（文章来源：证券日报） 证券日报网讯 2月3日，杭氧股份在互动平台回答投资者提问时表示，截至2026年1月31日公司股东人数 为42198户。 ...

液氧/氮周均价环比略涨；杭氧中标西非 地区某炼油厂配套制氮设备项目 工业气体行业周度跟踪（2026 年 1 月第 5 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 5 周，液氧/氮周均价环比略涨，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。事件端看，杭氧集团中标西非地区某炼油厂 配套制氮设备项目，陕鼓 CCS 装置高压力 CO2压缩机一次试车成功。 投资要点： 中国工业气体周度开工负荷率：根据卓创数据，截至 2025 年 12 月 31 日，中国工业气体周度开工负荷率平均值 66.73%，环比-1.88pp。 [Table_Report] 相关报告 机械行业《Figure 发布 Helix 02 ...

液氧/氮周均价环比略涨；杭氧中标西非 地区某炼油厂配套制氮设备项目 工业气体行业周度跟踪（2026 年 1 月第 5 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 | 中国工业气体周度开工负荷率：根据卓创数据，截至 2025 年 12 月 31 日，中国工业气体周度开工负荷率平均值 66.73%，环比-1.88pp。 [Table_Report] 相关报告 机械行业《Figure 发布 Helix 02 大模型；特斯拉 预计年底前实现 Optimus V3 量产》2026.02.01 机械行业《FIA 发布 "欧洲聚变能源：行动倡 议"， 四川"聚变产投"正式运营》2026.02.01 机械行业《SpaceX 申请百万卫星布局轨道 AI 数据中心，太空光伏与设备 ...

Group 1 - Hangyang Group is recognized as a "national heavy weapon" in the air separation equipment field and has established itself as a "specialized, refined, distinctive, and innovative enterprise incubator" [1] - The company has nurtured 5 national specialized "little giant" enterprises and 8 provincial specialized small and medium-sized enterprises, contributing to the enhancement of enterprise competitiveness and the strengthening of industrial chains [1] - Hangyang Group focuses on industrial gases as its core, driving the collaborative development of equipment, engineering, and services, ensuring stable gas supply through customized equipment manufacturing [1] Group 2 - The emphasis on independent innovation and deepening the industrial chain is crucial for Hangyang Group's internal growth, aligning with Hangzhou's goal of becoming a national specialized and innovative city [2] - By the end of 2025, Hangzhou aims to cultivate 600 national specialized "little giant" enterprises and over 4,000 specialized small and medium-sized enterprises, ranking fifth nationally and first in the province [2] - The city has introduced two new policy frameworks to support the development of quality enterprises, including measures for lifecycle support and incentives for innovative small and medium-sized enterprises [2][3] Group 3 - The core manufacturing link expansion and quality improvement implementation plan aims to achieve comprehensive coverage of key manufacturing links within the region by 2027 [3] - The measures for specialized and innovative cities include 15 initiatives designed to support enterprises at different development stages, such as tiered rewards for newly recognized enterprises and support for AI and 5G factory construction [3] - The goal is to reach 750 specialized "little giant" enterprises by 2028 and to enter the "thousand little giants" club by 2030 [3]

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]

Investment Rating - The industry investment rating is "Overweight" [4][15]. Core Insights - The weekly average price of liquid gas has slightly decreased, while the weekly average price of liquid argon continues to show a significant year-on-year increase. Rare gases are experiencing low-level fluctuations [2][4]. - Notable events include Guanggang Gas winning a supply contract for TCL's 8.6 generation OLED printing and Hangyang successfully winning contracts for four sets of 100,000 cubic meter air separation units for the National Energy Yulin Circular Economy Coal Comprehensive Utilization Project [2][4]. Price Trends - As of January 22, 2026, the weekly price situation for gases is as follows: 1. Liquid Oxygen: Average price of 333 RMB/ton, down 0.3% month-on-month, down 3.8% year-on-year 2. Liquid Nitrogen: Average price of 362 RMB/ton, up 0.2% month-on-month, down 1.6% year-on-year 3. Liquid Argon: Average price of 1,148 RMB/ton, down 2.63% month-on-month, up 131.22% year-on-year 4. Rare Gases: - High-purity helium (cylinder): Average price of 84.71 RMB/cubic meter, down 2.06% month-on-month, down 13.24% year-on-year - High-purity helium (40L cylinder): Average price of 607.14 RMB/cylinder, down 0.15% month-on-month, down 7.86% year-on-year - Xenon: Average price of 20,785.71 RMB/cubic meter, down 1.02% month-on-month, down 28.33% year-on-year - Krypton: Average price of 190 RMB/cubic meter, unchanged month-on-month, down 39.68% year-on-year - Neon: Average price of 110 RMB/cubic meter, unchanged month-on-month, down 12% year-on-year [4][6][7]. Company Recommendations - Recommended stocks include Hangyang Co., Ltd. and Shaanxi鼓动力, with related stocks being Zhengfan Technology, Fostar, and Zhongtai Co., Ltd. [4][5].

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].