Domestic Substitution or Reshaping Electronic Gas Supply Landscape, Huate Gas Rises Over 10%

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On March 19, the electronic gas sector was active, with Walter Gas (688268.SH) rising over 10%, along with Jinhong Gas (688106.SH), Kaimet Gas (002549.SZ), Guanggang Gas (688548.SH), and Hangzhou Oxygen (002430.SZ) also gaining.

According to news reports, Qatar Energy has ceased liquefied natural gas production, and helium, which is closely related to the semiconductor industry, has also stopped production. The shutdown has reduced global helium supply by approximately 30%, directly impacting semiconductor manufacturing costs.

Northeast Securities released a research report stating that they remain confident in the long-term investment value of the electronic gas sector amid supply and demand resonance. The industry market size on the demand side is expected to enter a nonlinear expansion phase. External changes in supply-side environment are forcing downstream manufacturers to accelerate supply chain restructuring, potentially opening valuable validation and growth opportunities for domestic specialty gas companies. It is recommended to focus on leading enterprises with core competitive advantages in bulk electronic gases and electronic specialty gases.

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