Two stocks associated with the tungsten hexafluoride concept, Peric Special Gases Co.,Ltd. (688146) and Grandit Co.,Ltd. (688549), have seen sustained strength recently, prompting multiple risk warnings from the companies.
The share price of Peric Special Gases Co.,Ltd. surged by 356.20% over 29 consecutive trading days from May 11 to June 18, repeatedly triggering alerts for abnormal and severe abnormal stock price volatility.
Key Risk Disclosure from Peric Special Gases
On the evening of June 21, Peric Special Gases Co.,Ltd. issued a stock trading risk announcement. It noted heightened market attention on its tungsten hexafluoride product, with media reports and market rumors discussing its capacity, pricing, specifications, and orders. The company emphasized that all official information is published on the Shanghai Stock Exchange website and designated media outlets, urging investors not to trust unverified market rumors or online information and to avoid overstating the impact of a single product on company performance.
For the first quarter of 2026, Peric Special Gases Co.,Ltd. reported a total profit of 114 million yuan and a net profit attributable to shareholders of 101 million yuan.
The company stated that its overall operational scale remains relatively small, limiting its ability to withstand market volatility and industry changes. Its business performance is subject to uncertainties from various factors, including the macroeconomy, downstream market trends, competitive landscape, product competitiveness, policy environment, and final pricing.
Technologically, downstream industries like integrated circuits and display panels may adopt new technologies, creating demand for new products and posing substitution risks for existing offerings.
Regarding market competition, an increase in market participants could intensify competition and potentially drive product prices lower. If the company's product iteration lags or lacks competitiveness, it could lead to sales declines, reduced market share, and adverse effects on financial performance.
Furthermore, potential future changes in the macroeconomic environment or weakening downstream demand could lead to an industry downturn or reduced customer capital expenditure. This might result in decreased product demand, underutilized capacity, lower selling prices, and significant fluctuations in the company's performance.
Grandit Co.,Ltd. Also Sees Sharp Gains
Turning to Grandit Co.,Ltd., its share price accumulated a gain of 180.63% from May 8 to June 18. This increase was significantly higher than the rises in relevant indices like the STAR Market Composite Index (up 11.33%) and the STAR 50 Index (up 13.86%) over the same period.
Risk Announcement from Grandit Co.,Ltd.
Grandit Co.,Ltd. also issued a stock trading risk warning on the evening of June 21. The company acknowledged recent media reports and market rumors involving topics such as "overseas supply disruption of tungsten hexafluoride," "soaring prices of tungsten hexafluoride," "core target for import substitution," and "domestic leading tungsten hexafluoride companies expected to benefit fully from the current industry upcycle."
The announcement clarified that, as of now, the company has not signed any new legally binding long-term or substantial order agreements for high-purity tungsten hexafluoride. This product is manufactured by Zhejiang Borui Zhongxiao Technology Co., Ltd., a joint venture established by the company's wholly-owned subsidiary, Zhejiang Borui Electronics Technology Co., Ltd., and Central Glass Co., Ltd., with Borui Electronics holding a 51% stake. The current annual production capacity for tungsten hexafluoride is 600 tons, and there are no immediate plans for expansion. Additionally, rising costs of upstream tungsten materials have increased the company's raw material procurement costs, introducing uncertainty regarding the impact on its operating performance.
The company also noted the presence of inaccurate information about its tungsten hexafluoride capacity and prices on certain online platforms. It reiterated that all official information is published on the Shanghai Stock Exchange website and designated media, advising against reliance on unverified market rumors.
Grandit Co.,Ltd. further indicated that its stock price may face a decline risk due to the recent rapid short-term increase. As of the announcement date, the company's daily production and operations are normal, with no other significant undisclosed information.
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