格隆汇1月9日丨蜀道装备(300540.SZ)在互动平台表示，公司产品空分装置、火箭推进剂级液态甲烷装 备及氢能业务领域的液氢产品可适配航天场景。 目前，公司正和国内两家航天基地的相关企业开展了 气体设备的供应业务，一是公司交付某合作方的火箭推进剂级液态甲烷生产装置已建设完成，待合作方 其他配套设置建设完成后启动联动调试，该装置可为国内商业航天企业提供服务；二是公司成功获取酒 泉航天产业园配套液体空分装置项目订单，作为园区关键配套装置，设备交付业主方投运后可为航天发 射场稳定长期供应氧气、氮气、氩气等高纯液态、气态产品。 ...

蜀道装备（300540.SZ）1月9日在投资者互动平台表示，公司产品空分装置、火箭推进剂级液态甲烷装 备及氢能业务领域的液氢产品可适配航天场景。目前，公司正和国内两家航天基地的相关企业开展了气 体设备的供应业务，一是公司交付某合作方的火箭推进剂级液态甲烷生产装置已建设完成，待合作方其 他配套设置建设完成后启动联动调试，该装置可为国内商业航天企业提供服务；二是公司成功获取酒泉 航天产业园配套液体空分装置项目订单，作为园区关键配套装置，设备交付业主方投运后可为航天发射 场稳定长期供应氧气、氮气、氩气等高纯液态、气态产品。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问贵司有没有给蓝箭航天提供液氧甲烷推进剂？ ...

（文章来源：证券日报） 证券日报网讯 12月8日，蜀道装备在互动平台回答投资者提问时表示，公司长期致力于气体低温液化与 分离技术的研究与应用，深耕天然气液化、空气分离、电子特气及稀有气体深冷分离等领域。在相关业 务中，公司生产的空分装置可实现液氧及高纯度液氧的生产，LNG装置可实现液态甲烷的生产。此 外，公司还具备推进剂级别高纯度液态甲烷装置的设计与制造能力。 ...

格隆汇12月8日丨蜀道装备(300540.SZ)在互动平台表示，公司长期致力于气体低温液化与分离技术的研 究与应用，深耕天然气液化、空气分离、电子特气及稀有气体深冷分离等领域。在相关业务中，公司生 产的空分装置可实现液氧及高纯度液氧的生产，LNG装置可实现液态甲烷的生产。此外，公司还具备 推进剂级别高纯度液态甲烷装置的设计与制造能力。 ...

Core Viewpoint - The company is actively expanding its high-purity and electronic-grade specialty gas business in response to the growing demand from the semiconductor and high-end manufacturing sectors [1] Group 1: Company Operations - The company's main business includes LNG facilities, air separation units, hydrogen energy equipment, and transportation equipment [1] - In the industrial gas sector, the company primarily supplies bulk gases such as carbon dioxide, oxygen, nitrogen, and argon, and has also started supplying specialty gases like helium [1] Group 2: Market Trends - Since the second half of 2025, some industrial gas prices have shown a moderate upward trend due to rising energy costs and a recovery in downstream high-end manufacturing demand [1] - The company is optimizing supply chain management to ensure stable supply for customers while maintaining reasonable profit levels [1]

Core Insights - Hangyang Co., Ltd. has been deeply involved in the CCUS (Carbon Capture, Utilization, and Storage) field for many years, developing scalable CO2 capture and food-grade CO2 production technologies, while also keeping an eye on emerging sectors [1] - The company is strategically positioned to support China's 14th Five-Year Plan, which emphasizes the development of strategic emerging industries, including biomanufacturing and quantum technology [1] - Hangyang is leveraging its dual-engine strategy of "air separation equipment + gas business" to drive technological upgrades and enhance the industrial ecosystem [1][5] CCUS and Hydrogen Energy - The company has established a comprehensive hydrogen energy business, focusing on hydrogen production, purification, storage, and transportation, and has initiated a project in collaboration with Longze Energy and Shanghai Hydrogen Feng to produce high-purity hydrogen for fuel cell vehicles [2] - The project will have a capacity of 2825 Nm³/h for hydrogen production from coke oven gas, contributing to the development of a clean, low-carbon hydrogen energy system [2] Aerospace Industry Engagement - Hangyang has a long-standing relationship with China's aerospace industry, having been a key supplier of liquid oxygen equipment since the 1950s, and continues to provide critical products and technologies for space missions [3] - The company recently won a bid for a large liquid oxygen tank construction project at a launch site, enhancing the storage capacity and efficiency for aerospace operations [3] Nuclear Fusion and Advanced Manufacturing - The nuclear fusion market is projected to grow significantly, with estimates suggesting a market size of approximately $361.56 billion by 2025 and over $647.5 billion by 2035, indicating a strong future for this energy source [3] - Hangyang's recent success in winning a bid for a low-temperature nitrogen system project in the nuclear fusion sector highlights its growing capabilities and recognition in this field [4] Semiconductor and Specialty Gases - The company has expanded its presence in the semiconductor and specialty gases market through acquisitions, enhancing its competitive edge in high-end gas products [4] - Hangyang's helium products are widely used in advanced manufacturing sectors, including semiconductors and aerospace, and it has secured contracts to supply critical gases for major semiconductor projects [4]

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 205 million yuan, a year-on-year growth of 35.24%, and net profit amounting to 10.15 million yuan, a staggering increase of 5972.30% [1] Group 1: Business Performance - The company secured new contracts worth approximately 438 million yuan, including overseas orders valued at around 13 million dollars [1] - The deep-cooling technology equipment manufacturing segment achieved new signed effective contracts totaling about 424 million yuan, focusing on products such as natural gas liquefaction devices and LNG refueling stations [1] - The transportation service equipment manufacturing segment accelerated product development, successfully launching new distribution equipment and enhancing the product range for charging stations [1] Group 2: Gas Operations - In the industrial gas sector, the company continues to provide nitrogen supply equipment leasing and operation management services to Sichuan Shuneng Mining Co., Ltd., and collaborates with internal units of Shudao Group on various industrial gases [2] - The company ensures stable supply for the Inner Mongolia Yahui BOG helium project and has developed a high-altitude oxygen supply system for a hotel at 3300 meters elevation [2] Group 3: Clean Energy Initiatives - The LNG business is focused on deepening cooperation with upstream liquid plants and downstream customers while expanding sales in other clean energy sectors [3] - The company is actively involved in hydrogen energy projects, including the preparation of a proposal for a hydrogen railway demonstration application project and participation in a national key research and development project [3]

Core Viewpoint - The company is actively expanding its overseas market presence, with nearly 40% of current orders coming from international clients and over 50% of new orders signed this year being from overseas [3]. Group 1: Company Performance - As of July 31, 2025, the company's stock price closed at 15.51 yuan, reflecting a 1.17% increase, with a turnover rate of 2.35% and a trading volume of 86,500 shares, amounting to a transaction value of 134 million yuan [1]. - The company has not yet disclosed its second-quarter performance, with investors advised to await the upcoming semi-annual report for detailed financial results [2][3]. Group 2: Product and Market Development - The company produces liquid oxygen coolers that enhance rocket payload capacity and has entered the Chinese aerospace system with its independently operated specialty gases [2]. - The company has successfully operated air separation devices in high-altitude areas like Tibet, addressing challenges related to oxygen supply in harsh environments [2]. - The company is involved in ammonia methanol projects, claiming to have a mature technology path and successful operational experience, contributing to the "dual carbon" goals [2]. Group 3: Financial and Market Dynamics - The company anticipates that the recent drop in natural gas futures prices to $3, a near five-year low, will have a limited short-term impact on its gas segment profits due to existing annual procurement contracts with major suppliers [2]. - The company has experienced a decline in revenue for two consecutive years, prompting concerns about market participation and the need for enhanced company value management and promotion [2][3]. Group 4: Investor Relations - The company acknowledges the importance of improving operational efficiency and increasing promotional efforts to enhance its value for investors [3].

Core Viewpoint - The company has successfully operated air separation units in high-altitude areas of Tibet, addressing challenges related to oxygen supply in harsh environments [1] Group 1 - The company has optimized the design process of air separation equipment to account for the low pressure and high altitude conditions in Tibet [1] - Specialized liquid air separation units have been developed specifically for projects in Tibet, significantly alleviating the difficulties of oxygen supply and delivery in cold and high-altitude regions [1] - The solutions provided by the company ensure that downstream customers have reliable access to gas supply [1]

Core Viewpoint - The article highlights the achievements and contributions of Guan Jinjun, a key figure at Anhui Haoyuan Chemical Group Co., Ltd., particularly in the development and optimization of various chemical production processes, leading to significant economic and environmental benefits for the company. Group 1: Project Management and Implementation - In 2011, the company launched its first 20,000 cubic meters/hour air separation unit, with Guan leading a team to meticulously analyze design blueprints and operational procedures, ensuring thorough documentation for future training [2] - From 2016 to 2018, Guan was actively involved in the construction of a 70,000 cubic meters/hour air separation unit, successfully reducing the commissioning time by over one month compared to similar projects, establishing a benchmark in the industry [2] - Between 2018 and 2020, Guan introduced a "dual-line parallel work method" during the construction of a new project, which facilitated timely production and efficiency of a 90,000 cubic meters/hour air separation unit [2] Group 2: Innovation and Cost Optimization - Guan has led significant innovations in production processes, resulting in substantial economic and environmental benefits for the company [4] - In the crude argon recovery process, his team optimized the air separation tower, increasing liquid argon output by 1.5 tons per hour, generating an annual revenue of 6.48 million yuan [4] - The optimization of the methanol synthesis system led to a 47.1% reduction in system circulation and a 10.5 tons/hour decrease in steam consumption, saving the company 13 million yuan annually [4] - In the cooling water system, Guan proposed a tiered utilization plan that saved over 20 million yuan in electricity costs and reduced wastewater fees by 15 million yuan annually [4] Group 3: Recent Developments - By the end of 2023, Guan was responsible for the construction and commissioning of a new nylon 66 project, completing it two months ahead of schedule, thereby contributing to the company's high-quality development [3]