HuaTe Gas: Net profit of 144 million yuan in 2025, down 22.17% year-on-year

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Walt Gas released a performance summary. In 2025, it achieved total operating revenue of 1.419 billion yuan, up 1.72% year over year; net profit was 144 million yuan, down 22.17% year over year. During the reporting period, the industry showed a distinct pattern of “a rebound on the demand side and pressure on the price side.” Although the company, leveraging its stable supply capability, drove a significant increase in the sales volume of its core specialty gas products, fierce market competition led to continued declines in sales prices, clearly offsetting the growth in sales volume. Facing downward pressure on prices, the company’s response strategy delivered positive results: by releasing capacity for highly profitable new products and accelerating the transformation of results, it effectively optimized its profit structure. During the reporting period, the company’s consolidated gross margin increased by 0.6 percentage points year over year, validating its operational resilience, and the ongoing benefits of product-structure optimization continued to become evident.

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