On May 26, Wheat Gas held its 2025 Annual and First Quarter of 2026 Performance Briefing online. During the session, the management team addressed recent market concerns about the company’s high valuations and performance declines. They focused on outlining the company’s achievements in localizing high-barrier electronic specialty gases and its strategic product roadmap for the future (Note: "buju" retained as per original HTML intent, though "roadmap" could also fit depending on context). Additionally, they clarified rumors surrounding the helium extraction project in Qinghai.

As the sole gas enterprise in China to secure dual certifications from the Netherlands’ ASML and Japan’s GIGAPHOTON, Wheat Gas has achieved import substitution for 57 products. More than 20 of these products are now integrated into advanced 14nm and 7nm manufacturing process lines, with its fluorocarbon and hydride gases even breaking through into the 5nm process.

Regarding performance fluctuations, the management explained that these were mainly driven by factors such as margin pressure on specialty gases, depreciation from newly transferred fixed asset production lines, and rising period expenses. However, they underscored the company’s ongoing efforts to strengthen competitiveness through proactive measures. These include early strategic planning (or "roadmap" if preferred) for specialty gases in third-generation power devices and accelerated expansion of overseas production capacity.

As for the Qinghai helium extraction project, the company confirmed that operations officially began on May 18, reaching an annual production capacity of 1.5 million standard cubic meters of EUV-grade helium. The project employs a cost-plus pricing model to protect profit margins and secures 70% of demand through long-term gas supply agreements, effectively mitigating risks associated with global gas supply volatility.