Core Viewpoint - The report outlines the ongoing public offering of shares by China Shipbuilding (Handan) Peric Special Gas Co., Ltd., detailing the issuance of 79,411,765 shares at a price of 36.15 RMB per share, raising a total of approximately 2.87 billion RMB. The report also emphasizes the continuous supervision and compliance measures undertaken by the sponsor, CITIC Securities, during the listing process [1]. Continuous Supervision Work - The sponsor has established and effectively implemented a continuous supervision work system, ensuring compliance with regulations [3]. - A continuous supervision agreement was signed between the sponsor and the company, clarifying rights and obligations during the supervision period [3]. - The sponsor conducts ongoing supervision through regular communication, site visits, and due diligence [3][4]. Financial Performance - For the first half of 2024, the company reported operating revenue of approximately 1.04 billion RMB, a 12.60% increase compared to the previous year [10]. - The net profit attributable to shareholders was approximately 196.18 million RMB, reflecting a decrease of 4.77% [10]. - The company's total assets reached approximately 6.57 billion RMB, an increase of 3.93% [10]. Core Competitiveness - The company focuses on technological innovation and has established a strong R&D team, with 138 dedicated R&D personnel, accounting for over 16% of the workforce [11]. - The company holds 174 invention patents and 161 utility model patents, showcasing its commitment to innovation [11]. - The company has developed advanced core technologies in various processes, with seven technologies at an international leading level [11]. Risk Factors - The company faces core competitiveness risks due to the rapid technological advancements in the semiconductor industry, necessitating continuous R&D investment [6]. - Operational risks are present as the company’s products are critical to high-end manufacturing, and any quality issues could lead to significant customer complaints and financial liabilities [6]. - Financial risks are highlighted due to the capital-intensive nature of the industry, with fixed assets accounting for 37.83% of total assets [7]. Compliance and Governance - The company has maintained compliance with relevant regulations and has not encountered any major violations during the supervision period [4][8]. - The governance structure has been refined to ensure clear responsibilities among the board and management, aligning with modern corporate governance practices [12]. Market Position and Client Base - The company has established a diverse client base, including major players in the semiconductor and display panel industries, enhancing its market position [13]. - The company has entered the supply chain for advanced 3nm process nodes, indicating its capability to meet high industry standards [13]. Use of Raised Funds - As of June 30, 2025, the company has maintained compliance in the use of raised funds, with a balance of approximately 2.15 billion RMB in the dedicated account [17].

Core Viewpoint - Hunan Kaimete Gas Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, indicating a strong operational recovery and potential for continued growth in various gas products [1][2]. Financial Performance - The company achieved approximately 310 million yuan in revenue, a year-on-year increase of 10.52% [1]. - Net profit attributable to shareholders reached about 55.85 million yuan, marking a substantial increase of 199.82% compared to the same period last year [1]. Product Performance - Sales revenue for carbon dioxide products grew by 6.53%, with a gross margin of 38.52%. The upcoming consumption peak in the food and beverage sectors is expected to drive further demand [1]. - Hydrogen product sales increased by 7.30%, with a gross margin of 35.21%. Anticipated growth in domestic hydrogen demand due to favorable policies is expected to benefit the company's hydrogen business [1]. - Fuel products saw a sales revenue increase of 14.69%, with a decrease in operating costs by 6.51%, leading to a gross margin of 38.79%, up by 13.89 percentage points year-on-year [2]. Strategic Developments - The electronic specialty gas segment has made positive strides, with excimer laser gas products receiving certification from Coherent, and photolithography gases gaining international recognition. This enhances the company's credibility and market presence in the electronic specialty gas sector [2]. - The company is positioned to capitalize on the rapid growth of domestic semiconductor and photovoltaic industries, potentially leading to a new phase of rapid growth in its electronic specialty gas and mixed gas production capabilities [2].

Core Viewpoint - Hubei Heyuan Gas Co., Ltd. is preparing to issue A-shares to specific investors in 2024, with legal opinions provided by Taihe Tai (Wuhan) Law Firm regarding compliance with relevant laws and regulations [1][2][3]. Group 1: Legal Opinions and Compliance - The law firm has issued a supplementary legal opinion based on the inquiry from the Shenzhen Stock Exchange regarding the company's A-share issuance [2]. - The supplementary legal opinion is an integral part of the previous legal opinion and lawyer's work report, clarifying that any discrepancies will be governed by the latest document [2][3]. Group 2: Financial and Administrative Penalties - In 2023, the company incurred a total of 693,600 yuan in administrative penalties, primarily due to late payment of taxes such as stamp duty and property tax [4]. - The company has faced two administrative penalties during the reporting period, with specific incidents involving safety violations and tax issues [4][5]. Group 3: Internal Control Measures - The company has established a comprehensive tax management system to mitigate tax risks and ensure compliance with tax laws, including regular self-inspections and training for financial personnel [6][7]. - Following the administrative penalties, the company has implemented corrective measures, including financial audits and enhanced training for staff to prevent future violations [11][12]. Group 4: Assessment of Violations - The administrative penalties faced by the company are classified as minor violations, not constituting major legal infractions under relevant regulations [12][13]. - The company has taken steps to rectify the issues leading to penalties, ensuring compliance with safety and operational standards [11][12].

Group 1 - The core business of the company is the research, production, and sales of electronic specialty gases and trifluoromethanesulfonic acid series products [2] - The company has achieved significant recognition, including 5 Hebei Provincial Science and Technology Progress Awards and 2 Hebei Provincial Invention Awards, along with over 20 provincial and ministerial-level awards [2] - As of the latest quarterly report, the company reported a revenue of 516 million yuan, a year-on-year increase of 17.08%, and a net profit of 86.67 million yuan, a year-on-year decrease of 5.52% [2] Group 2 - The company's current price-to-earnings (PE) ratio is 49.32, compared to the industry average of 53.53 and the industry median of 49.92 [1][3] - The total market capitalization of the company is 14.739 billion yuan [1] - As of the first quarter of 2025, there are 9 institutions holding shares in the company, with a total holding of 62.1994 million shares valued at 1.776 billion yuan [1]

Core Points - The company Zhongchuan Special Gas closed at 28.88 yuan, up 2.41%, with a rolling PE ratio of 51.16, marking a new low in 24 days, and a total market capitalization of 15.289 billion yuan [1] - In the electronic chemical industry, the average PE ratio is 55.62, with a median of 51.33, placing Zhongchuan Special Gas at 16th position [1] - As of the first quarter of 2025, nine institutions held shares in Zhongchuan Special Gas, with a total holding of 62.1994 million shares valued at 1.776 billion yuan [1] Company Overview - Zhongchuan (Handan) Special Gas Co., Ltd. specializes in the R&D, production, and sales of electronic specialty gases and trifluoromethanesulfonic acid series products [1] - Key products include high-purity nitrogen trifluoride, high-purity tungsten hexafluoride, high-purity hydrogen chloride, high-purity hydrogen fluoride, high-purity silicon tetrafluoride, high-purity deuterium, high-purity hexafluorobutylene, high-purity octafluorocyclobutane, and electronic mixed gases, as well as new fluorine-containing materials [1] - The company has received several prestigious awards, including the "First Prize for Technological Progress in Hebei Province" and recognition as a "Demonstration Enterprise of Specialized and Innovative" in Hebei Province [1] Financial Performance - For the first quarter of 2025, the company reported revenue of 516 million yuan, a year-on-year increase of 17.08%, and a net profit of 86.6735 million yuan, reflecting a year-on-year decrease of 5.52% [2] - The sales gross margin stood at 28.80% [2] - The company's PE ratio (TTM) is 51.16, while the industry average is 55.62, and the industry median is 51.33 [2]

中船（邯郸）派瑞特种气体股份有限公司 Peric Special Gases Co., Ltd. （河北省邯郸市肥乡区化工工业聚集区纬五路 1 号） 业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充 分了解科创板的投资风险及本公司所披露的风险因素，审慎作出投资决定。 联席主承销商 （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 本次发行股票拟在科创板上市，科创板公司具有研发投入大、经营风险高、 首次公开发行股票并在科创板上市 中船（邯郸）派瑞特种气体股份有限公司 招股意向书 招股意向书 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 中船（邯郸）派瑞特种气体股份有限公司 招股意向书 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | --- | --- | | 发行股数 | 本次公开发行股票数量为 79,411,765 股，占发行后总股本的比例为 | | | 15%，本次发行全部为发行新股，不涉及公司股东公开发售股份 | | 每股面值 | 人民币 1.00 元 | | 每股发行价格 | 【】元 | | 预计发行日期 | 2023 年 4 月 1 ...

科创板风险提示：本次股票发行后拟在科创板市场上市，该市场具有较高 的投资风险。科创板公司具有研发投入大、经营风险高、业绩不稳定、退 市风险高等特点，投资者面临较大的市场风险。投资者应充分了解科创板 市场的投资风险及本公司所披露的风险因素，审慎作出投资决定。 中船（邯郸）派瑞特种气体股份有限公司 Peric Special Gases Co., Ltd. （河北省邯郸市肥乡区化工工业聚集区纬五路 1 号） 免责声明:本公司的发行申请尚需经上海证券交易所和中国证监会履行相应 程序。本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。 投资者应当以正式公告的招股说明书作为投资决定的依据。 保荐机构（主承销商） （北京市朝阳区安立路 66 号 4 号楼） （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 联席主承销商 首次公开发行股票并在科创板上市 招股说明书 （注册稿） 中船（邯郸）派瑞特种气体股份有限公司 招股说明书 声 明 | 发行股票类型 | 人民币普通股（A 股） | | --- | --- | | 发行股数 | 本次发行股数不低于发行后总股本的 10%且不超过 15%，即发行股数 不 ...