About Us
AirPower Technologies Limited

We are the leading integrated industrial gases solution provider with nationwide footprint in China, covering one of the largest and fastest growing industrial gases markets in the world in terms of total revenue in 2020, according to Frost & Sullivan. Our Group with Baosteel Gases combined hold the leading market position in China's overall industrial gases market by total revenue with a combined market share of 12.6% in 2020, a 22.3% market share in the independent industrial gases market and a 37.7% market share in the independent on-site gas supply market in China in 2020. We have also established ourselves as one of the leading hydrogen producers among all industrial gases producers in China, and the Group has made hydrogen a strategic focus given the secular growth trend driven by carbon neutrality opportunities and our ESG mission. We grew significantly from 2016 to 2020, over which period our revenue and EBITDA,  increased at a CAGR of 17.72% and 19.83%, respectively, driven by favorable macroeconomic backdrop, attractive project economics, loyal customer base and differentiated business development capabilities.

  • On-site
  • Merchant
  • Clean Energy
Speech of CEO

We view industrial gases as an attractive sector that offers a combination of resilience and growth. As the lifeline of industrial production, industrial gases products are key industrial consumables with recurring demand from the broader economy, while typically generating a utility-like cash flow.

We commenced our operations in Hunan Province, China in 2001 to seize the opportunity presented to independent domestic industrial gases producers in China. After being listed on the Main Board of Hong Kong Stock Exchange in 2009, we were acquired by PAGAC II-2 Limited, which is an affiliate of PAG, one of Asia' s largest independent alternative investment management groups focusing on private equity, real estate and absolute returns, in 2017.

Under the common leadership of PAG and the same senior management team, we collaborated with Baosteel Gases, generating synergies by leveraging our and Baosteel Gase' highly complementary product portfolios and business development capabilities, joint procurement and centralized operational functions.'

On July 29, 2021, our collaboration culminated in the Acquisition, in which we acquired 64.82% of equity interest in Baosteel Gases. We acquired the majority equity interest in Baosteel Gases from PAG with a view to achieving synergies between Baosteel Gases and our existing business, including diversifying our product offerings, expanding our production facilities and growing our customer base.

Especially, with the global decarbonization trend and demand for zero-carbon energy sources, hydrogen is increasingly recognized as a clean and versatile energy carrier and feedstock with the potential to disrupt the broader energy industry. We believe hydrogen will be a key growth driver for the industrial gases market over the coming decades, with key players like us taking a crucial role.


Chief Executive Officer and Executive Director:
Corporate Culture
  • Safety First

    It's the cornerstone of survival, is a prerequisite for all business activities.

  • Collaboration and Commitment

    Commitment to improve the efficiency of collaboration; Scientific decision-making to establish the digital intelligence system.

  • Excellent Innovation

    The pursuit of progress, to become the industry benchmark; Embrace change and constantly surpass themselves.

  • Professional Integrity

    Continues improvement to discover customer needs; Respect rules to gain long-term trust.

  • Win-win Value

     Internal and external synergy to create customer value; Ecological symbiosis to pursue sustainable development.   

Development History
Qualification Honor
  • The most competitive enterprise in the gas industry for the 40th anniversary of reform and opening up
  • Vice Chairman Entity of China Industrial Gases Industry Association
  • The 8th Special Contribution Award of China Industrial Gases Industry Association
  • 2019 Pudong New Area High-growth Enterprise Outstanding Contribution Award
  • Top 100 Economic Contribution Enterprises in 2019
  • 2020 China Talent Management Technology Model Award