Peric Special Gases (SH:688146)2024-06-20 10:14Group 1: Company Overview and Market Position - 中船特气 is a leading company in the domestic specialty gas industry, focusing on high-potential, high-tech, and high-value-added products for research and industrialization [4] - The company is committed to ensuring a stable and secure domestic supply chain for electronic specialty gases, taking on more responsibility as a state-owned enterprise [4] Group 2: Product Development and Capacity Expansion - The company has over 70 products in production and more than 50 products in research, with an annual addition of over 10 new products [6] - In 2023, the company completed projects with an annual production capacity of 3,250 tons of nitrogen trifluoride and 500 tons of lithium bis(trifluoromethanesulfonyl)imide [9] - The company plans to invest 1.36 billion yuan in a high-purity electronic gas project, which will add annual production capacities of 7,500 tons of nitrogen trifluoride, 10,000 tons of ultra-pure ammonia, and 75,000 tons of liquid nitrogen [9][10] Group 3: Financial Performance and Market Trends - In 2023, the overseas sales revenue accounted for 20.20% of total operating revenue, with stable pricing and profit performance for overseas products [9] - The prices of nitrogen trifluoride and tungsten hexafluoride fluctuated in 2023 due to downstream market demand, but are expected to stabilize in 2024 as demand recovers [5][8] Group 4: Strategic Focus and Future Outlook - The company emphasizes the importance of overseas market expansion, leveraging established distribution channels and long-term partnerships with international clients [7] - The company anticipates significant growth in orders for the integrated circuit business in 2024, with key clients typically placing orders 3-4 months in advance [8]