Securities code: Guangdong Huate Gas Co.Ltd(688268) securities abbreviation: Guangdong Huate Gas Co.Ltd(688268)
Guangdong Huate Gas Co.Ltd(688268)
Record of investor relations activities
No.: 2022001
Investor relations activities ■ specific object research □ analyst meeting
Activity category □ media interview □ performance briefing
□ press conference □ Roadshow
□ site visit
□ others
Names of participants: Anhe capital Wang Jue, Anxin fund Zhang Tianqi, Anxin securities Yang Zhen, baoyingji and personnel Jin rongzhineng, Beixin Ruifeng fund Wang Yang, Bisheng investment Wang Xinglin, Boshi fund Chen Lei, Ivy Rao Haining, Chenyan asset Teng Zhaojie, Chengquan capital Wang Wenjun, Fuyun investment Wang Yafei, Chunda fund Li Zhuqing Chunhou fund Wu ruozong, Da Mo Huaxin Fund Duan Yifan, Davide investment Zheng Jie, danen capital Wang Guanhua, Debon fund Jin Ye Li Ying, Northeast Securities Co.Ltd(000686) Chen Fan Wang Haoran, Dongfang asset management Zhou Yun, Dongfang self operated Zhu Linghao, Donghai asset management Zheng Jun, Donghai self operated Liu Jun, Dongwu Ji Jin Zhu Bingbing, Dongwu asset management Liu Xinyu, Dongxing Securities Corporation Limited(601198) Wang Jianhui Mao Ding, founder asset management, Gong Xianfeng, founder Fubon fund, Founder Securities Co.Ltd(601901) Li Meng, Zhou Jingren, Founder Securities, sun Xiao, Fengyan investment, Zhang Yixin, Wu Zhanfeng, fuanda fund, Yu Jiangyong, Shen hengpeng, Chen Chen, Fu Lida asset management, Li Guangdao, Genxi asset Zhu Dengke, yuan shengzhao, ICBC wealth management, Liu Xin, ICBC Credit Suisse Jinxing Everbright Yongming asset Liu Qi, Everbright self operated Cui Yaya, Everbright asset management Li Xingjie, Everbright asset management Shang Qing, Junhong investment Chen Xiang, Zetai investment fund Liu Xiang, Guangfa fund Meng Xiao, Guangfa fund Chen Jianzhong, Guofu life Wang Hao, Guohua life Zhao Xiang, Sinolink Securities Co.Ltd(600109) Jinwei, Sinolink Securities Co.Ltd(600109) Wang Minghui, Guoshou security fund Zhang Fan, Qi Shanbin, Liu Yang Yu Lei, Guoshou pension fund, Li Linjia, sun Jiaxu, Guotai fund, Guotai Junan Securities Co.Ltd(601211) asset management Chen Sijing, Guoxin self operated Roger, Chen qiuting, Cai Xinda, Guotai investment letter, Liu Tsui, Haifutong fund, Zhang Mengmei, Hainan fruit private equity fund, Tong Sheng, Shao Kuan, Liu Bin, haoze Zhiyuan Zang Jinger, Heyong investment Jiao Yun, Hedao assets Jiang Peng, Heju investment Qiu Ying, Luo Xijuan, Zhao Jiong, Hengsheng fund Hengqin life insurance Feng Feiyang, Guo Yaqi, Hongcheng investment Cao Zhongshu, Hongdao investment Tian Chang, Zhao Shiguang, Houyang investment Ning bin, Hua’an fund Li Xiaozheng, Huaan Securities Co.Ltd(600909) Zhao hengzhen, Huabao fund Lu Yi, Huabao trust Gu Baocheng, Huabao Xingye Xu Chenghui, Huamei investment he Huan, huashangji Jin Guolei, Huang run min Wenqiang, Ma Liangxu, Huaxia wealth Cheng Haiyong, Huaxia Fund Ma Weien, Tong Wei, Huaxia wealth management Zhu Weiqin Dan HSBC Jinxin Xu Tingquan, Huihua wealth management Wang Guoqiang, Harvest Fund Meng Liting, Jiaxing Qianji Yao Hanbin, CCB investment management Wang fengjuan, CCB Guo shuaitong, CCB insurance Yue Xiaolin Li haopeng, CCB fund Jiang Yingde, CCB asset management Li haopeng, BOCOM Schroder King Wang Qinglei, Jin Guang assets Yan Wei, Jin Yuanshun an Houbin, Jingshun Great Wall Dai Chunping, Jingtai Lifeng LV Zhiwei, Jiutai fund Tan Shaojie, Lei Gen assets Yang Hua Lizhen investment Zhang Xu, Liuhe investment Li Zhenjiang, Longyuan investment Li Shengnong, Minsheng electronics Zhang Wenyu, Minsheng Jiayin fund sun Jincheng, Mingda asset Li Tao, Mingshi Partnership Fund Huang Peng, Nanhua fund Heng Panyu, ningquan asset Zhang Bin, Agricultural Bank of China Huili song Lei, Ren Shiqing, Wang haofei, Nord fund Wang Youcao, Yang Xiahui, sun Xiaoming, Wang Yun, Huang Wei, Panjing investment Wang grace, Wang Li Maxin, Pan’an fund Qiu Xiaogang Ye Wenqiang of Pengyang fund, Ji Qingbin of Ping An fund, Zhu Shengbo of Shanghai Pudong Bank AXA fund, Cui tongkui of Qianhai capital, Hu Yifa of Qianhai joint fund, Hong Yuting of Qunyi investment, Li Zheng of human health and health insurance, Liu Zong of PICC assets, Zhang Hongyun of Renqiao assets, Ding wanbeilin of financing fund, Li Wenhai of Qingyuan, Yin Shijun of Ruiyuan fund, Zhu Jiawei of private equity fund of China insurance bank, Liu Chunmao of binghe assets, Lu Changjian of non Malaysia investment Shanghai Heyuan Tian haopeng, jingling investment Jiang Xin, Licheng asset Wang Yihua, Pudong development Chen Jinsheng, Shanghai Qushi asset management sun Yin Li Li, life insurance Li Wei, shangya investment Han Hongcheng, Shicheng investment Sha Xiaochuan, Tianli investment Cao Guojun, Tongxiao investment Wang Zhe, Yicun investment Pan Jiang, Shanghai Investment Morgan fund Li Dehui Huang Jin, Shenjiu Ouyang QinChun, Shenwan Hongyuan Group Co.Ltd(000166) Hu Shuang, Fuhe asset Liu Lei Qianhaitang financing Yang Zhiyu, Huang Qi, yuanfuhai Zhang Yuyan, Zhonghong HuiFu Yu Yiqi, Shennong investment Zhao Minghua, Shengyu investment Wu Shengbo, capital securities Yang Yuxuan, Han Yang Zhao Qihui, Taibao asset management Xu Junping, Taiping asset Futao, TEDA Manulife fund Liu Shaoqing, Tianhong fund Zhang Lei, Tianzhi fund Chen FUJIA, Tongyu investment Cai Ziyu, Tongyuan investment Zhuang Yan, Wanjia fund Chen Feida West Lide Xing Yizhe, Western Securities Co.Ltd(002673) Jia Guorui, Yuancheng investment Hu Yanan, southwest self operated Liu Shuxian, Xi Tai Investment Li Jiaxing, Xinhua fund sun Mingda, Xinyuan fund Zhang Zhengqing, Xincheng fund Han Yiping, sun haozhong, Xinghe fund Hou Jiran, Xingju investment Liu Li, Xingye trust Yan Jin, Xingzheng Global fund Yang Shijin, ordinary investment Du fan, Nomura sang Jianwang Shuji, Yi Fangda Yin Mingliu Yangze Yimin fund Pang Xinghua, Galaxy fund Shenyu Feizhu Jianhui, Yingda asset Xu Wenhao, Yingfeng capital Zhang Pei, YONGYING fund Liu Zhenbang, AIA congpeichao, Yuanhong investment Luo Yuewen Zhou Lifeng, Yuanxin Yongfeng fund fan Yan, Yuancheng investment Su Liuzhu, Yuance investment Li Bo, Chang’an fund Liu Jia, Great Wall wealth asset Shen Zhibin, Great Wall Life Hu Jiyuan Yang Haida, Great Wall self-employed Zhao Haoran, Changjiang pension Ma Rui Changsheng fund Tang Qiyong, Qiao linjian, Changxin fund he Zenghua, Qifei, China Merchants Securities Co.Ltd(600999) Cao Hui, Zhejiang fund Liu Yunna, Chen Penghui, Zheshang Securities Co.Ltd(601878) Zhang Yang, Zhejiang Asset Management MA Binbo, Zhao Yuan, China Minsheng Banking Corp.Ltd(600016) Yang Tong, China Sea fund Wang Haiyu, China Canada fund LV hang, China Science fertile soil fund Huang Yiming, China Europe Fund Yin Weichun, Wang Pei, Yin Ling, China Europe Ruibo fund Zhou Dan, Zhongtai Securities Co.Ltd(600918) Xu Xinlin, Li Xuefeng Sun Huicheng of CITIC Prudential, China Securities Co.Ltd(601066) fund Xu Jian, China Securities Co.Ltd(601066) asset management Fan Xin, Liu Jiangchao of CITIC asset management, Zang Yi of Sino Italian assets, Yu Yuanyuan of BOC International Securities, Li Xiling of BOC International Securities, Boc International (China) Co.Ltd(601696) Yang Shaohui, Li Yanyan of Zhuhai Huaiyuan fund, Lu Yuheng of Zongguan capital, Wang Yuanfeng of Anxin fund management, Wang Yuanzheng of Boshi fund management, Zhou Chenyang of deppon Research Institute, Shen Heng of Fuguo fund management ICBC Credit Suisse fund management Li Lei, Guangdong Zetai investment fund Liu Xiang, Guoshou security fund management Qi Shanbin, Haifutong fund management Liu tsunami, Hengyue fund management Gao Nan, Huashang fund management Liu Li, Huaxia Fund Management Tong Wei Ma Weien, Harvest Fund Management Bao Lihua, Agricultural Bank of China Huili fund management Wang haofei, Shanghai Fengyang asset management Ding Lingxiao, Shanghai
Shi Cheng investment management Sha Xiaochuan, Shanghai Zunwei investment management Wang Kairong, Shanghai Investment Morgan fund management Huang Jin, TEDA Manulife fund management Liu Shaoqing, Taikang asset management Jin Ting, Qianhai United fund management Zhang Lei, research institute Shen Yingjie, Zhongke fertile land fund management Meng Lucheng, China Securities Co.Ltd(601066) securities stock Yang Guang, BOC fund management Chen Guanxiong, Ouyang Lijun China Post life insurance Zhao Yang, GF fund Meng Xiao, Zhang Nanqi, Li Yang
Time: March 31, 2022 – April 2, 2022
Location: remote audio and online telephone conference
Reception director and deputy general manager of listed company: Zhang Suihua, Secretary of the board of directors: Wan Lingzhi, securities assistant: Chen Wenqiang, name of personnel
1、 Basic information of the company and interpretation of 2021 Annual Report
Guangdong Huate Gas Co.Ltd(688268) (hereinafter referred to as “the company”), founded in 1999, was listed on the science and Innovation Board of Shanghai Stock Exchange in December 2019 with stock code: Guangdong Huate Gas Co.Ltd(688268) .
The company is a national gas manufacturer committed to the localization of special gases and taking the lead in breaking the restrictions on the import of gas materials in cutting-edge fields such as large-scale integrated circuits, new display panels, high-end equipment manufacturing and new energy.
The company’s main business focuses on the R & D, production and sales of special gases. Investor relations activities are supplemented by ordinary industrial gases and related gas equipment and engineering businesses to provide one-stop comprehensive application solutions for the main contents of gas movement. The company’s products are widely used in: integrated circuit, Shao LCD panel, led, optical fiber communication, photovoltaic, medical and health, energy conservation and environmental protection, new materials, new energy, aerospace, high-end equipment manufacturing, food, metallurgy, chemical industry, machinery manufacturing and many other industries. The company is an important supplier and important strategic supplier of well-known semiconductor factories in China. At the same time, Ti, Hynix and other leading enterprises in the world have exported their products to more than 50 countries, including Hynix, Hynix and Intel.
The products independently developed by the company, such as fluorocarbon, lithography dilute gas mixture, hydride, nitrogen oxide and so on, are mainly used in the processes of chip manufacturing, such as etching, cleaning, lithography, epitaxy, deposition / film formation, ion implantation and so on. The company’s flagship products, photolithography gas (AR / Ne / Xe, Kr / NE, F2 / kr / NE, F2 / Ar / NE), have passed the certification of ASML and gigaphoto. It is the only gas company in China that has passed the two certification.
In 2021, the company also increased the market share of the company through the newly imported category, capacity release, customer volume and new semiconductor customers, and achieved good results in the proportion of downstream customers and the introduction of new products. In 2021, the company achieved a sales revenue of 1.347 billion yuan, a year-on-year increase of 34.78%, of which 797 million yuan was special gas, accounting for about 60% of the sales revenue, a year-on-year increase of 45.31%. The general gas business was 266 million yuan, accounting for about 19% of the sales revenue, with a year-on-year increase of 24.58%. The gas equipment and engineering business was 269 million yuan, accounting for 21% of the sales revenue, with a year-on-year increase of 18.64%. The net profit attributable to the shareholders of the listed company was 129 million yuan, a year-on-year increase of 21.46% and a year-on-year increase of 28.47% after deduction. In terms of sales gross profit, it decreased by 1.79% year-on-year in 2021. Limited by the power policy, the sharp rise in raw material prices and other factors, the company also maintained good revenue and net profit growth, which was mainly due to the accurate judgment of the management team on market development and the expansion of product layout in advance, which fully reflected the company’s competitive advantage in the industry.
The company’s fluorocarbon, hydride, lithography, nitrogen oxide and carbon oxide products increased significantly year-on-year, especially lithography, nitrogen oxide and carbon oxide, with year-on-year growth of 73%, 80% and 45% respectively.
In recent years, benefiting from the continuous development of emerging fields such as 5g, big data, Internet of things and new energy, the global semiconductor industry market has continued to grow. At present, the global wafer factories have entered the stage of accelerated investment and construction. With the rapid growth of domestic chips, the demand for semiconductor materials is more vigorous. The electronic special gas produced by the company is an indispensable key material in the production and manufacturing process of the semiconductor industry. In terms of category expansion, we will strengthen R & D, consolidate the substitution capacity and help the country accelerate the process of localization.
2、 Q & a session 1. Please split the income of special gases?
A: about 65% of the special gases are integrated circuits, about 10% are photovoltaic panels, and about 25% are food grade special gases. 2. Is the manufacturing of mixed gas more difficult than that of single molecule gas?
A: we can’t compare it like this. It’s very difficult. For example, when single molecule products are applied in the etching process, the manufacturing difficulty is also very high, such as the accuracy, stability, impurity content and other indicators of the products. It’s also difficult for the mixture in the mixing process, especially the fluorine-containing mixture. 3. In the recent market, the price of rare gases has increased a lot. What is the supply situation of the company? Can the company smoothly transmit the price rise to the downstream?
A: Recently, the prices of neon, helium and xenon in rare gases have increased greatly. China’s raw material suppliers can supply smoothly, and the company’s production and supply are normal. Due to the large increase of some materials, the company will transmit them to the downstream according to the market fluctuation. 4. Neon gas
