Sichuan Qiaoyuan Gas Co., Ltd.
侨源股份
301286
Shenzhen Stock Exchange
Company Profile
The company has adhered to the strategic development concept of "focusing on Sichuan and Chongqing, expanding nationwide, emphasizing both retail and pipeline gases, and deeply exploring the specialty gas market" since its inception. In 2003, the company constructed the first fully liquid air separation gas production line in China at its base in Dujiangyan, which was successfully put into operation. Since 2006, the company has invested in multiple fully liquid air separation gas production lines to expand its production capacity. The commissioning of the Aba Qiaoyuan 30,000Nm³/h air separation production line, in particular, signifies the company's outstanding competitive advantages over regional competitors in terms of production capacity and cost control.At the same time, the company has long served numerous downstream industries and well-known customers in the region. It has a deep understanding and grasp of the personalized needs of local customers and has established long-term and stable business partnerships with many high-quality clients. This has helped the company establish a good brand image and gain a prominent first-mover advantage in the air separation gas retail market in the Sichuan and Chongqing region. The company's main products include high-quality oxygen, high-purity nitrogen, high-purity argon, medical oxygen, food-grade nitrogen, industrial oxygen, and other gases produced through air separation equipment. The company strictly adheres to national standards and has established a comprehensive process-oriented quality control and management system. Every stage of production to delivery undergoes rigorous inspection to ensure compliance with national product quality standards and consistent quality. The company's medical oxygen and industrial gas products have been included in the "Provincial Catalog for Promotion and Application of Excellent Products" by the Sichuan Provincial Economic and Information Commission and the Sichuan Provincial Quality Supervision Bureau. The brand "Qiaoyuan Gas (Oxygen, Nitrogen, Argon)" has also been awarded the title of "Sichuan Famous Brand Product" by the Sichuan Provincial Government. In the Sichuan region, the company possesses the largest fully liquid air separation gas production line in southwestern China. In addition to the existing production bases in Dujiangyan and Wenchuan, the company has constructed three new production bases in Meishan, Jintang, and Deyang(Currently, the Deyang base is under construction.). With the full operation of these three production bases, the company has a strong production capacity for liquid products in Sichuan region. This production capacity will cater to the needs of various industries such as metallurgy, petrochemicals, machinery, healthcare, electronics, new energy, and new materials in the western region.Furthermore, the company's Fuzhou base is equipped with an air separation gas production lines with a capacity of 25,000 Nm³/h and capacity of 40,000 Nm³/h. While meeting the gas demands of Fujian Sangang and Baosteel Desheng through on-site gas production, the surplus liquid gases are sold externally to fulfill the gas requirements of enterprises in Fujian and surrounding regions. The company's advantage in production capacity in the western region centered around Sichuan and Chongqing, as well as in Fujian centered around Fuzhou, effectively enhances the company's gas supply capability in the corresponding regions. It provides strong support for the company's expansion of customers and markets in these areas. The Wenchuan base of the company is located in the Aba Tibetan and Qiang Autonomous Prefecture, Sichuan Province, which is abundant in hydropower resources and has relatively low electricity prices. It enjoys certain cost advantages in terms of power compared to its competitors. Additionally, the company places great importance on cost control in its production and operations. The company has implemented energy-saving technologies such as "recovery of excess gas and residual liquid," "application of vacuum pipelines," and "comprehensive utilization of energy recovery." These initiatives have effectively reduced the specific consumption of products. The company has a professional and efficient transportation team and a robust logistics distribution system, capable of meeting customers' gas supply needs around the clock and in a timely manner. As of the end of this report, the company owns more than 100 dedicated transportation vehicles, the total carrying capacity is nearly 3,000 tons per day. Under normal circumstances, the company can provide uninterrupted service throughout the year, 365 days, and monitor long-distance logistics information in real-time. Through a round-the-clock automated forecasting system, it provides customers with safer and more reliable logistics distribution services. The company can also achieve timely allocation of deliveries for different customers and gas varieties, effectively reducing logistics costs. The company has focused on the industrial gas market in the Southwest and Fujian regions, and over the past two decades of business development, it has accumulated numerous high-quality customers and established long-term, stable, and sustainable partnerships. The company's customers come from various industries, including metallurgy, military industry, healthcare, chemical industry, food, new energy, and new materials. The core customers include listed companies such as Sansteel Minguang (002110), Tongwei Co., Ltd. (600438), Dongfang Electric Corporation (600875), Lier Chemical Co., Ltd. (002258), Sinopec Shanghai Petrochemical Company Limited (600460), CATL (300750), and Huayou Cobalt Co., Ltd. (603799), as well as renowned domestic enterprises such as Pangang Group and Baosteel Desheng. The company has also accumulated abundant customer resources in the military and pharmaceutical fields, contributing to the domestic defense industry and pharmaceutical sector. Additionally, leveraging its professional logistics and strong local market development capabilities, the company has established stable partnerships with numerous small and medium-sized customers. Through long-term and mutually trusting collaborations with diverse and multi-level customers, the company's product brand effect continues to strengthen, effectively ensuring its sustained and stable development. The company's main gas supply modes currently include liquid gas mode, pipeline gas mode, and bottled gas mode. The liquid gas mode and pipeline gas mode can meet the continuous and large-scale gas demand of large customers. The bottled gas mode is suitable for meeting the scattered and diversified gas demand of small and medium-sized gas users. Given the wide distribution of downstream industries in the industrial gas sector, the company can match different gas varieties, purities, and usage volumes according to the specific needs of customers at different stages. It provides one-stop, comprehensive gas supply service solutions, including production, distribution, and services, to ensure the continuous and stable gas supply for customers. Additionally, the company has a professional service team that provides regular tracking, inspection, and routine maintenance services for customers' on-site facilities, effectively meeting their service needs. The flexible and diverse gas supply and service modes significantly enhance customer experience, satisfaction, loyalty, and market reputation.
Full description
Since its establishment, the company has been engaged in the production and sales of industrial gases, belonging to the industrial gas industry. According to the "Industry Classification Guidelines for Listed Companies (Revised in 2012)" issued by the China Securities Regulatory Commission, the company's industry is classified as "Manufacture of Chemical Raw Materials and Chemical Products (C26)". According to the "National Economic Industry Classification" (GB/T4754-2017) issued by the National Bureau of Statistics, the company's industry is classified as "C2619 Manufacture of Other Basic Chemical Raw Materials". The company is a comprehensive gas supplier that specializes in the research, production, sales, and services of high-purity gases. With nearly twenty years of development, the company has established a complete range of products, excellent quality, a well-planned distribution network, timely responsiveness, and reliable delivery services. The company's product portfolio includes a variety of gases such as high-purity oxygen, high-purity nitrogen, high-purity argon, medical oxygen, food-grade nitrogen, industrial oxygen, carbon dioxide, hydrogen, various electronic gases, and gas mixtures. These products primarily cater to the needs of traditional industries such as metallurgy, chemical engineering, defense, medical, and food, as well as emerging industries including new energy, semiconductors, electronic information, biopharmaceuticals, and new materials. In the Sichuan region, the company owns the largest full-liquid air separation gas production line in the Southwest region. In addition to the existing production bases in Dujiangyan and Wenchuan, the company has also constructed three new production bases in Meishan, Jintang, and Deyang（Currently, the Deyang base is under construction.）. With the full operation of these three production bases, the company has a strong production capacity for liquid products in Sichuan region. The products mainly include liquid gas, pipeline gas, and bottled gas, catering to the customer demand in the Southwest region with the Chengdu-Chongqing economic circle as the core.In the Fujian region, the company has production lines with capacity of 25000 Nm3/h and capacity of 40000 Nm3/h air separation gas.The products primarily meet the gas demand of customers such as Fujian Sangang Group and Baosteel Desheng through pipeline gas supply. Meanwhile, the excess liquid production capacity is sold in Fujian and surrounding areas. The company provides customers with a wide range of gas products through processes such as air separation, physical purification, gas cylinder filling, and gas blending, catering to diverse customer needs. The company strictly adheres to national standards and has established a comprehensive quality control and management system. Every step of the production process, from manufacturing to delivery, undergoes rigorous inspection. The products meet national quality standards and demonstrate consistent quality and stability. The company has been dedicated to the production and sales of industrial gas products since its establishment. The company provides a wide range of gas products to meet the diverse needs of the downstream market. After years of development, the company has gained a high market reputation and industry influence. It has been recognized as a "Chengdu Famous Trademark" by the Chengdu Administration for Industry and Commerce from 2013 to 2018. It has also received the "Contribution Award" from the Medical Gases and Engineering Branch of the China Industrial Gases Industry Association from 2014 to 2019. The company's subsidiary, Aba Qiaoyuan, has been honored as a "Model Enterprise for Ethnic Unity and Progress" by the Aba Prefecture Committee and Prefectural Government. The "Qiaoyuan Brand Gases (Oxygen, Nitrogen, Argon)" has been awarded the "Sichuan Famous Brand Product" title by the Sichuan Provincial Government. The company's medical oxygen and industrial gas products have been included in the "Provincial Excellent Product Promotion and Application Catalog" by the Sichuan Provincial Commission of Economy and Information Technology, and the Sichuan Provincial Bureau of Quality and Technical Supervision. As one of the largest specialized suppliers of fully-liquid air separation gases in the Southwest region of China, the company has established a leading market position by leveraging advanced production processes, stable product quality, regional production scale, supply capacity, cost control advantages, and a rich customer base. Supported by an experienced sales team and a timely and efficient logistics distribution system, the company continues to explore the market and expand its scale. Particularly in the competition with other foreign gas industry giants in the Sichuan-Chongqing region, the company has achieved a leading market position, bringing honor to the national gas industry.In the future, the company will continue to uphold the mission of revitalizing the national gas industry, continuously enhance its overall competitiveness, and consolidate its industry position.