According to the Wise Financial News APP, China Fuel Hydrogen (02582) rose another 14% on the second day of listing, reaching a high of 89.05 Hong Kong dollars during trading, a gain of over 37% from the IPO price of 65 Hong Kong dollars. As of the time of writing, it rose by 10%, trading at 85.8 Hong Kong dollars, with a turnover of 11.3311 million Hong Kong dollars.

It is reported that Guofu Hydrogen Energy is a leading manufacturer of hydrogen storage and transportation equipment in china. The company researches and manufactures core equipment for the entire industrial value chain of hydrogen energy for production, storage, transportation, refueling, and utilization. The company focuses on developing the transportation field in china, developing and manufacturing core components of hydrogen fuel cell autos (specifically, onboard high-pressure hydrogen supply systems) and hydrogen energy transportation infrastructure (specifically, hydrogen refueling stations) equipment. Based on the sales volume of domestic onboard high-pressure hydrogen supply systems in 2023, the company ranks first with a market share of 30.4%.

Cinda Securities stated that the fuel cell energy industry is still in the early stages of development, with significant cost reduction potential in the upstream green hydrogen production end, and with government support and accelerated localization of key components, the future market prospects are broad. The electrolyzer market is expected to be wide, with downstream vehicle and key component sectors poised for rapid development.