Peric Special Gases (SH:688146)2024-06-07 09:46Group 1: Financial Performance - In 2023, the company achieved operating revenue of 1.616 billion yuan, a decrease of 17.39% compared to the previous year, primarily due to the impact of international conditions and macroeconomic environment [3] - The net profit for 2023 was 335 million yuan, down 12.55% year-on-year, attributed to weak market demand and price adjustments, alongside increased R&D expenses for long-term development [3] - In 2024, there has been a gradual recovery in product sales due to improved industry conditions and customer utilization rates [3] Group 2: Revenue Structure and Pricing Model - The company primarily adopts a direct sales model to end customers, with a small portion sold through traders; pricing is negotiated on a case-by-case basis [4] - In 2023, the revenue breakdown by industry was as follows: integrated circuits accounted for no less than 60%, display panels represented 25%-30%, and other industries made up 10%-15% [4] Group 3: Future Growth and Product Development - The company is focusing on advanced process technologies in integrated circuits, with products already applied in 3nm processes, which will drive the development of the electronic gas industry [5] - New projects include an annual production capacity of 3,250 tons of nitrogen trifluoride, 735 tons of high-purity electronic gases, and 1,500 tons of hydrochloric acid, all of which have reached operational status in 2023 [5] - The company has established a subsidiary in Inner Mongolia with an investment of 340 million yuan, aiming for an annual production capacity of 7,500 tons of nitrogen trifluoride and 10,000 tons of ultra-pure ammonia [6][7] Group 4: Market Expansion and Product Supply - The company has maintained stable supply to well-known overseas semiconductor manufacturers, with significant growth potential in product supply and market expansion [5] - In 2023, the company introduced over 10 new products, contributing to revenue growth [6]