Suzhou Jinhong Gas Co Ltd

In early trading on July 13, industrial gas concept stocks opened sharply higher. Shuifa Gas hit its daily limit up at the open. Jinhong Gas and Huate Gas were among the top gainers, while Kemet Gas and Hangyang also surged to their daily limits. On the news front, the Ministry of Commerce and the General Administration of Customs announced on July 10 temporary export controls on helium. The traditional Chinese medicine sector was active, with Yiling Pharmaceutical, Kangyuan Pharmaceutical, and Taiji Group among the top gainers. Longshenrongfa rose over 16 percent, and Harbin Pharmaceutical and Lifang Pharmaceutical hit their daily limits. This followed the State Council's approval of the 15th Five-Year Plan for the Revitalization and Development of Traditional Chinese Medicine. In Hong Kong, the market opened lower but then moved higher, with the Hang Seng Tech Index briefly gaining over 1 percent.

China's Ministry of Commerce and the General Administration of Customs issued a notice on July 10, imposing temporary export ban management on helium, triggering a sharp opening surge for industrial gas concept stocks on the morning of July 13. Jinhong Gas and Huate Gas led the gains, Shuifa Gas hit the daily limit at the open, Jovo Energy locked in its second consecutive daily limit, and stocks such as KMT Gas and Hangzhou Oxygen also hit their daily limits. Helium is hailed as the 'golden gas' and is indispensable in semiconductor manufacturing. With demand surging recently, Zhang Zhijun, deputy manager of the production department at Shanghai Youjiali Specialty Gases, said daily output has doubled compared with the start of the year. The China Industrial Gases Industry Association noted in a statement that this move is an important measure to safeguard helium resource security and promote high-quality development of the industry, and will help maintain the stability of the global gas supply chain.