backgrounds

The company is a leading manufacturer of hydrogen energy storage equipment in the mainland. The company develops and manufactures hydrogen energy core equipment for the entire industrial value chain, which is used for the production, storage, transportation, addition and use of hydrogen energy. The company is located in a strategic location in the Yangtze River Delta region, with convenient transportation, close to the port, and rich supply chain resources.

Taking advantage of the company's location and benefiting from favorable policies in the global and mainland hydrogen energy industry and the hydrogen energy core equipment industry, the company strives to become the center of the global hydrogen energy core equipment supply chain.

summary

Leading supplier of automotive high-pressure hydrogen supply systems and related products: The company mainly provides automotive high-pressure hydrogen supply systems equipped with Type III hydrogen storage bottles, which have two pressure standards: 35 MPa and 70 MPa. According to the sales volume of automotive high-pressure hydrogen supply systems in the Mainland in 2023, the company ranked first, with a market share of 23.6%. The company has sufficient capacity to develop, design and manufacture such systems on its own. According to the sales value of automotive high-pressure hydrogen storage bottles in the Mainland in 2023, the company ranked first, with a market share of 26.2%.

The hydrogen supply system market has potential for development: Driven by government policy support and the development of hydrogen production and hydrogenation infrastructure, it is estimated that by 2028, the automotive high-voltage hydrogen supply system market size (in terms of sales value) will reach RMB 15.9 billion, with a compound annual growth rate of 80.7% from 2024 to 2028. The automotive hydrogen storage bottle is the core component of the automotive high-pressure hydrogen supply system. The market size (in terms of sales value) is estimated to reach RMB 9.3 billion in 2028, with a compound annual growth rate of 70.7% during the same period.

The company has many competitive advantages: including active participation in industry standard setting to strategically cover key aspects of the hydrogen-energy industry value chain, deepening the mainland and expanding overseas markets; strong R&D capabilities, comprehensive R&D cooperation and excellent talent cultivation, developing leading expertise and setting high competitive standards; deep industry awareness and experience, connecting a growing customer base; through optimized operational efficiency and the promotion of comprehensive customized services to form a strong supply chain etc.