北交所行业主题报告：氢能源新质生产力代表，北交所和新三板氢全产业链覆盖

Group 1 - The hydrogen energy industry in China is rapidly developing, supported by continuous policy initiatives, with 34 policies released in September 2024 and 33 in October 2024 [2][18] - The new capacity for water electrolysis hydrogen production in 2023 reached approximately 37,000 tons/year, a year-on-year increase of about 181%, with a total capacity of around 72,000 tons/year by the end of 2023 [2][24] - The demand for hydrogen electrolysis cells in China was approximately 1.42 GW in 2023, representing a year-on-year growth of about 128% [2][24] Group 2 - There are currently 11 hydrogen-related companies listed on the Beijing Stock Exchange, with a total market capitalization of 27.435 billion yuan as of December 9, 2024 [3][12] - The companies cover the entire hydrogen industry chain, including hydrogen production, storage, transportation, and fuel cell applications [3][11] - Notable companies include Silane Technology and Qilu Huaxin in hydrogen production, Jilin Carbon Valley and New Weiling in hydrogen storage, and Ningxin New Materials and Dongfang Carbon in fuel cell applications [3][12] Group 3 - Representative companies in the New Third Board focus on hydrogen compressors and hydrogen production, such as Fengdian Technology and Zhongrong Technology [4][12] - Fengdian Technology's subsidiary has participated in significant hydrogen energy projects, including the first commercial hydrogen project in the Netherlands during the 2022 Beijing Winter Olympics [4][12] - Zhongrong Technology has an annual production capacity of 7,200 tons of hydrogen for fuel cells and has launched a project for producing fuel hydrogen from coking tail gas [4][12]