自2024年1月召开打造全国专精特新名城动员大会以来，杭州全力构建"筛选建库、诊断指导"等六级梯 度培育体系，截至2025年底，已累计培育国家级专精特新"小巨人"企业600家，专精特新中小企业超 4000家，分别跃升至全国第五、全省第一。 商报讯(记者汪株燚)在空分设备领域被誉为"大国重器"的杭氧集团，其"专精特新企业孵化器"身份引人 注目。在昨日召开的全市专精特新名城建设暨产业链强链补链推进大会上，杭氧集团透露，目前已培育 5家国家专精特新"小巨人"企业和8家省级专精特新中小企业。大会现场，以提升企业竞争力、推动产业 链强链补链为核心，杭州围绕两套新政向企业传递发展信心，持续擦亮专精特新名城金名片。 为持续壮大发展优势，杭州市经信局相关负责人重点解读了《关于深入打造全国专精特新名城的若干措 施》《杭州市加快推进重点产业链核心制造环节扩量提质实施意见》两套新政，以更为系统的政策"组 合拳"，扶持培育优质企业发展壮大。 大型龙头企业往往致力于构建自身技术的"护城河"，而杭氧集团选择主动打开围墙，将自身的产业生态 从"一棵大树"培育成"一片雨林"。 据杭氧集团相关负责人介绍，企业以工业气体为核心，带动设备、工程、 ...

Group 1 - The company, Hangyang Co., Ltd. (002430.SZ), stated on an interactive platform that it can provide liquid air separation equipment, cryogenic storage equipment, as well as aerospace-grade krypton and xenon, and environmental control equipment [1] - The company is open to actively seeking suitable opportunities in the market [1]

液态气周均价环比略跌；广钢获 TCL 供 气合同、杭氧中标 4 套 10 万空分装置 工业气体行业周度跟踪（2026 年 1 月第 4 周） | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 赵玥炜(分析师) | 021-23185630 | zhaoyuewei@gtht.com | S0880525040040 | 本报告导读： 数据端看，2026 年 1 月第 4 周，液态气周均价环比略跌，液氩周均价延续同比大幅 上涨趋势；稀有气体周均价低位震荡；稀有气体周均价低位震荡。事件端看广钢气 体获 TCL 第 8.6 代印刷 OLED 供气合同，杭氧成功中标国能榆林循环经济煤炭综 合利用项目 4 套 10 万空分装置项目合同。 投资要点： [Table_Report] 相关报告 行 业 跟 踪 报 证 券 研 究 报 告 请务必阅读正文之后的免责条款部分 告 股票研究 /[Table_Date] ...

液态气周均价环比略跌；广钢获 TCL 供 气合同、杭氧中标 4 套 10 万空分装置 本报告导读： 工业气体行业周度跟踪（2026 年 1 月第 4 周） | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 赵玥炜(分析师) | 021-23185630 | zhaoyuewei@gtht.com | S0880525040040 | [Table_Report] 相关报告 数据端看，2026 年 1 月第 4 周，液态气周均价环比略跌，液氩周均价延续同比大幅 上涨趋势；稀有气体周均价低位震荡；稀有气体周均价低位震荡。事件端看广钢气 体获 TCL 第 8.6 代印刷 OLED 供气合同，杭氧成功中标国能榆林循环经济煤炭综 合利用项目 4 套 10 万空分装置项目合同。 投资要点： 机械行业《韩国扩大聚变研发预算，General Fusion 拟借壳上市》2026.01.25 机械行业《特斯拉及 S ...

Investment Rating - The report assigns an "Accumulate" rating for the industrial gas industry [2][7]. Core Insights - The average weekly price of liquid oxygen and liquid nitrogen remains stable year-on-year, while the average price of liquid argon continues to rise year-on-year. Rare gases are experiencing low-level fluctuations [3][6]. - The acquisition of South Korean gas company DIG Airgas by Air Liquide has been completed, which will double the number of employees in Korea and increase total sales to €900 million, enhancing the group's position in this growing economy [3][6]. Price Trends - As of January 15, 2026, the weekly price data for gases is as follows: 1. Liquid Oxygen: Average price of 335 CNY/ton, down 0.3% month-on-month, down 8.7% year-on-year 2. Liquid Nitrogen: Average price of 361 CNY/ton, down 0.6% month-on-month, down 5% year-on-year 3. Liquid Argon: Average price of 1179 CNY/ton, down 1.01% month-on-month, up 117.83% year-on-year 4. Rare Gases: High-purity helium (cylinder): Average price of 86.5 CNY/cubic meter, down 0.98% month-on-month, down 12.18% year-on-year; Xenon: Average price of 21,000 CNY/cubic meter, stable month-on-month, down 27.59% year-on-year; Krypton: Average price of 190 CNY/cubic meter, stable month-on-month, down 39.68% year-on-year; Neon: Average price of 110 CNY/cubic meter, stable month-on-month, down 12% year-on-year [6][8][11]. Industry Operating Rates - The average weekly operating load rate for China's industrial gas sector is 66.73% as of December 31, 2025, with a month-on-month decrease of 1.88 percentage points [5][9]. Recommended Stocks - Recommended stocks include Hangzhou Oxygen Plant (杭氧股份) and Shaanxi鼓动力 (陕鼓动力), with related stocks being Zhengfan Technology (正帆科技), Fostar (福斯达), and Zhongtai Co. (中泰股份) [6][7].

Investment Rating - The report assigns an "Accumulate" rating for the controlled nuclear fusion industry [26]. Core Insights - The controlled nuclear fusion sector is experiencing significant growth, with increasing procurement demands and notable financing activities, such as the completion of a 1 billion RMB Series A funding round by Star Ring Fusion [3][22]. - The 2026 Nuclear Fusion Technology and Industry Conference highlighted advancements in plasma technology, including the successful operation of the "Xuanlong-50U" hydrogen-boron plasma high-confinement mode discharge, marking a significant milestone in fusion research [16][19]. - The establishment of the Fusion Financial Institutions Alliance aims to facilitate the transition of nuclear fusion from laboratory research to engineering and commercialization, involving 130 financial and technology service institutions [24][25]. Summary by Sections Market Performance - During the week of January 12-16, the nuclear fusion index fell by 3.22%, underperforming the broader market indices [8][11]. Tender and Bid Information - Significant procurement activities were reported, focusing on superconducting materials and structural components, with total procurement amounts nearing 100 million RMB [10][13]. Domestic and International News - The 2026 Nuclear Fusion Technology and Industry Conference, held in Hefei, attracted over 1,500 participants and featured major procurement projects and collaborations [14][19]. - Japan announced the opening of three top fusion research facilities to private enterprises, marking a shift towards public-private collaboration in fusion technology [19][20]. Investment Dynamics - Star Ring Fusion's 1 billion RMB Series A financing is one of the largest in the domestic fusion energy sector, indicating strong confidence in the commercialization of next-generation energy technologies [22]. - The Fusion Financial Institutions Alliance was formed to enhance capital efficiency and support the commercialization of nuclear fusion technologies [24][25]. Investment Recommendations - The report suggests focusing on key components of controlled nuclear fusion, including magnets, power supplies, and structural components, with specific companies highlighted for potential investment [26].

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on mining equipment, AI devices, and consumables [1]. Core Insights - The mechanical industry is expected to enter a new recovery cycle driven by monetary and fiscal policies, with significant capital expenditure anticipated in mining due to rising prices of non-ferrous metals [6][8]. - The AI sector is experiencing rapid growth, leading to increased demand for high-performance servers, GPUs, and advanced PCBs, which are critical for AI applications [6][20]. - The report highlights key companies in various segments, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][8]. Summary by Sections Industry Overview - The mechanical industry comprises 636 listed companies with a total market capitalization of approximately 70,956.73 billion yuan and a circulating market value of about 58,998.75 billion yuan [3]. Company Profit Forecasts and Valuations - Several companies are highlighted with strong profit forecasts and investment ratings, including: - Huichuan Technology (300124.SZ): EPS forecasted at 2.11 yuan for 2025, with a strong buy rating [2]. - Falan Technology (603966.SH): EPS forecasted at 0.60 yuan for 2025, with a strong buy rating [2]. - Xinjie Electric (603416.SH): EPS forecasted at 1.83 yuan for 2025, with a strong buy rating [2]. - Other notable mentions include companies like Anhui Heli (600761.SH) and Sany Heavy Industry (600031.SH), both receiving strong buy ratings [2]. Market Performance - The mechanical sector has shown a positive performance with a 1.4% increase in the index, while the overall market performance varied across different indices [10][13]. - The 3C equipment segment experienced the highest growth at 14.4%, indicating strong demand in this area [11]. Investment Recommendations - The report suggests focusing on companies that are well-positioned to benefit from the AI wave, such as: - Dingtai High-Tech and Zhongtung High-Tech in the consumables sector [20][21]. - Dazhu CNC and Xinqi Micro-Assembly in the equipment sector [20]. - The report emphasizes the importance of high-end equipment and consumables in the PCB market, projecting significant growth in this area [20][21]. Key Data Tracking - The report includes macroeconomic indicators and industry-specific data, such as the manufacturing PMI and fixed asset investment growth rates, which are crucial for understanding the industry's health [32][36].

Core Insights - The company expects its hydrogen retail business to achieve a year-on-year growth of 100% by 2025, expanding its customer base across key strategic sectors such as semiconductors, advanced materials, and biomedicine [1] - The Luoyang hydrogen production project is anticipated to commence operations in the first half of 2026, with a projected annual hydrogen supply capacity of 22.6 million cubic meters, significantly boosting the company's hydrogen business and market share [1] - The "14th Five-Year Plan" emphasizes the strategic layout of future industries, positioning hydrogen energy alongside nuclear fusion and quantum technology as key growth points for the new economy [1] Industry Overview - Hydrogen is recognized as a crucial substance for transitioning from traditional to clean energy and supporting the upgrade of high-end manufacturing, with applications spanning energy, industry, transportation, electronics, and biomedicine [1] - Hydrogen serves as an ideal clean energy carrier and is essential in modern industrial systems, particularly in the production of ammonia and methanol, as well as in semiconductor manufacturing and advanced materials processing [2] - The company is expanding its industrial chain into high-value sectors, having established a comprehensive competitive capability from core equipment development to scenario-based solution delivery [2] Market Dynamics - According to Fortune Business Insights, the global hydrogen energy market is projected to grow from $229.53 billion in 2025 to $353.52 billion by 2032, with a compound annual growth rate of 6.36% [3] - The Asia-Pacific region is expected to dominate the global hydrogen energy market, holding a market share of 47.91% in 2024 [3] - The company has developed a synergistic model of "investment + manufacturing + sales + service," driving sales performance and diversifying application markets in the hydrogen energy sector [3] Strategic Positioning - The company is leveraging its full industrial chain layout to capitalize on industry development opportunities, aiming to solidify its benchmark position in the industrial gas sector and seize opportunities in emerging strategic sectors [4]

Group 1 - The core point of the article is that Hangyang Co., Ltd. reported a total of 43,757 shareholders as of January 10, 2026 [2]

Investment Rating - The report assigns an "Accumulate" rating for the industrial gas industry [1]. Core Insights - The average price of liquid argon continues to show a year-on-year increase, while rare gases are experiencing low-level fluctuations in weekly prices. Notable events include the opening of Qidong Jinhong and Nanda Optoelectronics' plan to increase its stake in its Ulanqab subsidiary to enhance its electronic specialty gas business [2][4]. Summary by Sections Price Trends - Liquid argon has an average price of 1191 RMB/ton, reflecting a 1.43% decrease week-on-week but a significant 113.84% increase year-on-year. Other gases show varied trends: - Liquid oxygen: 335 RMB/ton, down 3.18% week-on-week, down 8.7% year-on-year - Liquid nitrogen: 363 RMB/ton, down 1% week-on-week, down 5% year-on-year - Rare gases such as high-purity helium and xenon also show declines in price [4][5]. Production Capacity - The average operating load rate for China's industrial gas sector is reported at 66.73%, which is a decrease of 1.88 percentage points week-on-week [6]. Key Events - The opening ceremony of Qidong Jinhong took place on January 10, 2026, aimed at providing high-quality gas products and solutions for key industries in the region. Additionally, Nanda Optoelectronics plans to invest 77.6 million RMB to acquire an additional 16.17% stake in its Ulanqab subsidiary, increasing its ownership to 91.05% [4][5]. Recommended Stocks - The report recommends stocks such as Hangyang Co., Ltd. and Shaangu Power, with related stocks including Zhengfan Technology, Fostar, and Zhongtai Co., Ltd. [4].