Suzhou Jinhong Gas

What Suzhou Jinhong Gas does

Suzhou Jinhong Gas Co., Ltd. (Jinhong Gas, 金宏气体股份有限公司) is a Chinese specialty and industrial gas supplier founded in 1999 and headquartered in Suzhou, Jiangsu Province. The company is publicly listed on the Shanghai Stock Exchange STAR Market (Sci-Tech Innovation Board) under ticker 688106 since June 2020, with operations spanning approximately 1,001-5,000 employees across a network of wholly-owned subsidiaries in Huaxin, Taicang, Huai'an, Huaiyin, Qidong, Yangzhou, and Xuzhou. Its product portfolio is organized around three core lines: electronic specialty gases (including 7N ultra-high purity gases and TEOS electronic grade materials for semiconductor manufacturing), bulk industrial gases (oxygen, nitrogen, argon, CO2, LNG supplied via pipeline, on-site generation, bulk tank, and cylinder), and helium secured through a dual-wheel overseas direct sourcing and domestic production strategy. The company also provides medical oxygen to hospitals and home healthcare, and food-grade CO2 to beverage and food processing customers.

The company's revenue model combines recurring subscription-style contracts (specialty gas supply, medical oxygen), usage-based billing for bulk industrial gases, and managed services via TGCM (Total Gas Management) on-site gas supply solutions. Go-to-market is enterprise field sales targeting semiconductor fabs (Changxin Technology, Tongfu Microelectronics, Huatian Technology, Huada Semiconductor, Unimicron), heavy industrial customers (steel, chemicals, automotive), healthcare facilities, and food/beverage producers, with channels including direct sales relationships, participation in SEMICON China, and long-term supply agreements. Strategic positioning emphasizes import substitution for electronic specialty gases in China's domestic semiconductor supply chain, helium supply security, and TGCM outsourcing to lock in high-value enterprise customers.

Recent strategic activity centers on helium vertical integration through joint ventures (Beijing Jinhong Puhua Gas, Jinhong Gas Xinji with Shanxi Xinhua Energy), expansion of electronic specialty gas capacity, and a 15-year international logistics partnership with Air Flow (France) supporting exports to 14 countries. The projected H1 2026 revenue of 1.458-1.473 billion yuan implies 11-12% YoY growth, but net profit attributable to parent is expected to decline 9.27-24.11% to 62.38-74.58 million yuan, suggesting margin compression alongside top-line expansion.

Name

Suzhou Jinhong Gas

Legal name

Jinhong Gas Co., Ltd. (金宏气体股份有限公司)

Website

https://jinhonggroup.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Suzhou Jinhong Gas (SSE: 688106) is a Chinese specialty and industrial gas supplier producing 7N ultra-high purity electronic gases, bulk industrial gases, helium, and LNG for semiconductor, industrial, healthcare, and food/beverage customers, with on-site pipeline supply and TGCM service models.

Ownership category

akta.pro rank

Product category

Industrial & Specialty Gases

NAICS

Industrial Gas Manufacturing (32512), Basic Chemical Manufacturing (3251), Chemical Manufacturing (325)

SIC

Industrial Inorganic Chemicals (2810), Chemicals & Allied Products (2800), Miscellaneous Chemical Products (2890), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Electronic Specialty Gases (UHP gases for fabs) (IMAEAKAI)

akta.pro secondary industries

Electronics & Semiconductor High-Purity Gases (IMAEACAG), Helium & Rare Gases (Neon/Krypton/Xenon) (IMAEACAD), Medical & Healthcare Gases (IMAEACAF)

Keywords

• Industrial gas supply
• Specialty electronic gases
• Bulk gas distribution
• Ultra-high purity gases
• Natural gas LNG

Headquarters

HQ city

Suzhou

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Specialty Electronic Gases: High-purity electronic specialty gases for semiconductor, LED, LCD, solar PV, and photonics industries. Includes 7N ultra-purity gases, TEOS, and other electronic materials.
2. Bulk Industrial Gases: Large-volume industrial gases including oxygen, nitrogen, argon, CO2, and LNG supplied via pipeline, bulk tank, or cylinder to steel, chemical, manufacturing, and logistics sectors.
3. Medical Gases: Medical oxygen supply to hospitals and healthcare facilities, including home medical oxygen services and cylinder delivery.
4. TGCM Services: Total Gas Management Services providing on-site gas supply, pipeline systems, and operational management for customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

Suzhou Jinhong Gas manufactures and supplies industrial and specialty gases, including bulk gases (oxygen, nitrogen, argon, hydrogen, helium), ultra-high-purity (7N) electronic specialty gases for the semiconductor industry, TEOS electronic-grade material, and natural gas/LNG, delivered through on-site pipelines, bulk tanks, cylinders, and Total Gas and Chemical Management (TGCM) services to semiconductor, electronics, healthcare, steel, and chemical customers in China.

Product overview

Suzhou Jinhong Gas is a specialized industrial gas company that provides a comprehensive portfolio of gases including electronic specialty gases, bulk industrial gases, and helium. The company operates on a one-stop gas solution model, serving industries such as semiconductors, electronics, petrochemicals, steel, and environmental monitoring. The product portfolio includes high-purity electronic gases for semiconductor manufacturing (7N ultra-high purity), bulk gases for heavy industry, and strategically important helium for high-tech applications. The company also provides on-site supply services and gas pipeline installations for large customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Ultra-high-purity (7N) electronic specialty gases

Quantifiable outcome

• Successfully trial-produced 7N ultra-high purity electronic gases for domestically produced chips
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Air Flow (France, Modal Group subsidiary)flagshipTechnology or Integration · 24 February 201915-year steel gas long-term cooperation agreement signed in 2019. Air Flow provides international and multimodal logistics equipment leasing services. Jinhong Gas exports products to 14 countries in Central Asia, Middle East, and South America through Air Flow's global service network.
• Beijing Jingneng Puhua Environmental Technology (北京京能普华环境技术有限公司)coreStrategic or Co-development PartnerJoint venture Beijing Jinhong Puhua Gas established for helium supply security strategy combining overseas direct procurement with domestic self-production capabilities.
• Changxin Technology (长鑫存储)coreTechnology or IntegrationDomestic DRAM storage IDM leader. Jinhong Gas identified as supply chain beneficiary through equipment shipments and mass production roles for semiconductor materials localization.
• Shanxi Xinhua Energy Source (山西新华能源股份有限公司)coreStrategic or Co-development PartnerInvestment joint venture establishing Jinhong Gas (Xinji) subsidiary for helium extraction and liquefaction operations.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Air Liquide: Global industrial gas leader with deep China operations serving semiconductor fabs, healthcare, and industrial customers. Competes directly for tier-1 electronic specialty gas contracts with broader technology and capital resources.
• Messer Group GmbH: Privately-held global industrial gas company (post CVC partnership) with significant China operations including specialty gases for semiconductor and electronics customers. Competes in same on-site supply and bulk delivery segments.
• Linde plc: Global industrial gas leader with significant China footprint serving semiconductor and electronics customers. Direct competitor for high-purity electronic specialty gas contracts at leading-edge fabs.
• Nippon Sanso Holdings Corporation: Japanese-headquartered global industrial gas major (4091.T) with Asia-Pacific specialty gas operations including electronic gases. Competes across China and broader Asia for semiconductor fab contracts and offers comparable TGCM service capabilities.
• Air Products and Chemicals: Global gas major with China operations in industrial, medical, and electronic specialty gases. Competes for on-site gas supply contracts at large fabs and offers comparable TGCM-style services.

Direct peers

• Resonac Holdings Corporation: Japanese specialty chemicals and gas company (4004.T, formerly Showa Denko) with strong electronic materials business including high-purity gases for semiconductor manufacturing. Directly comparable in electronic specialty gas technology and customer base.
• Haohua Gas (昊华气体): Chinese specialty gas subsidiary of Haohua Chemical, producing electronic specialty gases, fluorine gases, and rare gases for semiconductor and industrial customers. Direct domestic peer competing for the same China import substitution opportunity.
• SK Specialty Co., Ltd. Korean specialty gas supplier (036490.KS) focused on electronic and high-purity gases for semiconductor manufacturers. Comparable in product mix and customer orientation toward fab customers, with similar import substitution dynamics in adjacent Asian markets.
• Peric Special Gases Co., Ltd. Chinese state-owned specialty gas company affiliated with CSSC, producing electronic specialty gases for semiconductor industry. Direct domestic competitor in the import-substitution narrative for electronic gases.
• Hangzhou Hangyang Co., Ltd. China's largest domestic industrial gas manufacturer (002430.SZ), producing air separation gases, specialty gases, and LNG with similar geographic concentration in East China. Most directly comparable Chinese-listed industrial gas competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Suzhou Jinhong Gas