股票代码：002430 股票简称：杭氧股份 公告编号：2024-089 转债代码：127064 转债简称：杭氧转债 特此公告。 杭氧集团股份有限公司董事会 2024年9月28日 附件： 杭氧集团股份有限公司组织机构图 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 杭氧集团股份有限公司（以下简称"公司"或"本公司"）于 2024 年 9 月 27 日分别召开了第八届董事会第十二次会议、第八届监事会第十一次会议，审议通过 了《关于调整公司组织架构的议案》。 为进一步推进公司高质量发展，更好地发挥公司战略引领，突出公司核心竞争 力，优化公司治理结构，整合资源配置，提高公司管理水平和运营效率。根据公司 实际生产经营需要，公司对组织架构进行调整与优化，调整后公司组织架构详见附 件。 本次组织架构调整是公司对内部管理机构的调整，符合公司长远发展的需要， 有利于保障公司战略规划有效落地和战略目标实现，不会对公司生产经营活动产生 重大影响。 杭氧集团股份有限公司 关于调整公司组织架构的公告 ...

%% %% 丨证券研究报告丨 联合研究丨公司点评丨杭氧股份（002430.SZ） [Table_Title] 杭氧股份 2024 年半年报点评：气价环比企稳， 设备订单饱满 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------|--------------------------------------------|-------|-------| | | | | | | 报告要点 | | | | | | | | | | [Table_Summary] 2024H1 公司实现营收 67.27 亿元，同比 其中 2024Q2 实现营收 34.22 亿元，同比 | 亿元，同比 -16.76% 。 亿元，同比 -6.33% 。 | | | 分析师及联系人 [Table_Author] 赵智勇 魏凯 曹小敏 王岭峰 SAC：S0490517110001 S0490520080009 SAC：S04905 ...

股票代码：002430 股票简称：杭氧股份 公告编号：2024-084 转债代码：127064 转债简称：杭氧转债 杭氧集团股份有限公司 第八届监事会第十次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 杭氧集团股份有限公司（以下简称"公司"或"本公司"）于 2024 年 9 月 10 日 以通讯方式召开了第八届监事会第十次会议，本次会议的通知及会议资料于 2024 年 9 月 5 日以传真、电子邮件等方式送达各位监事。会议由公司监事会主席董吉琴女士 主持，应参加会议的监事 3 名，实际参加会议的监事 3 名。本次会议的召集和召开符 合《公司法》及《公司章程》的有关规定，合法有效。 会议审议了列入议程的议案。按照《公司章程》的规定，与会监事以书面表决方 式对以下议案进行了表决，通过了以下决议： 同意对公司全资子公司——滕州杭氧气体有限公司（以下简称"滕州杭氧"）增 资，并由其负责新建一套 76700Nm³/h 空分装置项目为联泓（山东）化学有限公司提 供工业气体产品及服务。该项目总投资不超过 53,000 万元，由公司以自有资金对滕 州杭氧增资 ...

股票代码：002430 股票简称：杭氧股份 公告编号：2024-083 转债代码：127064 转债简称：杭氧转债 杭氧集团股份有限公司 第八届董事会第十一次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 《关于全资子公司新建 76700Nm³/h 空分装置为山东联泓化学供气暨对全资子公 司增资的公告》具体内容详见《证券时报》、《上海证券报》和巨潮资讯网 （www.cninfo.com.cn）。 会议审议了列入议程的议案。按照《公司章程》的规定，与会董事以书面表决 方式对以下议案进行了表决，通过了以下决议： 一、审议通过了《关于全资子公司新建 76700Nm³/h 空分装置为山东联泓化学供 气暨对全资子公司增资的议案》； 同意对公司全资子公司——滕州杭氧气体有限公司（以下简称"滕州杭氧"） 增资，并由其负责新建一套 76700Nm³/h 空分装置项目为联泓（山东）化学有限公司 提供工业气体产品及服务。该项目总投资不超过 53,000 万元，由公司以自有资金对 滕州杭氧增资 15,000 万元，其他资金由滕州杭氧以融资方式解决。增资前后滕州杭 氧股 ...

| 股票代码：002430 | 股票简称：杭氧股份 | 公告编号：2024-085 | | --- | --- | --- | | 转债代码：127064 | 转债简称：杭氧转债 | | 杭氧集团股份有限公司 关于全资子公司新建76700Nm³/h空分装置为山东联泓化学供气 暨对全资子公司增资的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 一、对外投资概述 杭氧集团股份有限公司（以下简称"公司"或"本公司"）第八届董事会第十 一次会议、第八届监事会第十次会议审议通过了《关于全资子公司新建 76700Nm³/h 空分装置为山东联泓化学供气暨对全资子公司增资的议案》。为深化落实公司战略 发展规划，加速气体产业布局，公司全资子公司滕州杭氧气体有限公司（以下简称 "滕州杭氧"）与联泓（山东）化学有限公司（以下简称"联泓化学"）签订《工 业气体供应合同》，由滕州杭氧负责投资新建一套 76700Nm³/h 空分装置为联泓化学 提供其所需的工业气体产品及服务，合同期限为 20 年。为确保本次项目建设顺利推 进，公司将以自有资金对滕州杭氧增资 15,000 万元，增资 ...

Investment Rating - Buy rating for the first coverage [1] Core Views - The company is transitioning from equipment manufacturing to operations, leading the domestic air separation industry [1] - The company has shown resilience in adverse market conditions, with 2023 revenue reaching 13.31 billion yuan, a 4.0% YoY increase, and net profit attributable to the parent company of 1.22 billion yuan, a 0.5% YoY increase [1] - The industrial gas industry has a high ceiling, with domestic manufacturers having significant potential [1] - The company is expanding its pipeline gas business, retail gas business, and regional presence, with cumulative oxygen production capacity reaching 3.2 million Nm³/h by the end of 2023 [1] - The company is a leader in air separation equipment, with a market share of 43.21% in 2020, and is actively expanding overseas markets [1] Financial Performance - Revenue for 2023 was 13.31 billion yuan, a 4.0% YoY increase, with net profit attributable to the parent company of 1.22 billion yuan, a 0.5% YoY increase [1] - Revenue for the first half of 2024 was 6.73 billion yuan, a 4.4% YoY increase, with net profit attributable to the parent company of 437 million yuan, a 16.76% YoY decrease [1] - The company's revenue CAGR from 2010 to 2023 was 12%, and net profit CAGR was 10% [1] - Gross margin in 2023 was 22.9%, a 2.6 percentage point decrease YoY, and net profit margin was 9.6%, a 0.4 percentage point decrease YoY [1] Industry Overview - The global industrial gas market size grew from 720.2 billion yuan in 2017 to 943.2 billion yuan in 2021, with a CAGR of 7% [23] - The domestic industrial gas market size grew from 1.211 trillion yuan in 2017 to 1.798 trillion yuan in 2021, with a CAGR of 10% [23] - The domestic industrial gas market is expected to reach 2.842 trillion yuan by 2026 [1] - The outsourcing ratio of the domestic industrial gas market is expected to increase, with the retail gas business expected to grow from 59.1 billion yuan in 2021 to 103.4 billion yuan in 2026, with a CAGR of 11.9% [28] Business Expansion - The company has established eight major regions nationwide, with a focus on East China and Central China, and has expanded into South China, North China, and the Sichuan-Chongqing region [40] - The company signed a gas project in Indonesia in 2023, marking the first step in the internationalization of its gas business [1] - The company is continuously enriching its retail gas business, with the potential to bring performance elasticity when market conditions improve [1] - The company is focusing on the localization of special gases, with products including rare gases, high-purity gases, and electronic bulk gases [43] Air Separation Equipment - The company's air separation equipment market share has been increasing, with a market share of 43.21% in 2020 [1] - The company is actively expanding its overseas market, with foreign trade contract value reaching 908 million yuan in 2023, accounting for 14.03% of total equipment sales contracts [1] - The company's air separation equipment has been exported to more than 40 countries, with foreign trade orders exceeding the total for 2023 by July 2024 [1] Hydrogen Energy - The company is actively developing hydrogen energy-related businesses, including hydrogen production, purification, storage, and refueling [48] - In 2022, the company invested in a 4000 Nm³/h hydrogen purification device and a 6000 kg/d hydrogen refueling station project [48] - In 2023, the company participated in the EPC general contracting project of the largest hydrogen-electricity integrated energy island in China [48]

002430 杭氧集团股份有限公司 证券代码：002430 证券简称：杭氧股份 杭氧集团股份有限公司投资者关系活动记录表 编号：20240902 | --- | --- | --- | |-----------------------------|---------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投 资 者关 系活动 | ☑ | 特定对象调研 □分析师会议 | | 类别 | | □媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | □现场参观 | ☑ 其他 电话会议 | | 参与单位名称及人 | | 海通证券、中金公 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, indicating an expectation to outperform the benchmark index by over 20% in the next six months [4][14]. Core Views - The company reported a revenue of 6.727 billion yuan for the first half of 2024, a year-on-year increase of 4.4%, while the net profit attributable to shareholders decreased by 16.76% to 437 million yuan [1]. - The decline in profitability is attributed to a sluggish downstream market, although the company is actively pushing for the commissioning of gas projects [1]. - The gas sales business generated revenue of 4.024 billion yuan, a slight increase of 0.17% year-on-year, while the equipment business saw a revenue increase of 19.4% to 2.317 billion yuan [1]. Financial Performance Summary - Total revenue for 2024 is projected to be 14.919 billion yuan, with a year-on-year growth rate of 12.1% [2]. - The net profit attributable to shareholders is expected to reach 1.298 billion yuan in 2024, reflecting a growth of 6.8% [2]. - Earnings per share (EPS) are forecasted to be 1.32 yuan for 2024, with a price-to-earnings (P/E) ratio of 13 [2]. Business Development Summary - The company is accelerating the commissioning of gas projects, having established new gas companies to enhance its market presence [1]. - The company has secured significant overseas orders, with the total order amount reaching 3.781 billion yuan in the first half of 2024, indicating a strong order acquisition capability [1]. - The company is focusing on expanding its retail gas and specialty gas markets, with notable advancements in the liquid helium market [1].

国泰君安版权所有发送给上海东方财富金融数据服务有限公司.东财接收研报邮箱.ybjieshou@eastmoney.com p1 股 票 研 究 证 券 研 究 报 告 -40% -29% -17% -6% 5% 17% 2023-08 2023-12 2024-04 本报告导读： [Table_Market] 交易数据 投资要点： [Table_PicQuote] 52周股价走势图 杭氧股份 深证成指 [Table_Report] 相关报告 [当前价格： Table_CurPrice] 16.88 空分设备稳健增长，工业气体有望复苏 杭氧股份(002430) [Table_Industry] 资本货物/工业 | --- | --- | --- | |---------------------------|-----------|-------| | [Table_Invest] 评级： | | 增持 | | | 上次评级: | 增持 | | [Table_Target] 目标价格： | | 20.40 | | | 上次预测: | 33.03 | | --- | --- | --- | |----------| ...

股票代码：002430 股票简称：杭氧股份 公告编号：2024-080 转债代码：127064 转债简称：杭氧转债 杭氧集团股份有限公司 第八届董事会第十次会议决议公告 计为 11,578 万元，新建空分装置的总投资为 36,722 万元，流动资金 1,000 万元。气 体公司的注册资本金为 11,400 万元，由公司以自有资金出资，其余资金考虑融资解 决。气体公司股权结构如下： 单位：万元 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 杭氧集团股份有限公司（以下简称"公司"或"本公司"）于 2024 年 8 月 26 日 以通讯方式召开了第八届董事会第十次会议，本次会议的通知及会议资料于 2024 年 8 月 21 日以传真、电子邮件等方式送达各位董事。会议由公司董事长郑伟先生主持， 应参加会议的董事 9 名，实际参加会议的董事 9 名。本次会议的召集和召开符合《公 司法》及《公司章程》的有关规定，合法有效。 会议审议了列入议程的议案。按照《公司章程》的规定，与会董事以书面表决 方式对以下议案进行了表决，通过了以下决议： 一、审议通过了《关于<2024 年 ...