华林证券股份有限公司 关于湖北和远气体股份有限公司 2024 年度向特定对象发行 A 股股票 上市保荐书 保荐人（主承销商） （西藏自治区拉萨市柳梧新区国际总部城3幢1单元5-5） 二〇二五年七月 华林证券股份有限公司 关于湖北和远气体股份有限公司 2024 年度向特定对象发行 A 股股票上市保荐书 中国证券监督管理委员会、深圳证券交易所： 华林证券股份有限公司（以下简称"华林证券"）及其指定的保荐代表人根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、《证券发行上市保荐业务管理办法》（以 下简称"《管理办法》"）和《深圳证券交易所股票发行上市审核规则》等有关 法律、法规和深圳证券交易所及中国证监会的有关规定，诚实守信，勤勉尽责， 严格按照依法制定的业务规则和行业自律规范出具上市保荐书，并保证所出具文 件真实、准确、完整。 （本上市保荐书中如无特别说明，相关用语具有与《湖北和远气体股份有限 公司 2024 年度向特定对象发行 A 股股票募集说明书》中相同的含义）。 一、发行人基本情况 和远气体主要经营各类气体产品的研发、生产、销售、服务以及工业尾气 ...

立信会计师事务所（特殊普通合伙） 关于湖北和远气体股份有限公司 申请向特定对象发行股票的 审核问询函的回复 信会师函字[2025]第 ZE048 号 立信会计师事务所（特殊普通合伙） 关于湖北和远气体股份有限公司 申请向特定对象发行股票的审核问询函的回复 特别说明： 本所没有接受委托审计或审阅发行人 2025 年 1-3 月期间的财务报表，以 下所述的核查程序及核查意见不构成审计或审阅。 本问询函回复中的字体： | 审核问询函所列问题 | 黑体（不加粗） | | --- | --- | | 审核问询函所列问题的回复 | 宋体 | 本问询函回复若出现总数与各分项数值之和尾数不符的情况，均为四舍五入 原因所致。 2-1 问题 1 信会师函字[2025]第 ZE048 号 根据申报材料，截至 2024 年 9 月 30 日，杨涛、杨峰、杨勇发、冯杰分别持 有公司 20.97%、7.53%、3.29%、1.33%股份，合计持有公司股份的 33.11%；杨 涛、杨勇发为兄弟关系，冯杰为杨涛、杨勇发的妹夫，前述四人签订了一致行动 协议，为公司控股股东、实际控制人。杨涛、杨峰、杨勇发、冯杰持有公司股票 被质押股数占其持有公 ...

湖北和远气体股份有限公司 与 华林证券股份有限公司 关于 湖北和远气体股份有限公司 申请向特定对象发行股票 的审核问询函回复 保荐人（主承销商） （西藏自治区拉萨市柳梧新区国际总部城3幢1单元5-5） 二〇二五年七月 1-1 深圳证券交易所： 根据深圳证券交易所上市审核中心 2025 年 2 月 26 日出具的《关于湖北和远 气体股份有限公司申请向特定对象发行股票的审核问询函》（审核函〔2025〕 120008 号）（以下简称"问询函"）的要求，湖北和远气体股份有限公司（以下 简称"和远气体"、"发行人"、"申请人"、"上市公司"或"公司"）已会 同华林证券股份有限公司（以下简称"保荐人"或"华林证券"）、泰和泰（武 汉）律师事务所（以下简称"律师"或"泰和泰"）及立信会计师事务所（特殊 普通合伙）（以下简称"会计师"或"立信"）等中介机构本着勤勉尽责、诚实 守信的原则，对问询函所提出的问题进行了逐项落实，现将有关事项回复如下， 请予以审核。 如无特别说明，本回复报告中的简称或名词释义与《湖北和远气体股份有限 公司 2024 年度向特定对象发行 A 股股票募集说明书（申报稿）》（以下简称"募 集说明书"）一致 ...

2024 年度向特定对象发行 A 股股票之发行保荐书 华林证券股份有限公司（以下简称"本保荐人"）接受关于湖北和远气体股 份有限公司（以下简称"发行人"、"公司"）的委托，担任其 2024 年度向特 本保荐人及其保荐代表人根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上市 公司证券发行注册管理办法》（以下简称"《管理办法》"）等有关法律、法规 行业执业规范和道德准则出具发行保荐书，并保证所出具文件的真实性、准确性 本发行保荐书如无特别说明，相关用语具有与《湖北和远气体股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书》中相同的含义。 3-1-1 关于湖北和远气体股份有限公司 定对象发行 A 股股票并在主板上市的保荐人。 和中国证监会的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则、 和完整性。 第一节 本次证券发行基本情况 | 一、保荐代表人及其他项目人员情况 | | --- | | 成员 | 姓名 | 保荐业务执业情况 | | --- | --- | --- | | 保荐代表人 | 韩志强 | 保荐代表人，曾负责或参与 ...

泰和泰（武汉）律师事务所 关于湖北和远气体股份有限公司 2024 年度向特定对象发行 A 股股票 补 充 法 律 意 见 书 （ 一 ） 中国湖北省武汉市硚口区京汉大道 688 号武汉恒隆广场办公楼 5101-5115 单元 51/F,Heartland Office Tower,No.688,Jinghan Avenue, Qiaokou District,Wuhan, China 电话（Tel）：+86-027-88706388 邮编（Postcode）：430030 二〇二五年七月 | 第一部分 | 正 文 4 | | --- | --- | | 一、《审核问询函》问题 | 4 4 | | 二、《审核问询函》问题 | 5 15 | | 第二部分 结 尾 | 39 | | 一、补充法律意见书出具及签字盖章 39 | | | 二、补充法律意见书的正本、副本份数 39 | | 关于湖北和远气体股份有限公司 2024 年度向特定对象发行 A 股股票 补充法律意见书（一） 致：湖北和远气体股份有限公司 泰和泰（武汉）律师事务所作为具有从事法律业务资格的律师事务所，接受 湖北和远气体股份有限公司的委托，担任发行人本 ...

证券代码：002971 证券简称：和远气体 公告编号：2025-041 湖北和远气体股份有限公司 关于向特定对象发行股票审核问询函回复等 文件更新的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 根据湖北和远气体股份有限公司(以下简称"公司")于 2025 年 2 月 26 日收 到的深圳证券交易所(以下简称"深交所")《关于湖北和远气体股份有限公司申 请向特定对象发行股票的审核问询函》（审核函〔2025〕120008 号）(以下简称 《审核问询函》)要求，公司会同相关中介机构对《审核问询函》所提出的问题 进行了认真研究和落实后，对《审核问询函》所列问题进行了逐项说明和回复， 具体内容详见公司于 2025 年 3 月 20 日在巨潮资讯网(www.cninfo.com.cn)披露 的《关于湖北和远气体股份有限公司申请向特定对象发行股票的审核问询函回 复》等相关文件。 后续公司根据已披露的《2024 年年度报告》和《2025 年一季度报告》，会 同相关中介机构对《关于湖北和远气体股份有限公司申请向特定对象发行股票的 审核问询函回复》中涉及的相关文件内 ...

Group 1: Company Overview and Development - The company has invested over 3 billion CNY to establish two electronic specialty gas industrial parks in Yichang and Qianjiang, focusing on six business directions: electronic specialty gases, electronic chemicals, silicon-based functional materials, bulk gases, industrial chemicals, and waste gas recovery [2] - The company maintains a strong development momentum in bulk gases such as oxygen, nitrogen, and argon, leveraging resources and location advantages from the Yichang and Qianjiang chemical parks [2] Group 2: Production and Market Performance - As of the first half of the year, the Qianjiang electronic specialty gas industrial park has achieved stable production of high-purity ammonia, high-purity hydrogen, and high-purity carbon monoxide, with high-purity hydrogen sales showing growth [2] - The Qianjiang industrial park is expected to reach stable production of electronic-grade hydrogen chloride, chlorine, and carbonyl sulfide in Q3, with certification for semiconductor and panel enterprises starting in Q4 [2] - The Yichang industrial park's main production lines for trichlorosilane, silane, and tetrachlorosilicon have reached stable operation, with all planned products expected to be in stable production by the end of the year [2] Group 3: Future Outlook and Risks - The gradual production ramp-up of the two industrial parks and the increase in industrial gas projects are anticipated to lead to steady growth in the company's operations [2] - Risks include potential delays in project production schedules due to technical complexities and safety audits, as well as market fluctuations affecting product prices [3]

Core Viewpoint - The high-purity ammonia industry in China is experiencing significant growth driven by increasing domestic demand in the semiconductor, photovoltaic, and LCD sectors, supported by government policies aimed at import substitution and technological advancement [1][9][11]. Industry Overview - High-purity ammonia, with a purity of over 99.999%, is essential for producing materials like gallium nitride (GaN) and silicon nitride (Si3N4), which are used in LED and solar cell manufacturing [3][5]. - The production methods for high-purity ammonia include multi-stage adsorption and distillation processes, achieving varying purity levels [3]. Market Demand and Supply - China's high-purity ammonia production is projected to grow from 36,000 tons in 2018 to 62,000 tons by 2024, while demand is expected to reach 61,000 tons in 2024, reflecting a year-on-year increase of 10.9% [1][9]. - The market size for high-purity ammonia is anticipated to reach 470 million yuan in 2024, marking a 6.8% increase from the previous year [11]. Competitive Landscape - The high-purity ammonia market is characterized by high concentration among a few large companies, which possess advantages in production scale, technology, and brand influence [13]. - Key players in the industry include Zhejiang Yindesai Semiconductor Materials Co., Hubei Heyuan Gas Co., and Jinhong Gas Co., among others [13][15]. Government Policies - The Chinese government has implemented various policies to support the development of the high-purity ammonia sector, including the "14th Five-Year Plan for the Development of the Raw Materials Industry," which emphasizes the advancement of high-purity chemicals and industrial gases [5][7]. Future Trends - The semiconductor industry is expected to drive the demand for high-purity ammonia due to the increasing need for high-performance chips in emerging technologies like AI and new energy vehicles [19]. - There is significant potential for domestic substitution in the high-purity ammonia market, as local companies enhance their technological capabilities [20]. - The industry is also moving towards greener production methods in response to carbon neutrality goals, focusing on reducing carbon emissions and energy consumption [21].

Group 1: Strategic Layout and Industry Advantages - The company builds a full industrial chain circular system based on resources from Yichang and Qianjiang chemical parks, focusing on "electronic specialty gases → electronic chemicals → functional new materials" [2][3] - The regional centralized gas supply and tail gas recovery model reduces customer gas costs, forming a core competitive advantage for park-based enterprises [3] Group 2: Technical Research and Production Capacity - The company possesses core technologies in gas separation, purification, and synthesis, with products benchmarked against international enterprises, covering sectors like semiconductors, photovoltaics, and biomedicine [3] - After reaching full production, the Qianjiang industrial park is expected to generate an annual output value of 1.2-1.5 billion yuan (approximately $170-210 million) from 2025 to 2027, while the Yichang industrial park's first phase is projected to achieve an annual output value of 2.5-4 billion yuan (approximately $350-560 million) from 2025 to 2028 [3] Group 3: Market Expansion and Customer Introduction - The company has completed the introduction of high-purity ammonia products to all major players in the photovoltaic sector by 2024 [3] - A joint venture with Xingfu Electronics has been established to enter the electronic specialty gas market [4] Group 4: Policy and Industry Context - The company aligns with national strategies and is supported by local governments, integrating into the Wuhan "optical core screen terminal network" trillion-level industrial cluster [4] - The industrial gas market in China is growing annually, driven by the demand for electronic specialty gases from the semiconductor and related industries [4] - Multiple financing channels ensure cash flow stability, with the controlling shareholder's private placement project progressing smoothly, aiming to reduce the debt-to-asset ratio to below 70% [4] Group 5: Risk Considerations - Project production schedules may be affected by technical complexity and safety reviews, with potential delays in achieving expected performance in 2024 [4] - The semiconductor certification cycle is lengthy, and there may be delays in capacity release, along with market price fluctuations impacting product pricing [4]

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - The industrial gas sector is experiencing a price upturn, with liquid oxygen showing a continuous year-on-year growth for three consecutive weeks [3][10] - The market for industrial gases in China is approximately 200 billion yuan, with a compound annual growth rate exceeding 10% over the past five years [4][56] - The electronic gas sector is expected to benefit from the gradual recovery of the semiconductor industry, with the global electronic gas market projected to exceed 50 billion yuan by 2025 [54][57] Price Tracking - In June, the average prices for liquid oxygen, liquid nitrogen, and liquid argon were 448 yuan/ton (up 4.7% month-on-month, up 0.5% year-on-year), 480 yuan/ton (up 6% month-on-month, up 5% year-on-year), and 629 yuan/ton (up 3.5% month-on-month, down 35.6% year-on-year) respectively [3][9] - As of July 3, the prices were 449 yuan/ton for liquid oxygen (up 1.4% month-on-month, up 3.5% year-on-year), 469 yuan/ton for liquid nitrogen (down 0.2% month-on-month, up 7% year-on-year), and 628 yuan/ton for liquid argon (down 1.1% month-on-month, down 27% year-on-year) [10] Supply and Demand Tracking - The operating load rate of air separation units in China is showing a rebound, with market supply tightening due to maintenance and increased self-use by major enterprises [36] - In June, the PMI was recorded at 49.7, indicating a slight improvement over the past two months [37] Investment Recommendations - Key recommendations include Hangyang Co., Ltd., with continuous recommendations for Qiaoyuan Co., Ltd. and Shangu Power, and suggestions to pay attention to HeYuan Gas, China Shipbuilding Special Gas, Guanggang Gas, Huate Gas, and Kaimeite Gas [55][56] - The report emphasizes the potential for domestic companies to increase their market share in the electronic gas sector, with a significant shift from foreign to domestic suppliers [53][57]