Heyuan Gas(SZ:002971) Dong Jian Yan Bao·2025-06-12 14:57Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Report Core View - The report presents the Q&A session from the analyst meeting of Heyuan Gas, covering various aspects such as product production, project progress, and corporate finance [24][25][26]. 3. Summary by Relevant Catalogs 3.1 Research Basic Situation - The research object is Heyuan Gas, belonging to the chemical products industry. The reception time was on June 12, 2025. The company's reception staff included the board secretary Li Jipeng, financial director Zhao Xiaofeng, independent director Wang Xiaoning, and securities affairs representative Cui Ruoqing [17]. 3.2 Detailed Research Institutions - The reception object types included network investors and others [20]. 3.3 Research Institution Proportion - No information provided in the given content. 3.4 Main Content Data - Product Production: The company does not produce ethane and butane. It mainly produces silicon - based, fluorine - based, and hydrocarbon - series electronic specialty gases. In the Yichang Industrial Park, high - purity nitrogen trifluoride, tungsten hexafluoride, and hexafluorobutadiene are planned, with nitrogen trifluoride and tungsten hexafluoride in trial production and set to start verification and import work in Q3 [24]. - Production Capacity and Output Value: Based on planned and built product capacities and current market prices, the output value of the built - in capacity of the Qianjiang Industrial Park is about 1.2 - 1.5 billion yuan, and that of the first - phase built - in capacity of the Yichang Industrial Park is about 2.5 - 4 billion yuan [25]. - Fixed - Increase Progress: The fixed - increase matter is progressing normally, and the company is currently implementing the capital plan as required [25]. - Dividend Plan: The company will comprehensively consider based on securities laws and regulations, the 2024 - 2026 shareholder return plan, and current operating conditions, with details subject to public disclosure [25]. - Product Supply: The company has good communication with many silicon - carbon anode enterprises. The second - phase silane project will adjust the construction progress according to market demand and is planned to be put into production next year. Fluorine - based electronic specialty gases are mainly used in semiconductor and panel enterprises [25]. - Second - Phase Project: The Yichang Industrial Park's second - phase project has planned 15,000 tons of electronic - grade silane, silane storage and filling facilities, and electronic specialty gas precursor projects. The silane storage and filling facilities have been completed, and the progress of the second - phase project will be adjusted according to the stable production progress of the first - phase products and market demand [26].