7596%), 14,500 votes against (0.0021%), and 1,764,498 abstentions [2]. - 738,526,295 votes in favor (99.7597%), 14,000 votes against (0.0020%), and 1,764,483 abstentions [2]. - 738,525,795 votes in favor (99.7596%), 14,500 votes against (0.0021%), and 1,764,483 abstentions [2]. Legal Compliance - The meeting's convening, proceedings, and voting procedures complied with the Company Law and the company's articles of association, ensuring the legality and validity of the voting results [2][3].

证券代码：688548 证券简称：广钢气体 公告编号：2025-016 广州广钢气体能源股份有限公司 2024年年度股东会决议公告 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 5 月 20 日 （二） 股东会召开的地点：广州市荔湾区白鹤洞街道芳村大道东 2 号广钢气体 大厦岭南报告厅 （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： 审议结果：通过 表决情况： | 1、出席会议的股东和代理人人数 | 227 | | --- | --- | | 普通股股东人数 | 227 | | 2、出席会议的股东所持有的表决权数量 | 740,304,778 | | 普通股股东所持有表决权数量 | 740,304,778 | | 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 | 56.1092 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比 ...

广东省广州市天河区珠江新城华夏路 10号富力中心 23/F. Units 01 & 04 of 31/F. R&F Center, 10 Tianhe District Guangzhou. Guangdong 510623, P. R. 电话/Tel:+86202826 1688 传真/Fax:+86 20 2826 1666 北京市中伦(广州)律师事务所 关于广州广钢气体能源股份有限公司 2024 年年度股东会的法律意见书 本法律意见书仅供公司本次股东会相关事项的合法性之目的使用,不得用作 任何其他目的。 本所律师已经按照《上市公司股东会规则》的相关要求对公司本次会议的真 实性、合法性进行查验并发表法律意见:本法律意见书中不存在虚假记载、误导 性陈述及重大遗漏。 按照律师行业公认的业务标准、道德规范和勤勉尽责的精神,本所律师对公 司所提供的相关文件和有关事实进行了核查和验证,现出具法律意见如下; 一、本次股东会的召集程序 致:广州广钢气体能源股份有限公司 北京市中伦(广州)律师事务所(以下简称"本所")受广州广钢气体能源 股份有限公司(以下简称"公司")委托,指派本所律师周昊臻、刘杰(以下简 称"本所律师 ...

证券代码：688548 证券简称：广钢气体 公告编号：2025-015 广州广钢气体能源股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 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： ??会议召开时间：2025 年 5 月 28 日（星期三）下午 16:00-17:00 ??会议召开方式：上证路演中心网络互动 ??会议问题征集：投资者可于 2025 年 5 月 21 日（星期三）至 5 月 27 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 公司邮箱 IR@ggas.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 广州广钢气体能源股份有限公司（以下简称"公司"）已分别于 2025 年 3 月 29 日和 2025 年 4 月 22 日发布公司 2024 年年度报告及 2025 年第一季度报告， 为便于广大投资者更加全面深入地了解公司 2024 年年度及 2025 年第一季度经营 成果、财务状况，公司计划于 2025 ...