股票代码：688146 股票简称：中船特气 会议资料 二〇二五年七月 中船（邯郸）派瑞特种气体股份有限公司 中船（邯郸）派瑞特种气体股份有限公司 议案一: 关于提请审议接受国有资本经营预算资本性资金并通过控股股 中船（邯郸）派瑞特种气体股份有限公司 为了维护全体股东的合法权益，确保中船（邯郸）派瑞特种 气体股份有限公司（以下简称"中船特气"或"公司"）股东会 的正常秩序和议事效率，保证会议的顺利进行，根据《中华人民 共和国公司法》《中华人民共和国证券法》《上市公司股东大会 规则（2022 年修订）》以及《中船（邯郸）派瑞特种气体股份 有限公司章程》（以下简称"《公司章程》"）等相关规定，特 制定本须知： 一、为确认出席大会的股东或其代理人或其他出席者的出席 资格，会议工作人员将对出席会议者的身份进行必要的核对工作， 请被核对者给予配合。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的 合法权益，请出席大会的股东或其代理人或其他出席者在会议召 开前 30 分钟到达会场签到确认参会资格，除出席会议的股东及 股东代理人、公司董事、监事、高级管理人员、见证律师及董事 会邀请的人员外，公司有权依法拒绝其他无关人员 ...

Group 1 - The second meeting of the supervisory board of China Shipbuilding (Handan) Special Gas Co., Ltd. was held on July 11, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1][2] - The supervisory board approved the comprehensive risk management report for 2024, which was based on a risk-oriented approach and included assessments for 2025 [1][2] - The board also approved a proposal to accept state-owned capital operating budget capital funds through a loan agreement with the controlling shareholder, pending further review by the shareholders' meeting [2]

Core Viewpoint - Hefei Xianwei Semiconductor Materials Co., Ltd. (Xianwei Gas) has completed a multi-million A+ round financing to enhance R&D, team expansion, and working capital [2][3]. Company Overview - Founded in 2022, Xianwei Gas specializes in the R&D, production, storage, transportation, and analysis of high-purity electronic specialty gases, addressing the national strategic gas resource shortage [2][3]. - The founder, Dong Yizhong, has over 20 years of experience in gas production, R&D, product application, marketing, and team management, with a founding team averaging over 20 years in leading chip and gas companies [2][3]. Market Potential - The electronic specialty gas market is expected to reach 30-40 billion by 2026, driven by the rapid development of high-tech industries such as integrated circuits and display panels [3][4]. - Historically, the domestic supply of electronic specialty gases relied heavily on foreign companies, but since 2017, domestic firms have begun to scale up and replace imports [3][4]. Product and Service Capabilities - Xianwei Gas has developed a comprehensive product line covering over 100 types of specialty gases, including diffusion gases, etching gases, cleaning gases, and laser gases, making it the company with the most diverse product offerings in China [4][5]. - The company has established three production bases in Anhui, with the Feidong base already operational and the other two bases expected to be operational by mid-2025 [5][6]. Commercialization and Client Base - Xianwei Gas has secured major clients in the integrated circuit, display panel, and new energy sectors, including Jianghuai Automobile, Volkswagen, and Changxin Integrated [5][6]. - The company is also in discussions with leading firms like BOE and TCL Huaxing for further collaboration [6]. Investment Insights - Investors view electronic specialty gases as essential for the electronics industry, with high demand from sectors like new energy vehicles and photovoltaic cells [7]. - Xianwei Gas's team possesses critical technology in gas synthesis, purification, and packaging, positioning the company favorably for market competition and domestic substitution efforts [7].

Summary of Huate Gas Conference Call Company Overview - **Company**: Huate Gas - **Industry**: Specialty gases, particularly for the semiconductor sector Key Points and Arguments Financial Performance - In Q1 2025, Huate Gas experienced a slight decline in profits due to ruble settlement impacts, resulting in a loss of approximately 4 million yuan, but net profit margin increased by about 1 percentage point year-over-year [2][3][4] - The company aims for a revenue growth of 16-17% for the year, excluding potential acquisitions [4] Product Development and Market Strategy - Huate Gas plans to launch four new products in 2025: hydrogen bromide, boron trichloride, nitrogen trifluoride, and high-purity silane, with an expected annual output value of around 70-80 million yuan [2][6] - The company anticipates a 70-80% growth in its best-selling product, perfluorinated compounds, which will be supplied to clients like Yangtze Memory Technologies, ZTE, and Micron [2][4][6] - The company is focusing on expanding its presence in the U.S. market to mitigate tariff challenges and enhance collaboration with key clients like Kete Semiconductor and Micron [5][6] Market Dynamics - The semiconductor industry is currently facing challenges, with global utilization rates not ideal, particularly for major players like Samsung [20] - Domestic demand for industrial gases has shown signs of improvement in early 2025, while the welding and insulation gas sectors are expected to remain stable [21] Competitive Positioning - Huate Gas has improved its competitiveness over the past two to three years through new product conversions, strategic adjustments, and increased self-developed materials, resulting in a gross margin increase of approximately 7 percentage points [15] - The company is gradually shifting away from traditional equipment manufacturing to focus on self-developed products, which enhances its competitive edge [7] Supply Chain and Raw Material Management - The company faced a 20 percentage point gross margin loss due to a spike in germanium prices last year, but prices have since stabilized [8] - Huate Gas employs price-locking agreements to ensure cost stability [8] Future Outlook - The sales target for 2025 is set at 100 million yuan, heavily reliant on the operational status of Samsung's production lines [9] - The company is also planning to establish a trade base in the U.S. to navigate tariff impacts and ensure smooth market entry [27] Legal and Project Developments - The South Tong project is a significant investment for Huate Gas, with an initial investment of approximately 1 billion yuan [30] - The company is involved in a legal dispute regarding a factory acquisition in the Southwest region, with a favorable outcome expected [30] Challenges and Opportunities - Huate Gas faces technical barriers in product development, particularly for products that have not yet achieved domestic production [26] - The company is exploring opportunities in high-purity acetylene and other advanced materials, with plans for significant product launches in 2026 [29] Additional Important Information - The company has made historical breakthroughs in direct sales in the Southeast Asian market, which has improved gross margins, although volume growth will take time [5][6] - The overall profitability and competitiveness of Huate Gas are expected to enhance in 2025 and beyond, driven by new product launches and market expansions [4][5]

Group 1: Company Performance and Financials - In 2024, the company's revenue decreased by 37.05% and net profit decreased by 74.80%, primarily due to a significant drop in silane gas prices [7] - The company plans to address price fluctuations by developing new customer segments, optimizing customer structure, and focusing on high-value products [7] - The company has stable customer resources, and the electronic-grade silane gas has high customer stickiness, which supports production planning based on customer orders [7] Group 2: Product Applications and Developments - The company’s silane gas with a purity of 7N and above is applicable in high-end LCD panels and semiconductors [4] - The company is involved in the hydrogen energy sector, having signed a strategic cooperation agreement for hydrogen supply and refueling station construction [4] - The electronic-grade silane gas is a key raw material for silicon-carbon anode materials used in solid-state batteries [6] Group 3: Market Opportunities and Challenges - The company faces both significant market opportunities and intense competition, with new silane gas production capacity leading to price declines [10] - The demand for electronic specialty gases is expected to increase significantly due to advancements in integrated circuits and solid-state batteries [10] - The company is shifting its customer structure towards silicon-carbon anodes, chip manufacturing, and hydrogen energy sectors [10] Group 4: Compliance and Management Initiatives - The company is establishing a compliance management system to enhance governance and operational efficiency, which will improve market competitiveness and brand reputation [11] - The company aims to integrate compliance management into all aspects of governance and operations, thereby strengthening risk prevention capabilities [11] Group 5: Strategic Initiatives and Future Outlook - The company plans to continue optimizing sales strategies based on market demand and customer requirements [5] - The newly built 3,500 tons/year silane project is expected to enhance the company's production capacity and support future performance growth [8] - The company is focusing on market expansion, innovation, and refined management to improve overall competitiveness [12]

Core Viewpoint - The new materials sector is expected to continue its growth trajectory due to increasing demand from China's manufacturing industry and the integration of technologies like artificial intelligence, despite a recent decline in the new materials index's valuation [1][4]. Summary by Category Market Performance - As of April 29, 2025, the new materials index decreased by 4.22%, underperforming the CSI 300 index, which fell by 2.89%, resulting in a 1.33 percentage point lag [2]. - The new materials index ranked 23rd among 30 major industry sectors in terms of performance [2]. Price Trends - Basic metal prices saw a general decline in April 2025, with notable decreases in copper (-3.52%), aluminum (-2.90%), lead (-2.96%), zinc (-4.51%), tin (-9.02%), and nickel (-4.74%) [2]. - Rare gas prices experienced slight declines in April 2025, with helium priced at 655 RMB per bottle (-0.27%), xenon at 27,000 RMB per cubic meter (-3.99%), neon at 120 RMB per cubic meter (-4.00%), and krypton at 275 RMB per cubic meter (-8.92%) [3]. Export Data - In March 2025, exports of superhard materials and products increased by 32.22% year-on-year, totaling 14,000 tons, while export revenue decreased by 9.35% to 14.4 million USD [3]. - The average export price for superhard materials fell by 31.44% to 10.35 USD per kilogram [3]. Valuation Metrics - The price-to-earnings ratio (PE) of the new materials index as of April 29, 2025, was 22.94, reflecting an 11.57% decrease from the previous month and positioning it at the 53.90 percentile of historical valuations since 2022, indicating a reasonable valuation for the sector [1][4]. Future Outlook - The new materials sector is anticipated to enter a prosperous cycle driven by domestic demand recovery and the push for domestic alternatives, maintaining an investment rating of "stronger than the market" [1][4].

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.5700 | 0.6700 | -14.93 | 0.8500 | | 每股净资产（元） | 10.42 | 10.03 | 3.89 | 5.09 | | 每股公积金(元) | 7.76 | 7.76 | 0 | 3.08 | | 每股未分配利润(元) | 1.43 | 1.10 | 30 | 0.88 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 19.29 | 16.16 | 19.37 | 19.56 | | 净利润(亿元) | 3.04 | 3.35 | -9.25 | 3.83 | | 净资产收益率(%) | 5.56 | 7.86 | -29.26 | 18.26 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 6400万股，累计占流通股比： 44.89%，较上期变化： ...

Core Viewpoint - The company has signed a significant daily operational sales contract worth RMB 148,216,408.00 (excluding tax) with a well-known domestic integrated circuit customer, which is expected to positively impact the company's performance in 2025 [2][5][10]. Group 1: Contract Details - Contract Type and Amount: The contract is a daily operational sales contract totaling RMB 148,216,408.00 (excluding tax) [2][9]. - Contract Effectiveness: The contract becomes effective upon the signing and stamping by authorized representatives of both parties [3][10]. - Contract Duration: The contract is valid from the effective date until all responsibilities and obligations are fulfilled by both parties [4][10]. Group 2: Impact on Company Performance - Expected Performance Impact: If the contract is successfully implemented, it is anticipated to have a positive effect on the company's operating performance for the year 2025 [4][10]. - Independence of Business: The execution of this contract will not affect the independence of the company's business operations [10]. Group 3: Counterparty Information - Counterparty Details: The contract is with a customer referred to as Customer A, and there is no related party relationship between the company and Customer A [6][8]. - Confidentiality Procedures: The company has followed internal procedures to disclose information about the counterparty while maintaining confidentiality [7].

中船特气公告，公司近日收到境内某知名集成电路客户A的氟化氢、氯化氢、氘气等11种产品的采购合 同，合同总金额为1.48亿元(不含税)。合同有效期自生效之日起至双方责任和义务履行完毕之日止。合 同履行预计将对公司2025年度经营业绩产生积极影响。合同双方均具有良好的履约能力，但在履行期 间，如遇不可抗力或其他因素，可能影响最终执行情况。 ...

Group 1: Company Strategy and Market Position - The company has defined its strategic positioning along two lines: silicon and hydrogen, aiming to expand into the specialty gas industry and strengthen its new materials and renewable energy businesses [4] - The goal is to establish a leading domestic and internationally competitive silicon-hydrogen materials industry cluster [4] Group 2: Product Development and Market Impact - The company’s zone-melted silicon is crucial for domestic chip production, enhancing supply security and independence in silicon-based materials [5] - The company plans to actively explore the high-end silicon carbide powder market, following successful downstream validation of its zone-melted silicon [5] Group 3: Financial Performance and Challenges - In Q1 2025, the company is expected to report either a loss or profit, with specific figures to be disclosed in the quarterly report [5] - The company’s silicon production capacity will increase to approximately 6,100 tons/year after the completion of the third phase project, which began trial production at the end of 2023 [6] - In 2024, the company’s revenue decreased by 37.05% to 705 million yuan, primarily due to domestic capacity expansion and a slowdown in downstream demand affecting product prices [8] Group 4: Market Conditions and Future Outlook - The current market for silicon is under pressure due to expanded domestic capacity and slowing demand, leading to a significant price drop [7] - The company plans to optimize production costs and energy consumption while developing new markets and maintaining traditional customer relationships [9] - Long-term growth is anticipated as the penetration rate of TOPCon technology in the photovoltaic industry increases, potentially opening new growth avenues for electronic-grade silane gas [9]