Company Profile · Basic Materials

Guangdong Huate Gas Co Ltd

688268 · Shanghai
Industry
Industrial Gases
Exchange
Shanghai
Country
China
Employees
1,243
Website
www.huategas.com
Current Price
¥188.36
Live · Jun 18, 2026
Fair Buy
≤ ¥35
Margin-of-safety entry
Baillie Growth Score
42/100
Weak
Intrinsic Value · Three-Tier Range Current price ¥188.36 Live · Above the optimistic ceiling · future growth overdrawn

Composite valuation range · conservative ¥18–¥30 / fair ¥30–¥55 / optimistic ¥55–¥85. At ¥188.36, Above the optimistic ceiling · future growth overdrawn.

At publication ¥183.02 (Jun 9, 2026)

Research on this stock
Guangzhou Huate Gas Co., Ltd.
688268 · Shanghai
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A Long-Term Owner's View of Huate Gas

Huate Gas is a leading Chinese domestic-substitution player in electronic specialty gases, supplying high-purity specialty gases and gas equipment for semiconductor and display manufacturing. The core thesis is that the company benefits from domestic substitution and fab/display capacity expansion, but 2025 revenue rose only 1.7%, net profit attributable to shareholders fell about 27% to RMB 135 million, the static P/E is about 163x, and margins plus capital returns are being eroded by price competition, capacity ramp-up, and depreciation. Report rating Watch: a capable domestic substitute in a promising niche, but the current valuation leaves little room for owner-oriented returns.

Industrial Gases Baillie 42 Jun 9, 2026
About the company

Guangdong Huate Gas Co., Ltd produces and supplies gas and gas equipment in China, and internationally. It offers perfluoropropane/octafluoropropane; hexafluoro and butadiene; germane gas; nitrous oxide; hydrofluoric acid; ammonia solution; acetone; liquid helium; xenon; krypton; sulfur hexafluoride; ethylene; carbon monoxide; ethylene oxide; methane; helium; difluoromethane; neon; tetrafluoromethane; octafluorocyclobutane; hexafluoroethane; argon; nitrogen; disilane; and oxygen and carbon dioxide. The company was formerly known as Foshan Huate Gas Co., Ltd and changed its name to Guangdong Huate Gas Co., Ltd in July 2015. The company was incorporated in 1999 and is headquartered in Foshan, China.

Financial snapshot
Market capCN¥24.05B
Revenue (TTM)CN¥1.47B
EBITDACN¥278.42M
Profit margin8.52%
ROE5.66%
P/E (TTM)182.87
Forward P/E0
EPSCN¥1.03
Dividend yield0.27%
52-week rangeCN¥46.59 – CN¥228.82

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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