江蘇國富氫能技術裝備股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02582） 更改每手買賣單位 董事會宣佈，H股於聯交所買賣的每手買賣單位將由100股H股更改為50股H股，自 2025年6月20日（星期五）上午九時正起生效。有關更改每手買賣單位的預期時間表載 於下文。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. H股股東可於2025年6月6日（星期五）至2025年7月15日（星期二）（首尾兩日包括在內） 營業時間（即上午九時正至下午四時三十分）內，將其每手買賣單位為100股H股的現 有H股股票交回H股證券登記處，以免費換領每手買賣單位為50股H股的新H股股票。 董事會宣佈，H股於聯交所買賣的每手買賣單位將由100股H股更改為50股H股，自2025 年6月20日（星期五）上午九時正起生效。 H股目前按每手100股H股的買賣單 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 建議變更所得款項用途 本公告由江蘇國富氫能技術裝備股份有限公司（「本公司」，連同其附屬公司統稱為「本集 團」）作出，旨在讓本公司股東（「股東」）及潛在投資者知悉本公司於2024年11月首次公 開發售（「全球發售」）所得款項用途之變更。 茲提述(i)本公司日期為2024年11月7日的招股章程（「招股章程」）中「未來計劃及所得款 項用途」一節；(ii)本公司日期為2024年11月14日的公告，內容有關最終發售價及分配結 果；及(iii)本公司截至2024年12月31日止年度的年報（「2024年年報」）中「全球發售所得 款項用途」一節，內容有關截至2024年12月31日全球發售籌集的所得款項淨額（「所得款 項淨額」）的用途。除另有界定者外，本公告所用詞彙與招股章程及2024年年報所界定者 具有相同涵義。 建議變更所得款項用途 誠如2024年年報所述，經扣除本公司就全球發售應付的包銷費用及佣金以及其他開支 後， ...

Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. 江蘇國富氫能技術裝備股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02582） 於2025年5月20日（星 期 二）舉 行 的 股東週年大會投票表決結果 及 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 根據上市規則的規定，於股東週年大會上提呈的決議案須以投票方式表決。股東 週年大會由董事長鄔品芳先生主持。全體董事均親身或通過電子方式出席股東週 年大會。 – 1 – 於股東週年大會日期，已發行股份總數為104,710,560股股份，包含25,222,843股 內 資股及79,487,717股H股，且本公司並無持有任何庫存股份。賦予股東權利出席股 東週年大會並於會上就提呈的決議案投票的股份總數為104,710,560股股份，相當 於已發行股份總數的100%。概無股份賦予股東權利出席股東週年大會，但須根據 上市規則第13.40條放 ...

Core Insights - The portable hydrogen refueling station industry in China is currently in the market demonstration and promotion stage, leveraging its advantages of low-cost investment and rapid deployment to penetrate key operational scenarios for heavy fuel cell vehicles, such as port logistics and mining transportation [1][15] - The demand for portable stations is expected to surge as the number of fuel cell vehicles continues to rise, with projections indicating that by 2024, the cumulative number of portable hydrogen stations in China will exceed 190, accounting for 35% of the total hydrogen stations nationwide [1][15] - The "14th Five-Year Plan" for hydrogen energy is set to conclude in 2025, prompting accelerated construction efforts across various regions, with Guangdong province planning to establish 200 hydrogen stations by 2025, of which 40% are expected to be portable stations [1][15] Industry Overview - Portable hydrogen stations integrate multiple functional modules, such as hydrogen production, compression, storage, and refueling, into a movable shell, offering advantages like compact structure, low investment costs, and ease of operation and maintenance [2] - The industry is characterized by a collaborative ecosystem driven by upstream equipment manufacturing and hydrogen supply, midstream construction and operation services, and downstream applications in fuel cell vehicles [9][11] Technical and Economic Advantages - Portable hydrogen stations exhibit significant advantages in terms of technical economics, with a modular design that reduces land use to 1/3 to 1/2 of traditional fixed stations, and initial investment costs that are 30%-50% lower [5][8] - The rapid installation feature allows for a site commissioning period of just 1-2 weeks, greatly enhancing the efficiency of hydrogen infrastructure deployment [5][8] Competitive Landscape - The competitive landscape includes state-owned enterprises, private companies, and innovative firms, with major players like Sinopec and PetroChina leading the market due to their extensive fuel station networks and financial strength [17][20] - The industry is witnessing a shift towards regional development, with eastern regions focusing on commercial applications while central and western regions leverage green hydrogen resources [17][20] Future Trends - The portable hydrogen station industry is transitioning from policy pilot projects to large-scale applications, characterized by a combination of policy-driven initiatives, technological breakthroughs, and innovative business models [22] - Future developments will focus on integrating renewable energy sources, enhancing energy service capabilities, and fostering global collaboration within the industry [22][25]

Market Overview - The recent US-China talks exceeded market expectations, leading to a significant surge in the Hang Seng Index by 2.98% with trading volume reaching 322.4 billion [1] - The ceasefire agreement between India and Pakistan has positively impacted both countries' stock markets, with Pakistan's KSE-30 index soaring by 9.2%, marking its largest increase since 2008 [1] US-China Trade Relations - The US announced a suspension of a 24% tariff set to take effect on April 2, 2025, while maintaining a 10% tariff, effectively reducing the overall tariff on Chinese goods from 145% to 30% [2] - This significant concession from the US is attributed to several factors, including the need to replenish dwindling inventories and the urgency to achieve results ahead of the upcoming elections [3] Sector Performance - The consumer electronics sector, particularly companies within Apple's supply chain, benefited the most from the tariff reductions, with stocks like Highway Electronics and AAC Technologies rising over 13% [4] - Automotive parts suppliers with significant North American business exposure, such as Minth Group and Quanfeng Holdings, saw stock increases of nearly 10% [4] Financial Sector Response - Major financial institutions, including Hongye Futures and CITIC Securities, experienced stock price increases of over 6%, reflecting positive market sentiment following the trade talks [5] Individual Company Highlights - Midea Group reported a record revenue of 128.4 billion yuan in Q1 2025, a 20.61% year-on-year increase, and plans to enhance its overseas presence through strategic partnerships [10] - The company is also making strides in the commercial air conditioning sector and aims to expand its robotics division with new product testing scheduled for May [11] International Relations and Infrastructure - Brazilian President Lula's visit to China aims to strengthen bilateral relations and discuss infrastructure projects, including a railway connecting Brazil to China, which could reshape international trade logistics [8]

Core Viewpoint - Nuclear hydrogen production utilizes heat generated from nuclear reactors as an energy source for hydrogen production, aiming for efficient, large-scale hydrogen generation while significantly reducing greenhouse gas emissions [1][2][4]. Industry Overview - Nuclear hydrogen production is a process that converts nuclear energy into hydrogen through various methods, including water electrolysis, thermochemical cycles, and high-temperature steam electrolysis, with the goal of minimizing CO2 emissions [2][4]. - The global nuclear hydrogen market is projected to exceed $450 million by 2024, driven by advancements in nuclear reactor technology and the hydrogen energy sector [1][13]. Current Technologies - The current mainstream technology for nuclear hydrogen production involves coupling nuclear energy with water electrolysis, while future directions include methane steam reforming, high-temperature steam electrolysis, and thermochemical cycles [6][7]. - Methane steam reforming is the primary industrial hydrogen production method, but it generates significant greenhouse gases. Coupling this process with nuclear energy can reduce natural gas consumption and CO2 emissions [6][7]. - High-temperature steam electrolysis, utilizing heat from nuclear reactors, can significantly lower the energy consumption required for hydrogen production compared to conventional methods [7]. - Thermochemical cycles involve multiple heat-driven chemical reactions that can be efficiently powered by nuclear reactors, enhancing hydrogen production efficiency [7][8]. Market Status - Major nuclear power countries, including the US, Japan, the UK, and China, have initiated nuclear hydrogen projects. The US Department of Energy began research in 2004, supporting demonstration projects at several nuclear plants [1][13]. - In Japan, significant advancements have been made in high-temperature gas-cooled reactors, demonstrating successful hydrogen production processes [1][13]. - China's nuclear hydrogen projects began during the "11th Five-Year Plan," with ongoing research and development in thermochemical cycles and high-temperature steam electrolysis [1][15]. Development Background - The hydrogen energy sector is rapidly growing, with hydrogen recognized as a key player in the transition to sustainable energy due to its zero-emission and high-efficiency characteristics [8][11]. - China is the world's largest hydrogen producer, with production expected to increase from 35 million tons in 2023 to 36.95 million tons in 2024 [8][11]. Policy Support - The Chinese government has implemented various policies to support the hydrogen industry, including the "Hydrogen Industry Development Plan (2021-2035)" and local government initiatives [15][17]. - These policies emphasize the development of advanced hydrogen production technologies, including nuclear high-temperature hydrogen production [15][17]. Future Recommendations - The nuclear hydrogen industry should focus on comprehensive planning, open collaboration, increased investment in advanced technologies, and the promotion of industrialization and market development [21].

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. 江蘇國富氫能技術裝備股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02582） 經修訂股東週年大會通告 茲通告 江 蘇 國 富 氫 能 技 術 裝 備 股 份 有 限 公 司（「本公司」）將 於2025年5月20日（星 期 二）上 午 十 時 正 假 座 中 國 江 蘇 省 張 家 港 市 國 泰 北 路236號辦公大樓2樓多媒體會議 室 舉 行 股 東 週 年 大 會（「股東週年大會」），以 考 慮 並 酌 情 通 過 下 列 決 議 案： 普通決議案 – 1 – 1. 審議及批准本公司截至2024年12月31日止年度的董事會（「董事會」）工作報告。 2. 審議及批准本公司截至2024年12月31日止年度的監事會工作報告。 3. 審議及批准本公司截至2024年12月31日止年度的 ...

經修訂股東週年大會通告及 適用於2025年5月20日舉行的股東週年大會的經修訂代表委任表格 茲提述江蘇國富氫能技術裝備股份有限公司（「本公司」）日期為2025年4月28日的股東週 年大會通告（「原有股東週年大會通告」）及適用於2025年5月20日（星期二）舉行的股東週 年大會（「股東週年大會」）的代表委任表格（「原有代表委任表格」）。除另有界定者外， 本公告所用詞彙與原有股東週年大會通告及原有代表委任表格所界定者具有相同涵義。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. 江蘇國富氫能技術裝備股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02582） 澄清公告 承董事會命 江蘇國富氫能技術裝備股份有限公司 董事長兼執行董事 本公司董事會（「董事會」）謹此澄清，原有股東週年大會通告及原有代表委任表格所載的 第8項及第9項普通決議 ...

Financial Performance - In the fiscal year 2024, the company reported total revenue of RMB 458.609 million, a decrease of 12.2% compared to RMB 522.442 million in 2023[10] - The gross profit for 2024 was RMB 45.937 million, down from RMB 93.365 million in 2023, indicating a significant decline in profitability[10] - The company recorded a pre-tax loss of RMB 252.629 million in 2024, compared to a loss of RMB 88.809 million in the previous year, reflecting increased operational challenges[10] - The company's total revenue for the fiscal year 2024 decreased by approximately 12.2% to about RMB 458.6 million, down from RMB 522.4 million in 2023[15] - The gross profit for the fiscal year 2024 decreased by approximately 50.8% to about RMB 45.9 million, with a gross margin dropping from approximately 17.9% in 2023 to about 10.0% in 2024[25] - The net loss for the year rose by approximately 178.0% from RMB 75.0 million in FY2023 to RMB 208.6 million in FY2024[37] - Other income decreased by approximately 36.9% to about RMB 15.9 million in fiscal year 2024, primarily due to a reduction in government subsidies[26] Assets and Liabilities - Total assets increased to RMB 2,564.529 million in 2024, up from RMB 2,097.535 million in 2023, showing growth in the company's asset base[11] - The total liabilities rose to RMB 1,571.621 million in 2024, compared to RMB 1,531.913 million in 2023, indicating a slight increase in financial obligations[11] - As of December 31, 2024, the current ratio remained stable at approximately 1.1, with net current assets increasing to RMB 134.8 million from RMB 56.1 million as of December 31, 2023[39] - The debt-to-asset ratio decreased to approximately 61.3% as of December 31, 2024, down from 73.0% as of December 31, 2023, due to an increase in equity attributable to owners[41] Operational Efficiency and Growth - The company reported a significant increase in operational efficiency, achieving a 15% reduction in production costs year-over-year[61] - User data indicates a 25% growth in active users, reaching a total of 1.5 million users in the last quarter[61] - The company projects a revenue growth of 20% for the upcoming fiscal year, driven by new product launches and market expansion strategies[61] - Investment in R&D has increased by 30%, focusing on innovative technologies in the hydrogen energy sector[61] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[61] - A strategic acquisition of a local competitor is expected to enhance the company's product offerings and customer base by 15%[61] - The company has introduced two new products, which are anticipated to contribute an additional $50 million in revenue over the next year[61] Research and Development - The company aims to enhance its competitive advantage in the core hydrogen energy equipment sector for green energy transportation and plans to focus on the research and development of hydrogen liquefaction and liquid hydrogen storage equipment[17] - The company plans to leverage its unique technology in liquid hydrogen to promote a comprehensive development model for the liquid hydrogen industry chain[9] - The company aims to gradually increase the revenue proportion from hydrogen liquefaction and liquid hydrogen storage equipment as well as water electrolysis hydrogen production equipment[17] Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[175] - The board of directors is composed of a balanced mix of executive and non-executive directors, ensuring strong independence and effective decision-making[178] - The company has adopted a corporate governance code and has complied with all applicable provisions since its listing date[175] - The supervisory board will continue to strengthen its supervisory functions and improve the corporate governance structure in 2025[172] - The board held ten meetings in the fiscal year 2024, with all directors attending 100% of the meetings[182] Market Expansion and Strategic Initiatives - The company has expanded its international footprint, establishing joint ventures in key strategic regions including Germany, the Netherlands, and Brazil, to build a global hydrogen energy ecosystem[6] - The company is actively expanding its overseas partnerships and business layout to promote green hydrogen projects in the coming year[17] - The company plans to implement a strategy to leverage existing business synergies to create a hydrogen energy industry development ecosystem[18] Financial Management and Expenses - Sales expenses rose by approximately 7.7% from RMB 43.5 million in FY2023 to RMB 46.9 million in FY2024, mainly due to an increase in share-based payment expenses included in sales expenses[29] - R&D expenses increased by approximately 12.0% from RMB 39.1 million in FY2023 to RMB 43.8 million in FY2024, attributed to higher depreciation of equipment and increased salaries for R&D personnel[30] - Administrative expenses surged by approximately 54.7% from RMB 90.9 million in FY2023 to RMB 140.6 million in FY2024, driven by increased share-based payment expenses, consulting fees, and higher employee compensation due to an increase in management personnel[32] - Listing expenses skyrocketed by approximately 711.8% from RMB 3.2 million in FY2023 to RMB 26.2 million in FY2024, primarily due to professional fees related to the IPO and H-shares listing[33] - Financial costs increased by approximately 43.6% from RMB 22.8 million in FY2023 to RMB 32.8 million in FY2024, mainly due to higher interest from increased loan amounts[35] Shareholder and Stakeholder Relations - The company is committed to creating shareholder value by improving its governance system and focusing on technology productization, industrial capitalization, and global market expansion[8] - The company has maintained strong relationships with stakeholders, including customers and suppliers, and conducts annual evaluations of suppliers[97][98] - The company has not had any directors in the past three years who served on any listed company boards[65][69][70][74] Risks and Challenges - The company faces significant risks including reliance on customer demand, market competition, and potential fluctuations in raw material prices[85] - The company reported a net loss for the fiscal years 2023 and 2024, indicating ongoing financial challenges[85] Listing and Capitalization - The company successfully listed its H-shares on the main board of the Hong Kong Stock Exchange on November 15, 2024, marking a significant milestone for international capitalization[13] - The net proceeds from the global offering amounted to approximately HKD 339.7 million (equivalent to about RMB 314.5 million)[89] - 56.1% of the net proceeds will be used to expand production capacity for certain products, with RMB 176.5 million allocated for this purpose[90] - 33.9% of the net proceeds, amounting to RMB 106.6 million, will enhance R&D capabilities and continue technology upgrades and product iterations[90]

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. 江蘇國富氫能技術裝備股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02582） 股東週年大會通告 茲通告 江 蘇 國 富 氫 能 技 術 裝 備 股 份 有 限 公 司（「本公司」）將 於2025年5月20日（星 期 二）上 午 十 時 正 假 座 中 國 江 蘇 省 張 家 港 市 國 泰 北 路236號辦公大樓2樓多媒體會議 室 舉 行 股 東 週 年 大 會（「股東週年大會」），以 考 慮 並 酌 情 通 過 下 列 決 議 案： 普通決議案 – 1 – 1. 審議及批准本公司截至2024年12月31日止年度的董事會（「董事會」）工作報告。 2. 審議及批准本公司截至2024年12月31日止年度的監事會工作報告。 3. 審議及批准本公司截至2024年12月31日止年度的財務決 ...