Zhijing Finance APP learned that Yihuatong (02402) surged over 20% in early trading and as of the time of writing, it rose 19.9%, priced at 22.35 HKD, with a trading volume of 19.236 million HKD.

In news, the General Office of the People's Government of Guangzhou recently issued "Several Measures to Accelerate the High-Quality Development of the Hydrogen Energy Industry," proposing 18 specific measures to support the sustainable and healthy development of the hydrogen energy industry in Guangzhou. Huabao Securities pointed out that in November, the Ministry of Industry and Information Technology released a solicitation of opinions regarding the action plan for the high-quality development of new energy storage manufacturing, clearly stating the goals to be achieved by 2027. Cities such as Shanghai, Anhui Province, Sichuan Province, Hubei Province, Guangzhou, Dalian, Shannan, and the Economic Development Zone of Peking have successively launched hydrogen energy-related policies covering upstream hydrogen production, midstream and downstream hydrogen storage and transportation, applications, and other links. Additionally, in November, investment and financing in the hydrogen energy industry continued to be active.

Sinolink indicated that in October, the installed capacity of fuel cell systems was 114.9MW, a year-on-year increase of 195.6%, mainly for commercial vehicles, which included 6 passenger vehicles. Among them, Yihuatong had the highest monthly installed capacity and cumulative installed capacity for the first 10 months. In October, Yihuatong ranked first in installed capacity with 65MW, accounting for 57%; from January to October, Yihuatong ranked first in cumulative installed capacity with 182MW, accounting for 29%. The company pointed out that the leading position of system providers has basically stabilized while many new players are continuously entering the market.