Company Profile · Basic Materials

Peric Special Gases Co. Ltd. A

688146 · Shanghai
Industry
Electronic Materials
Exchange
Shanghai
Country
China
Employees
886
Website
www.pericsg.com
Current Price
¥364
Live · Jun 18, 2026
Fair Buy
≤ ¥20
Margin-of-safety entry
Baillie Growth Score
38/100
Weak
Intrinsic Value · Three-Tier Range Current price ¥364 Live · Above the optimistic ceiling · future growth overdrawn

Composite valuation range · conservative ¥12–¥20 / fair ¥20–¥30 / optimistic ¥30–¥45. At ¥364, Above the optimistic ceiling · future growth overdrawn.

At publication ¥252.18 (Jun 9, 2026)

Research on this stock
Peric Special Gases Co., Ltd.
688146 · Shanghai
Avoid
Peric Special Gases (688146.SHG) Buffett Framework Deep-Dive Research

Peric Special Gases is China's leading electronic specialty gases supplier, focused on chipmaking-critical gases such as nitrogen trifluoride and tungsten hexafluoride, ranking No. 1 in China and No. 9 globally by integrated-circuit electronic specialty gas sales revenue in 2024. The core thesis is that 2025 revenue reached 2.26 billion yuan, operating cash flow remained healthy, net cash was about 2.46 billion yuan, and the balance sheet was solid, but ROE has fallen from 22% to 6%, free cash flow remains under pressure, and the current PE TTM of about 370x and PB of about 22.75x are far detached from fundamental support. Rating Avoid: a capable business whose stock price has already consumed too much of the optimistic long-term story upfront.

Electronic Materials Baillie 38 Jun 9, 2026
About the company

Peric Special Gases Co., Ltd. engages in the research and development, production, and sale of electronic special gases and trifluoromethanesulfonic acid series products in China. The company offers nitrogen trifluoride, tungsten hexafluoride, hydrogen chloride; special electronic gases, such as deuterium, hexafluorobutadiene, octafluorocyclobutane, and electronic mixed and pure gases; lithiumbis(trifluoromethanesulfonyl)imide and trifluoromethanesulfonic acid; and new fluorine-containing materials. Its products are used in integrated circuit, display panel, lithium battery new energy, and pharmaceutical industries. Peric Special Gases Co., Ltd. was founded in 2016 and is based in Handan, China.

Financial snapshot
Market capCN¥192.71B
Revenue (TTM)CN¥2.45B
EBITDACN¥689.4M
Profit margin14.73%
ROE6.28%
P/E (TTM)535.29
Forward P/E0
EPSCN¥0.68
Dividend yield0.06%
52-week rangeCN¥27.45 – CN¥365.00

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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