China Hong Hydrogen Energy (09663) rose more than 8% in the afternoon, and as of the publication, it rose 8.06%, reporting 18.5 Hong Kong dollars, with a turnover of 13.6324 million Hong Kong dollars.
According to the Zhixin Finance APP, China Hong Hydrogen Energy (09663) rose more than 8% in the afternoon, and as of the publication, it rose 8.06%, reporting 18.5 Hong Kong dollars, with a turnover of 13.6324 million Hong Kong dollars.
On the news side, the Shaanxi Provincial Development and Reform Commission and the Shaanxi Provincial Transportation Department recently jointly released news, supporting the construction of hydrogen refueling stations on expressways and the policy of reducing tolls for hydrogen vehicles on expressways. Following Shandong, Sichuan, and Jilin, it is the fourth province to release toll reduction for expressways, and the only province to reduce tolls for three years, with the greatest intensity. In addition, data shows that in the first half of 2024, the cumulative installed capacity of fuel cell systems reached 320.29MW, a year-on-year increase of 46.64%.
China Hong Hydrogen Energy previously released its interim performance, with revenue of 0.133 billion yuan in the first half of the year, a year-on-year decrease of 37.34%; the company's attributable loss to owners was 0.212 billion yuan, a year-on-year expansion of 70.77%. The announcement stated that the decrease in revenue is mainly due to the early stage of commercialization of the hydrogen fuel cell industry in which the group is located, and there are certain fluctuations in operating performance; and in the first half of the year, the company's new products were in the stage of mass production importation, and it takes time for the release of production capacity, resulting in a decrease in sales of fuel cell systems.