CSSC Special Gas: The Hardest Logic in A-shares, Vanguard of Rebound!

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### CSSC Special Gas: The Hardest Logic in A-shares, Vanguard of Rebound!

Time: 2026-07-30 21:39:38

Content: (The following is reposted from Xueqiu user Wudaodeke and does not constitute any advice.) 688146 CSSC Special Gas: Tungsten Hexafluoride (WF6) Series 2.0. Continuing from yesterday. Tungsten hexafluoride is a high-value consumable material for advanced process CVD precursors and semiconductor manufacturing. The main upstream raw materials are tungsten powder and fluorinating agents (nitrogen trifluoride or fluorine gas). It is widely used in the manufacturing of logic chips, DRAM, 3D NAND, and other products. The capacity expansion cycle is long, long-term agreements are weakening, and obtaining certification from major manufacturers is not easy. There are few companies that can produce it, and after Japan halted production, the competitive landscape shows a single company dominating. According to the latest research announcement, the company divides price adjustments into two stages: by the end of March, it completed cost-pass-through price adjustments; from Q3 onwards, it implements independent pricing based on supply-demand relationships. The new mechanism has already begun to be executed. The significant profit increase in the half-year report is just an appetizer; the large price increase cycle has not yet begun. It has shifted from "tungsten powder rose, so I raised prices" to "supply shortage, so I set prices." ...