The Zhitong Finance App learned that Dongyue Group (00189) rose nearly 5% in the afternoon. As of press release, it had risen 4.35% to HK$6.72, with a turnover of HK$43.9605 million.

Guosheng Securities released a research report saying that in this round of refrigerant boom, the effective production capacity of the three generation mainstream varieties has essentially been cut by more than 40% after implementing the quota in 2024; looking at the competitive pattern, the quota for third-generation refrigerants is more concentrated than the second generation. Depending on demand, about 70% of refrigerant terminal demand comes from overseas. The bank pointed out that in a context where three generations have begun to implement quotas, four generations of patents have not yet fully expired, and the third generation accounts for a very low share of downstream costs, third-generation refrigerants are expected to show a super boom that surpasses the historical two-round two-stage phenomenon.

Furthermore, according to media reports, Sichuan Province is exploring free highway fees for hydrogen energy vehicles, and will provide unconventional maximum support for the hydrogen energy industry. According to reports, Dongyue Group has now achieved autonomous control of more than a dozen products in the entire industry chain, from basic software to proton exchange membranes. At the same time, it has formed a 500,000 square meter production base, and is a strong competitor among domestic manufacturers.