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普罗米修斯

China blasts Japanese politicians paying respects to Yasukuni war shrine on 81st anniversary of its unconditional surrender_我的网站

极速之巅

一 | K图 688268_0 K图 688106_0 　　8月25日晚间，国内两大电子特气头部企业华特气体、金宏气体同步披露2026年半年报。

二 |
　　由于业务布局、资产结构与盈利模型，两家企业业绩走势分化明显。　　今年上半年，华特气体实现营收8.72亿元，同比增长28.95%；净利润9283.27万元，同比增长19.16%；扣非净利润8994.42万元，同比增长19.29%。　　金宏气体上半年营收14.7亿元，同比增长12.1%；净利润6789万元，同比下降17.4%；扣非净利润仅1782万元，同比大幅下滑73.5%；经营活动现金流净额2.15亿元，同比增长19.3%。

三 | 　　同样身处半导体本土化替代浪潮之下，两家行业龙头为何业绩表现出现有升有降？　　记者梳理发现，华特气体与金宏气体均深度受益半导体本土替代，也都把握住上半年全球氦气供需格局扰动带来的业务红利，但两家企业的业务发展路径已然走向分化。

四 | 　　华特气体将核心资源聚焦高端半导体电子特种气体赛道，主业围绕特种气体研发、生产及销售展开，同时配套普通工业气体、气体设备与工程业务，打造气体综合解决方案。

    Illustration: Liu Rui/GT
China strongly deplores Japan's negative moves related to the Yasukuni war shrine, and has lodged serious protests against Japan, a Chinese Foreign Ministry (FM) spokesperson said in a statement on Saturday, in response to Japanese politicians paying respects to the Yasukuni war shrine, which honors Class-A war criminals, on the 81st anniversary of Japan's unconditional surrender in World War II.
On such a sensitive day, Japanese Prime Minister Sanae Takaichi sent a ritual offering to the notorious Yasukuni shrine, while Defense Minister Shinjiro Koizumi and several senior executives of the ruling Liberal Democratic Party (LDP) visited in person, prompting Chinese experts to warn that Japan's increasingly brazen moves signal a dangerous shift toward neo-militarism.
Takaichi made a "tamagushi" ritual offering to the notorious shrine using her private funds in her capacity as LDP president, Japan's Kyodo News reported Saturday, citing LDP Secretary-General Shunichi Suzuki. Takaichi did not visit the shrine in person. Koizumi, however, visited the notorious shrine Saturday morning. Hitoshi Kikawada, a member of Takaichi's Cabinet, also visited the shrine.
Meanwhile, Suzuki, LDP General Council Chairperson Haruko Arimura and Election Strategy Committee Chairperson Yasutoshi Nishimura visited the shrine together on Saturday, according to Kyodo News and the Xinhua News Agency.
Japan's Mainichi Shimbun on Saturday described the collective August 15 visit by senior LDP executives as "unusual."
Chinese media including state broadcaster CCTV reported that it marked the first collective visit to the shrine by senior LDP executives.
Yasukuni Shrine, located in central Tokyo's Chiyoda Ward, honors 14 convicted Japanese Class-A war criminals from World War II. It has long been a source of diplomatic friction between Japan and its neighbors. For a long time, visits and ritual offerings made by Japanese officials to the controversial shrine have consistently sparked criticism and opposition both at home and abroad, hurting the feelings of the people of China, South Korea, and other countries and regions victimized by Japan's wartime aggression, according to Xinhua.
An affront to historical justice
"No pretext whatsoever can hide the Japanese politicians' true intention which is to change the verdict on the war criminals, cover up Japan's war crimes, distort the historical facts, and pave the way for accelerating remilitarization. This is an affront to historical justice, a challenge to the foundational norms of civilization, and a provocation against the postwar international order. Such behaviors have been firmly rejected by the overwhelming majority of the international community," the Chinese FM spokesperson's statement said on Saturday.
This year marks the 80th anniversary of the opening of the Tokyo Trials. To view and treat history correctly is an important prerequisite for Japan's postwar return to the international community, the political foundation for Japan's ties with neighboring countries, and more importantly, a key measure for Japan's commitment to peaceful development, the statement noted.
"We urge the Japanese side to do serious soul-searching on its history of aggression, make a clean break with militarism, and earn trust from its Asian neighbors and the rest of the world with concrete actions," the spokesperson said.
Lü Chao, an expert on East Asian studies and a professor at the Liaoning Academy of Social Sciences, told the Global Times on Saturday that attitudes toward the notorious Yasukuni shrine on this very day have long served as an important "touchstone" for the international community to judge whether Japanese political forces genuinely recognize the country's wartime aggression and responsibility.
"What is particularly alarming this year is how openly these political signals are being sent," Lü said. "The combination of an offering by the prime minister, a visit by the sitting defense minister and a coordinated appearance by senior ruling-party executives means the issue can hardly be dismissed merely as individual acts of mourning."
Although Takaichi stayed away in person, Lü said the offering still clearly demonstrated her political attitude. "Not visiting personally does not fundamentally change the political nature of the gesture," Lü said, noting that diplomatic and domestic pressure may have affected the form Takaichi chose, but not necessarily her underlying position.
Particular attention required
"The collective actions of senior figures in the ruling party deserve particular attention," he said. "They raise the question of whether Japan's political establishment has truly developed a correct understanding of its aggression and wartime crimes."
Chinese military affairs expert Song Zhongping told the Global Times on Saturday that visits by Japanese conservative lawmakers and government officials to the notorious shrine are not new and should not be treated as an isolated development unique to the Takaichi administration.
Former prime minister Junichiro Koizumi repeatedly visited the shrine and went there as prime minister on August 15, 2006. Shinzo Abe visited as sitting prime minister in December 2013. Shinjiro Koizumi himself visited on August 15, 2025, when he was agriculture minister.
"The important point is that this tendency has persisted within Japanese right-wing politics for decades," Song said. "What we are seeing now is not its sudden emergence, but its increasingly overt expression."
Song further noted that the political significance of Koizumi's visit is amplified by his current position as defense minister. "A defense minister's understanding of wartime history cannot simply be regarded as a private attitude," he said. "It inevitably leads people to ask what kind of direction Japan's defense policy and Self-Defense Forces may take."
Such concern comes as the Takaichi government pushes to strengthen Japan's military capabilities and pursue constitutional revision.
Song stressed that Japan has already expanded defense spending, developed so-called counterstrike capabilities and eased restrictions on defense equipment transfers under the existing Constitution, meaning constitutional revision should not inaccurately be portrayed as a legal prerequisite for all such measures.
What deserves greater scrutiny, he said, is whether historical revisionism, constitutional revision and military expansion are increasingly reinforcing one another.
"The issue surrounding the notorious Yasukuni Shrine is not simply one of mourning," Song said. "When political forces refuse to squarely confront the history of aggression while simultaneously seeking greater military capabilities and fewer postwar restraints, neighboring countries have every reason to remain vigilant."
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五 | 　　特种气体是华特气体第一大收入来源。报告期内，公司特种气体业务营收5.86亿元，同比增长38.56%；普通工业气体、设备工程业务协同配套，分别实现营收1.71亿元、9333.04万元，同比分别增长15.06%、15.15%。

六 | 　　2026年上半年，受地缘政治因素扰动，全球氦气供需收紧、价格上行，成为两家企业共同的业绩催化剂。　　华特气体披露，报告期氦气及相关产品营收占总营收约20%，板块营收同比大增133%。

七 | 不过公司也提示，氦气产品销售价格已较前期高点出现明显回落。　　产品端，华特气体国产化矩阵持续扩容，公司上市之初实现进口替代的产品为22款，现已增加至57款。

八 | 重点攻坚光刻混合气、氟碳类等高附加值半导体特气，相关产品持续导入韩国、东南亚等地晶圆制造企业供应链。　　但规模扩张背后风险同样显现，华特气体应收账款持续走高。　　近三年一期，华特气体应收账款净额依次为3.2亿元、3.5亿元、3.7亿元、4.2亿元。公司称，为拓展市场对客户给予一定信用期，若下游半导体行业需求波动、中小客户现金流承压，公司或将面临应收账款坏账风险。　　《科创板日报》记者注意到，与华特气体不同，金宏气体定位高端气体全产业链综合服务商，走大宗气体与特种气体并行的平台化路线。　　该公司产品线覆盖较广，既布局超纯氨、高纯氧化亚氮等特种气体，也供应半导体电子大宗载气以及其他工业领域大宗气体，整体业务体量更大。　　收入结构上，大宗气体为金宏气体第一大收入来源，上半年实现营收6.17亿元，占总营收比重41.85%；此外，集成电路业务是重要增长引擎，上半年实现营收5.05亿元，同比增长29.56%，占总收入超三成。　　金宏气体同样吃到氦气涨价红利，报告期氦气业务营收同比增长140.53%，集成电路板块收入大幅抬升。但营收的高增，未能对冲电子大宗载气等业务带来的成本冲击，公司净利润依旧同比下滑17.4%。　　对于利润承压，金宏气体解释，前期逆势布局的项目陆续完工转固，折旧费用显著增加，拖累整体综合毛利率；同时电子大宗载气项目采用融资租赁模式，资产处置损益增加，推高本期非经常性损益。　　财报显示，金宏气体持续推进“大宗零售压舱石、特种气体潜力股、现场制气稳定器”的抗周期业务布局，希望通过多板块协同、长短周期匹配的产业结构，对冲行业阶段性波动。　　记者注意到，金宏气体重资产属性突出，依靠大规模资本开支实现规模扩张，公司“纵横”战略持续落地，资产与营收体量同步抬升。近三年一期，公司资产总额分别为62.40亿元、67.67亿元、77.78亿元、82.56亿元；营业收入分别为24.27亿元、25.25亿元、27.77亿元、14.73亿元。　　此外，金宏气体还存在商誉减值风险。截至2026年6月30日，公司商誉账面价值3.74亿元，来自收购长沙曼德、上海申南、上海振志等标的形成的并购溢价。　　金宏气体表示，若管理能力跟不上业务扩张节奏、子公司制度执行不到位，公司将面临规模扩张带来的管理及内控风险。　　业务路径选择的差异，也使得两家公司面对行业外部变量时，抗风险能力出现明显分化。（文章来源：财联社）。