HANGYANG LIMITED(002430) 证券时报网·2025-03-27 15:12Core Viewpoint - The company, Hangyang Co., Ltd., continues to deepen its industrial gas services and air separation equipment manufacturing business while actively laying out emerging energy sectors such as hydrogen energy and CCUS [1][2]. Financial Performance - The company achieved an operating revenue of 13.716 billion yuan, a year-on-year increase of 3.06% [1]. - The net profit attributable to shareholders was 922 million yuan, a year-on-year decrease of 24.15% [1]. Market Position and Innovation - As a leading supplier of air separation equipment in China, the company maintains a leading market share in low-temperature petrochemical products such as air separation equipment and ethylene cold boxes [1]. - The company has authorized a total of 605 patents, including 170 invention patents, with 75 new patents authorized during the reporting period [1]. - The air separation equipment is widely used in the metallurgy and traditional chemical industries, with expanding market space in emerging industries driven by new demands [1]. Industrial Gas Services - The company signed six new gas investment projects during the reporting period, with a total new production capacity of approximately 650,000 Nm³/h [2]. - The company sold 45,000 tons of medical oxygen and has launched its first on-site medical gas production project [2]. - The company is actively expanding into new gas application fields while maintaining its core competitiveness in the industrial gas market [2]. Emerging Energy Business - The company is actively laying out hydrogen energy, energy storage, and CCUS projects, with a focus on integrated hydrogen production, storage, and transportation projects [2]. - The company possesses mature hydrogen purification technology and full-process design capabilities for hydrogen liquefaction [2]. Research and Development - The company spent 449 million yuan on R&D during the reporting period, remaining stable compared to the previous year [2]. - The company collaborates with universities and research institutions to form an open innovation consortium, addressing technical challenges faced by the industry [2]. Shareholder Returns - The company plans to distribute a cash dividend of 3 yuan per 10 shares (including tax) to share growth dividends with shareholders [3].