Futu News on November 14th, $GUOFUHEE (02582.HK)$ Today, the dark market opened high, up 24.62% to HKD 81.00, with a turnover of 8.2373 million Hong Kong dollars and a total market value of 8.482 billion Hong Kong dollars; 100 shares per lot, without counting commission, earning 1,600 Hong Kong dollars per lot.

Market data source: Futu Securities >

Investment highlights

Leading Industry Position: The company is the leading hydrogen energy storage and transportation equipment manufacturer in China, engaged in the research and manufacturing of the entire industrial value chain of hydrogen core equipment including production, storage, transportation, refueling, and utilization of hydrogen energy. According to Frost & Sullivan data, in 2023, based on sales, the company has consistently maintained the largest market share in the national market for onboard high-pressure hydrogen supply systems. Based on the number of refueling stations in China that have been built and equipped with the company's equipment, the company holds the largest market share in the refueling station market. The company also focuses on the research and iterative development of core technologies for liquid hydrogen equipment and water electrolysis hydrogen production equipment, maintaining a competitive advantage in key technologies in the relevant fields through continuous research and development investment.

Strong R&D Capability: The company has collaborated with multiple universities and research institutions (including Tsinghua University, Zhejiang University, Southeast University, and Hefei General Machinery Research Institute) to pursue research cooperation and talent development. The company places great emphasis on R&D and technology team building, currently having a research and development team composed of professionals with necessary hydrogen-related skills and experience, contributing to the innovation of multiple patented and non-patented technologies. As of May 31, 2024, the company has a research and development team of 76 people, with members possessing professional knowledge and experience in areas such as onboard high-pressure hydrogen storage cylinders, water electrolysis hydrogen production, liquid hydrogen production, storage, and transportation.

Risk warning

Intense market competition: The company is currently facing and will continue to face intense competition from other similar product manufacturers. Competitors may have several competitive advantages over the company, including but not limited to higher brand recognition, more financial resources, longer operational history, broader product applications, stronger R&D capabilities, larger customer base, and more solid supplier relationships. The company may not necessarily be able to compete successfully with these competitors or new market entrants, which may have an adverse impact on the company's business and financial performance.

Market price fluctuations: The main raw materials used in the company's manufacturing activities mainly include carbon fiber and aluminum pipes. Since 2021, the company has sourced the vast majority of its carbon fiber from domestic suppliers in China. Since its establishment, all of the company's aluminum pipe suppliers have been domestic suppliers in China. During the past performance period, the cost of carbon fiber accounted for a large part of the company's total raw material cost. The company cannot guarantee that its relationships with major suppliers will continue to remain stable. If the company's relationships with key suppliers are terminated, interrupted, or modified in any way unfavorable to the company, its business, financial condition, and operational performance may be adversely affected.

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Editor/Hao