According to Zhitong Finance APP, Yihuatong (02402) rose by more than 6% again, as of the time of writing, it has increased by 3.46%, priced at 22.45 HKD, with a trading volume of 20.8929 million HKD.

Sinolink pointed out that in October, the installed capacity of fuel cell systems was 114.9 MW, a year-on-year increase of 195.6%, primarily for commercial vehicles, which included 6 passenger vehicles. Among them, Yihuatong's monthly installed capacity and cumulative installed capacity for the first ten months both ranked first. In October, Yihuatong had the highest installed capacity at 65 MW, accounting for 57%; from January to October, Yihuatong had the highest cumulative installed capacity at 182 MW, accounting for 29%. The organization noted that the leading pattern of system providers has basically stabilized, while several new players continuously enter the market.

Changjiang Securities pointed out that the "Energy Law" released in early November includes hydrogen energy in the category of energy, legally recognizing it, which is expected to promote the nationwide relaxation of approval and construction restrictions for hydrogen production, hydrogen refueling stations, and hydrogen storage and transportation, thereby reducing ineffective cost expenditures; as 2025 approaches, the year for mid- to long-term assessments of hydrogen energy planning, the application of hydrogen energy is expected to accelerate. The industry still remains in the early stages of development, with a strong bullish outlook on core component investment opportunities such as electrolyzers, hydrogen pipelines, compressors, hydrogen storage tanks, and fuel cell systems, keeping an eye on Yihuatong and others.