11月25日，和远气体涨1.42%，截至发稿，报32.82元/股，成交1.12亿元，换手率2.10%，总市值69.50亿 元。和远气体股价已经连续3天上涨，区间累计涨幅5.84%。 资料显示，湖北和远气体股份有限公司位于湖北省宜昌市伍家岗区伍临路33号鑫鼎大厦3楼，成立日期 2003年11月20日，上市日期2020年1月13日，公司主营业务涉及各类气体产品的研发、生产、销售、服 务以及工业尾气回收循环利用。主营业务收入构成为：大宗气体49.40%，工业级化学品30.51%，清洁 能源12.30%，其他项目3.79%，电子特气及电子化学品3.32%，尾气回收0.68%。 从和远气体十大流通股东角度 数据显示，华夏基金旗下1只基金位居和远气体十大流通股东。华夏行业景气混合A（003567）三季度 持有股数480.37万股，持股数量与上期相比不变，占流通股的比例为2.98%。根据测算，今日浮盈赚取 约220.97万元。连续3天上涨期间浮盈赚取869.47万元。 华夏行业景气混合A（003567）成立日期2017年2月4日，最新规模89.72亿。今年以来收益47.33%，同 类排名636/8136；近一年收益49.4 ...

11月21日，和远气体涨5.16%，截至发稿，报32.61元/股，成交1.42亿元，换手率2.84%，总市值69.07亿 元。 资料显示，湖北和远气体股份有限公司位于湖北省宜昌市伍家岗区伍临路33号鑫鼎大厦3楼，成立日期 2003年11月20日，上市日期2020年1月13日，公司主营业务涉及各类气体产品的研发、生产、销售、服 务以及工业尾气回收循环利用。主营业务收入构成为：大宗气体49.40%，工业级化学品30.51%，清洁 能源12.30%，其他项目3.79%，电子特气及电子化学品3.32%，尾气回收0.68%。 从和远气体十大流通股东角度 截至发稿，钟帅累计任职时间5年118天，现任基金资产总规模132.6亿元，任职期间最佳基金回报 172.55%， 任职期间最差基金回报-4.17%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 华夏行业景气混合A（003567）基金经理为钟帅。 数据显示，华夏基金旗下1只基金位居和远气体十大流通股东。华夏行业 ...

11月20日，和远气体跌5%，截至发稿，报30.59元/股，成交1.23亿元，换手率2.44%，总市值64.79亿 元。和远气体股价已经连续4天下跌，区间累计跌幅17.69%。 资料显示，湖北和远气体股份有限公司位于湖北省宜昌市伍家岗区伍临路33号鑫鼎大厦3楼，成立日期 2003年11月20日，上市日期2020年1月13日，公司主营业务涉及各类气体产品的研发、生产、销售、服 务以及工业尾气回收循环利用。主营业务收入构成为：大宗气体49.40%，工业级化学品30.51%，清洁 能源12.30%，其他项目3.79%，电子特气及电子化学品3.32%，尾气回收0.68%。 华夏行业景气混合A（003567）基金经理为钟帅。 截至发稿，钟帅累计任职时间5年117天，现任基金资产总规模132.6亿元，任职期间最佳基金回报 172.55%， 任职期间最差基金回报-4.17%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从和远气体十大流通股东角度 数据显示，华夏 ...

Core Points - Jin Hong Gas's stock price decreased by 2.01% on November 18, trading at 19.99 CNY per share with a market capitalization of 9.635 billion CNY [1] - The company has seen an 18.21% increase in stock price year-to-date, but a decline of 8.89% over the last five trading days [1] - Jin Hong Gas reported a revenue of 2.031 billion CNY for the first nine months of 2025, a year-on-year increase of 9.33%, while net profit decreased by 44.90% to 116 million CNY [2] Financial Performance - The company has a total market capitalization of 9.635 billion CNY and a trading volume of 98.067 million CNY on November 18 [1] - The revenue composition includes bulk gases (41.52%), specialty gases (31.64%), on-site gas production and rental (12.98%), gas (9.30%), and others (4.55%) [1] - Cumulative cash dividends since the A-share listing amount to 649 million CNY, with 408 million CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 21.85% to 20,700, with an average of 23,327 circulating shares per shareholder, down by 17.93% [2] - Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 5.0744 million shares as a new shareholder [3] - The tenth-largest circulating shareholder is Xingquan Multi-Dimensional Value Mixed A, holding 3.3655 million shares, unchanged from the previous period [3]

Group 1 - The core point of the news is that Huan Yuan Gas has seen a stock price increase of 5.1%, reaching 40.79 CNY per share, with a total market capitalization of 8.639 billion CNY [1] - Huan Yuan Gas, established on November 20, 2003, specializes in the research, production, sales, and service of various gas products, as well as industrial waste gas recovery and recycling [1] - The company's revenue composition includes bulk gases (49.40%), industrial-grade chemicals (30.51%), clean energy (12.30%), other projects (3.79%), electronic special gases and chemicals (3.32%), and waste gas recovery (0.68%) [1] Group 2 - From the perspective of fund holdings, one fund under Yinhua Fund has a significant position in Huan Yuan Gas, with an increase of 32,100 shares in the third quarter, bringing the total to 49,200 shares, which represents 0.74% of the fund's net value [2] - The Yinhua Specialized and New Quantitative Optimal Stock Initiation A Fund (014668) has achieved a return of 47.84% this year, ranking 570 out of 4216 in its category [2] - The fund manager, Yang Teng, has been in position for nearly 4 years, with the fund's total asset size at 2.753 billion CNY and a best return of 29.56% during his tenure [3]

Group 1 - The core viewpoint of the news is that Huan Yuan Gas has seen a 5% increase in stock price, reaching 38.41 CNY per share, with a trading volume of 120 million CNY and a turnover rate of 1.98%, resulting in a total market capitalization of 8.135 billion CNY [1] - Huan Yuan Gas, established on November 20, 2003, and listed on January 13, 2020, is primarily engaged in the research, production, sales, and service of various gas products, as well as industrial waste gas recovery and recycling [1] - The revenue composition of Huan Yuan Gas includes bulk gases at 49.40%, industrial chemicals at 30.51%, clean energy at 12.30%, other projects at 3.79%, electronic specialty gases and chemicals at 3.32%, and waste gas recovery at 0.68% [1] Group 2 - Among the top ten circulating shareholders of Huan Yuan Gas, Huaxia Fund holds a position with its Huaxia Industry Prosperity Mixed A Fund (003567), maintaining 4.8037 million shares, which accounts for 2.98% of the circulating shares [2] - The Huaxia Industry Prosperity Mixed A Fund has achieved a year-to-date return of 55.43%, ranking 703 out of 8147 in its category, and a one-year return of 48.95%, ranking 674 out of 8056 [2] - The fund manager, Zhong Shuai, has been in position for 5 years and 108 days, with the fund's total asset size at 13.26 billion CNY and a best return of 180.49% during his tenure [3]

Core Viewpoint - The company reported a revenue increase of 9.3% year-on-year for Q1-Q3 2025, but net profit decreased by 44.9%, indicating challenges in the gas industry due to intensified competition and rising costs [1][2] Financial Performance - For Q1-Q3 2025, the company achieved a revenue of 2.03 billion yuan, with a net profit of 120 million yuan and a non-GAAP net profit of 100 million yuan [1] - In Q3 2025, the company recorded a revenue of 720 million yuan, a year-on-year increase of 14.6% and a quarter-on-quarter increase of 3.7% [1] - The overall gross margin for Q1-Q3 2025 was 30.0%, down 3.1 percentage points from the previous year, while Q3 2025 gross margin was 30.4%, showing a slight decline [2] Industry Context - The gas industry is experiencing pressure due to macroeconomic fluctuations and increased supply in certain product segments, leading to intensified competition [2] - The company is a comprehensive gas supplier actively expanding its market presence despite the competitive landscape [2] Project Developments - The company signed a revised gas supply contract with Shandong Ruilin, increasing the scale of the air separation project from 23,000 Nm3/h to 50,000 Nm3/h, raising the total contract value from 1.86 billion yuan to 4 billion yuan [3] - New electronic gas projects have been secured, including contracts with several semiconductor and display companies, which are expected to contribute significantly to future revenue [3] Strategic Initiatives - The company is advancing its integrated strategy for industrial gases, focusing on expanding retail networks and improving operational efficiency in new regions [4] - The acquisition of CHEM-GAS and other projects has strengthened the company's position in the Southeast Asian retail market [4] - The company anticipates a recovery in profitability as on-site gas projects come online and retail gas prices stabilize, projecting net profits of 160 million, 270 million, and 340 million yuan for 2025-2027 [4]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company reported a revenue of 2.03 billion yuan for Q1-Q3 2025, representing a year-on-year increase of 9.3%, while the net profit attributable to shareholders was 120 million yuan, down 44.9% year-on-year [2][6]. - In Q3 alone, the company achieved a revenue of 720 million yuan, which is a 14.6% increase year-on-year and a 3.7% increase quarter-on-quarter. However, the net profit for Q3 was 30 million yuan, down 33.0% year-on-year and 11.6% quarter-on-quarter [2][6]. - The company is facing pressure from a competitive market environment, with a decrease in product prices and overall gross margin. The gross margin for Q1-Q3 2025 was 30.0%, a decrease of 3.1 percentage points year-on-year [10]. Summary by Sections Financial Performance - For Q1-Q3 2025, the company achieved a total revenue of 2.03 billion yuan, with a net profit of 120 million yuan and a net profit excluding non-recurring items of 100 million yuan [2][6]. - The gross margin for Q1-Q3 2025 was 30.0%, with Q3 gross margin at 30.4%, showing slight changes year-on-year and quarter-on-quarter [10]. Project Developments - The company has signed a revised gas supply contract with Shandong Ruilin, increasing the scale of the air separation project from 23,000 Nm3/h to 50,000 Nm3/h, raising the total contract value from 1.86 billion yuan to 4 billion yuan [10]. - The company has expanded its electronic bulk gas service capabilities, securing multiple new projects in the semiconductor and display sectors [10]. Strategic Initiatives - The company is advancing its integrated strategy for industrial gases, focusing on expanding retail networks and improving operational efficiency in key regions [10]. - The company has completed the acquisition of CHEM-GAS to enhance its market presence in Southeast Asia [10]. Future Outlook - Despite facing short-term challenges in profitability, the company is expected to return to a growth trajectory as its onsite gas projects come online and retail gas prices recover. Projected net profits for 2025-2027 are 160 million, 270 million, and 340 million yuan respectively [10].

Group 1 - The core point of the news is that Jin Hong Gas experienced a stock price increase of 5.07%, reaching 21.33 CNY per share, with a trading volume of 268 million CNY and a turnover rate of 2.67%, resulting in a total market capitalization of 10.281 billion CNY [1] - Jin Hong Gas Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on October 28, 1999, with its listing date on June 16, 2020. The company's main business involves the research, production, sales, and service of gases [1] - The revenue composition of Jin Hong Gas includes bulk gases at 41.52%, specialty gases at 31.64%, on-site gas production and rental at 12.98%, gas at 9.30%, and other supplementary sources at 4.55% [1] Group 2 - From the perspective of the top ten circulating shareholders, a fund under Xingzheng Global Fund holds a position in Jin Hong Gas. Xingquan Multi-Dimensional Value Mixed A (007449) held 3.3655 million shares in the third quarter, unchanged from the previous period, accounting for 0.7% of circulating shares [2] - The estimated floating profit for the fund today is approximately 3.4665 million CNY. Xingquan Multi-Dimensional Value Mixed A was established on June 12, 2019, with a latest scale of 4.3 billion CNY. Year-to-date returns are 48.41%, ranking 1239 out of 8148 in its category [2] - Over the past year, the fund's return is 41.69%, ranking 1282 out of 8053 in its category, and since inception, the return is 156.6% [2]

Core Points - Jin Hong Gas's stock price decreased by 2.09% on November 4, trading at 20.13 CNY per share with a market capitalization of 9.702 billion CNY [1] - The company has seen a year-to-date stock price increase of 19.03%, but a recent decline of 2.57% over the last five trading days [1] Financial Performance - For the period from January to September 2025, Jin Hong Gas reported a revenue of 2.031 billion CNY, representing a year-on-year growth of 9.33% [2] - The net profit attributable to shareholders for the same period was 116 million CNY, which is a decrease of 44.90% compared to the previous year [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 21.85% to 20,700, while the average number of circulating shares per person decreased by 17.93% to 23,327 shares [2] - Since its A-share listing, Jin Hong Gas has distributed a total of 649 million CNY in dividends, with 408 million CNY distributed over the last three years [3] Ownership Structure - As of September 30, 2025, Hong Kong Central Clearing Limited is the sixth largest circulating shareholder with 5.0744 million shares, marking its entry as a new shareholder [3] - Xingquan Multi-Dimensional Value Mixed A (007449) is the tenth largest circulating shareholder, holding 3.3655 million shares, with no change in the number of shares held compared to the previous period [3] Business Overview - Jin Hong Gas, established on October 28, 1999, and listed on June 16, 2020, is primarily engaged in the research, production, sales, and service of gases [1] - The company's revenue composition includes bulk gases (41.52%), specialty gases (31.64%), on-site gas production and rental (12.98%), gas (9.30%), and other (4.55%) [1]