SINOHYTEC(SH:688339) 势银能链·2025-12-12 04:04Core Viewpoint - Beijing Yihuatong Technology Co., Ltd. has established a wholly-owned subsidiary, Beijing Yihuatong Energy Storage Technology Co., Ltd., with a registered capital of 30 million RMB, marking its entry into the trillion-level energy storage market, which signifies a key step in the integration of hydrogen energy and energy storage [3][4]. Group 1: Company Developments - The establishment of the energy storage subsidiary is a strategic extension of Yihuatong's business, reflecting its commitment to technological innovation and a vertically integrated system covering fuel cells, electrolysis equipment, and hydrogen production [4][6]. - Yihuatong has accumulated practical experience through major projects in regions like Hebei, Guangxi, and Xinjiang, which will support the new company's operations [5][6]. Group 2: Market and Policy Context - The Chinese government has officially included hydrogen energy in its energy system, providing legal support for hydrogen storage applications, which aligns with the national goals of carbon neutrality [6][7]. - The hydrogen storage market in China is projected to exceed 500 billion RMB by 2030 and potentially reach a trillion-level market by 2035, indicating significant growth opportunities in this sector [6][7]. Group 3: Industry Implications - The establishment of the energy storage technology company positions Yihuatong as a leader in the integration of hydrogen energy and energy storage, setting a benchmark for the industry [7]. - The fusion of hydrogen and energy storage technologies is expected to contribute to achieving national carbon peak and carbon neutrality goals, highlighting the strategic importance of this sector [7].