"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 月报订阅： 《中国氢能及燃料电池产业月度分析报告》 重要会议： 2025势银绿氢产业大会（8月27-28日，江苏·无锡） 点此报名 保时来BSL-W系列莫特-肖特基催化电极针对"风光电（绿电）波动性导致的电解槽阴极涂层遭受逆 向电流冲击"难点，进行了材料改性与工艺优化，不但适应风光波动性电源及耐电解槽的频繁启停 过程，还表现出出色的催化活性。 在技术创新方面，保时来取得了显著成果，累计申请专利40余项，其中发明专利20余项，实用新型 专利15项。此外，在标准制定方面，保时来牵头编写了国内首个制氢电极相关的团体标准： T/CAPID 010—2024 碱性水电解制氢编织网电极技术规范，并参与了首部绿氢电极测试相关国家标 准：GB/T45092-2024 电解水制氢用电极性能测试与评价。保时来还向势银透露，目前合同额已经 超过1亿元。 今年5月，保时来与上海氢器时代签署了战略合作协议。根据协议，保时来将为上海氢器时代提供 电解水制氢电极，保障其在制氢设备生产中的关键零部件供应。同月，与三一氢能正式签署战略合 作协议，为其开发适配其 ...

Group 1: Company Earnings - PCCW (00008.HK) reported a revenue of HKD 18.922 billion for the first half, a year-on-year increase of 7%, with a net loss of HKD 0.445 billion, narrowing by 4% [1] - Xinyi Solar (00968.HK) recorded a revenue of HKD 10.932 billion, a decrease of 6.5% year-on-year, with a net profit of HKD 0.746 billion, down 58.8% [2] - Xinyi Glass (00868.HK) had a revenue of HKD 9.821 billion, a year-on-year decrease of 9.7%, with a net profit of HKD 1.013 billion, down 59.6% [3] - Xinyi Energy (03868.HK) reported a revenue of HKD 1.21 billion, an increase of 7.7% year-on-year, with a net profit of HKD 0.45 billion, up 23.4% [4] - DTXS Silk Road Investment (02510.HK) issued a profit warning, expecting a mid-term net profit of approximately USD 180-200 million, a year-on-year increase of about 220% to 255% [5] - Lianhua Supermarket (00980.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 25-55 million [6] - Tibet Water Resources (01115.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 36 million, a year-on-year increase of about 300% [7] - Foton Motor (00420.HK) issued a profit warning, expecting a mid-term net profit of HKD 30.7 million, turning from loss to profit [8] - Hong Kong Travel (00308.HK) issued a profit warning, expecting a mid-term net loss exceeding HKD 70 million, turning from profit to loss [9] - Poly Property Group (00119.HK) issued a profit warning, expecting a mid-term net profit to decline by 40%-50% year-on-year [10] - Kefu Shan Group Holdings (08512.HK) issued a profit warning, expecting a mid-term net profit to decrease to approximately HKD 43-47 million [11] - Mobi Development (00947.HK) issued a profit warning, expecting a mid-term net loss of approximately HKD 32 million [12] - Changmao Biochemical Engineering (00954.HK) issued a profit warning, expecting a mid-term net loss of approximately HKD 24-27 million [13] - Yunyou Holdings (00484.HK) issued a profit warning, expecting a mid-term net loss to increase to approximately HKD 21 million [14] - Weiya Li (00854.HK) issued a profit warning, expecting a mid-term net profit of approximately HKD 15-25 million, turning from loss to profit [15] Group 2: Automotive Sales - BYD Company (01211.HK) reported sales of approximately 2.4903 million new energy vehicles in the first seven months, a year-on-year increase of 27.35% [16] - Great Wall Motors (02333.HK) reported total vehicle sales of approximately 674,200 units in the first seven months, a year-on-year increase of 3.57% [17] - Li Auto (02015.HK) delivered 30,731 new vehicles in July [18] - Geely Automobile (00175.HK) reported total vehicle sales of 237,700 units in July, a year-on-year increase of approximately 58% [19] Group 3: Company News - Sinopec Engineering (02386.HK) signed a front-end engineering design (FEED) contract for a large green hydrogen project in Yanbu, Saudi Arabia, with a contract value expected to reach several billion USD [20] - InnoCare Pharma (02577.HK) partnered with NVIDIA to jointly promote the large-scale implementation of 800 VDC power architecture in AI data centers [21] - Zijin Mining (02899.HK) received parliamentary approval for the mining lease of the Akyem gold mine in Ghana, with a total transaction value of USD 1 billion [22] - Codex-B (02487.HK) received approval from the Hong Kong Department of Health for the listing of CU-40102 (topical finasteride spray) for the treatment of androgenetic alopecia [23] - Mixue Group (02097.HK) subscribed to a wealth management product from Pudong Development Bank, involving an investment of HKD 300 million [24] Group 4: Buyback Activities - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of approximately HKD 22.5922 million, with repurchase prices ranging from HKD 112.4 to 114.3 [25] - Vitasoy International (00345.HK) repurchased 1.844 million shares at a cost of approximately HKD 16.89 million, with repurchase prices ranging from HKD 9.14 to 9.17 [26]

Core Viewpoint - The article highlights the successful launch of the Daan Wind-Solar Green Hydrogen Ammonia Integration Demonstration Project by State Power Investment Corporation, showcasing China's advancements in green hydrogen energy and its global leadership in this sector [4][6]. Group 1: Project Overview - The Daan project, located in Jilin, has a total installed capacity of 800,000 kW, consisting of 700,000 kW from wind power and 100,000 kW from solar power, along with 40 MW/80 MWh of energy storage and 60,000 standard cubic meters of hydrogen storage [4]. - The project is designed to integrate green electricity generation, green hydrogen production through water electrolysis, and green ammonia synthesis, with an annual production capacity of 32,000 tons of green hydrogen and 180,000 tons of green ammonia, resulting in a carbon reduction of approximately 650,000 tons per year [4]. Group 2: Technological Achievements - The project sets multiple global records, including the largest single green ammonia project with a capacity of 180,000 tons per year and the largest scale of alkaline and PEM mixed electrolysis for hydrogen production [4]. - The project features a proprietary "Electric-Hydrogen-Chemical" flexible control system that addresses the challenges of wind and solar variability, ensuring stable production [4]. Group 3: Key Equipment Suppliers - The project utilizes 39 sets of 1,000 Nm³/h alkaline electrolysis equipment supplied by Longi Hydrogen Energy, Sunshine Hydrogen Energy, Sany Hydrogen Energy, and Pairui Hydrogen Energy [8]. - Guohydrogen Technology provided the PEM hydrogen production equipment, successfully completing the installation and commissioning, marking a significant achievement in domestic industrial-grade PEM hydrogen production [9][11]. - In terms of hydrogen production power supply, 12 sets of IGBT hydrogen power supplies were successfully commissioned, with Sunshine Hydrogen Energy being the sole supplier for both the IGBT power supply and alkaline electrolysis systems [12][13]. Group 4: Hydrogen Storage Solutions - The project features the first large-scale application of titanium-based solid-state hydrogen storage technology in China, with a delivery of a 48,000 standard cubic meter solid-state hydrogen storage module [16]. - This technology offers several advantages over traditional high-pressure gas storage, including enhanced safety, higher hydrogen density, longer cycle life, and high purity suitable for ammonia synthesis [16].

"宁波膜智信息科技有限公司"为势银（TrendBank）唯一工商注册实体及收款账户 月报订阅： 《中国氢能及燃料电池产业月度分析报告》 势银研究： 势银产业研究服务 势银数据： 势银数据产品服务 势银咨询： 势银咨询顾问服务 重要会议： 2025势银绿氢产业大会（8月27-28日，江苏·无锡） 点此报名 添加文末微信，加 绿氢 群 2025上半年，国内电解水制氢设备供需市场呈现以下四大特点： 1-6月，国内电解水制氢设备招标规模达2467.93MW，中标量已超去年全年水平，制氢设备 需求释放提速。 除公开招采、邀标/议标形式外，H1直接签约类订单频繁发布，但部分未明确披露交付规模 及时间。 制氢设备市场竞争格局激烈变化，上半年市场集中度有所增长。 上半年订单中，电解水制氢设备使用场景以氢氨醇一体化项目为主，占比约67%。 01 我国绿氢年产能达11.52万吨，上半年多个"标杆"项目投产有望提供可复制模式 势银（TrendBnak）绿氢数据库显示， 截至2025年6月底，我国绿氢项目数量合计865个，公开披露 绿氢潜在产能达1106.16万吨/年，其中建成产能为11.52万吨/年。 上半年，国内绿氢项目进程明显 ...

Core Viewpoint - The article discusses the upcoming standards in the hydrogen energy and fuel cell industry, focusing on the establishment of 14 new standards and one revision related to hydrogen production, storage, and fuel cell applications, with completion expected by 2027 [3][6]. Group 1: Hydrogen Production and Engineering - The "Guidelines for Planning and Design of Green Hydrogen and Ammonia Systems" aim to integrate green hydrogen with ammonia and alcohol synthesis, expanding its application in the chemical industry [6]. - Standards covering the entire lifecycle of hydrogen production projects include regulations for design estimation, post-evaluation, completion documentation, and carbon footprint accounting [6][7]. Group 2: Hydrogen Storage and Safety - Standards such as "Sealing Technology Specifications for Hydrogen Pressure Equipment" and "Safety Regulations for Hydrogen Transmission Pipelines" outline requirements for sealing, materials, and testing for hydrogen storage equipment and pipelines [7][8]. Group 3: Fuel Cell Core Technologies - Plans include the development of five standards related to Solid Oxide Fuel Cells (SOFC), covering performance testing, system safety, module design, and reversible systems, which will facilitate the commercialization of SOFC in distributed generation and energy storage [9]. - One standard for Proton Exchange Membrane Fuel Cells (PEMFC) will focus on testing battery materials, optimizing performance through assessments of gas diffusion layer porosity and permeability [9].

Core Viewpoint - The article highlights the successful launch of the Daan Wind-Solar Integrated Green Hydrogen and Ammonia Synthesis Demonstration Project by State Power Investment Corporation in Jilin, emphasizing the importance of renewable energy sources in hydrogen production [2][4]. Group 1: Project Overview - The Daan project utilizes renewable energy from a new type of grid, which presents challenges due to lower power generation stability, necessitating advanced hydrogen production technology [4]. - The project has successfully deployed 12 IGBT hydrogen production power supplies from Yingbo New Energy, ensuring reliable power for PEM electrolysis [2]. Group 2: Technology and Innovation - The hydrogen production power supply designed by Yingbo New Energy employs a two-stage topology using full IGBT technology, which allows for precise control of output voltage and current to the electrolysis process [4][5]. - The system converts AC power from renewable energy grids into the DC power required by electrolysis, enhancing grid reliability and reducing pollution [5].

Core Viewpoint - The forum focused on the development of the renewable energy hydrogen production industry, discussing technological innovations and market trends in hydrogen production systems and key components, aiming to promote high-quality development in the sector [3][68]. Group 1: Forum Overview - The "2025 Renewable Energy Hydrogen Production Industry Development Forum" was held in Suzhou, Jiangsu, organized by DT New Energy and the Shanghai Hydrogen Science and Technology Research Association, featuring nearly 200 industry experts and representatives [1][3]. - The forum included 20 specialized reports addressing various topics such as ALK/PEM/AEM hydrogen production technologies, innovation in key components, and new trends in green hydrogen project applications [3]. Group 2: Key Technological Insights - Yang Fuyuan from Tsinghua University discussed the high cost issues of PEM electrolysis and proposed key technological paths for achieving low-cost, high-performance PEM electrolysis, emphasizing high current density and durability [6][7]. - Yu Ende from Shenzhen Tsinghua University introduced seawater electrolysis technology, highlighting its wide water quality tolerance and addressing challenges such as chlorine ion reactions and electrode corrosion [9][10]. - Wang Xiaoyu analyzed the hydrogen-ammonia-alcohol project, identifying challenges and opportunities in technology bottlenecks, biomass storage, and green certification [11][12]. Group 3: Innovations in Electrolysis Technology - Zhang Bo from Fudan University emphasized the importance of low iridium/non-iridium catalyst material innovations and efficient manufacturing processes to reduce costs and improve reliability in PEM electrolysis systems [22][24]. - Li Haipeng from China Shipbuilding (Handan) discussed the need for safety and maintenance systems in large-scale renewable energy hydrogen production, focusing on alkaline electrolysis technology [30]. - Xu Xiaochuan from Evonik highlighted advancements in anion exchange membrane technology, which is crucial for the stability and efficiency of AEM electrolysis systems [41][46]. Group 4: Industry Challenges and Future Directions - The industry faces dual challenges of cost and safety, necessitating effective risk management measures to ensure safe operations in hydrogen-related scenarios [31]. - Li Yangyang discussed the challenges in the commercialization of composite membranes and electrodes, emphasizing the need for continuous innovation in material systems and processes [35][36]. - The forum concluded with a call for ongoing professional courses and demand matching services to foster technical exchanges and industry development in the renewable energy hydrogen sector [69][70].

Core Viewpoint - The delivery of 13 sets of self-developed 1000Nm³/h electrolyzers by CRRC Zhuzhou Institute marks a significant breakthrough in the domestic green hydrogen equipment sector, enhancing the scale and autonomy of hydrogen production in China [1][7]. Group 1: Technology and Safety Features - The electrolyzers utilize flexible hydrogen production technology and a multi-level safety defense system, featuring small chamber inspections and intelligent control modules to support flexible project regulation [3]. - A unique "intrinsic safety + triple sealing + online monitoring" protection system ensures leak prevention throughout the product's lifecycle [5]. - The system allows for a wide adjustment range of 30%-110%, with stable operation at 30% low load and a power adjustment rate of 8%/s [5][6]. Group 2: Efficiency and Intelligence - The direct current energy consumption is as low as 4.2-4.4 kWh/Nm³, with a temperature difference of ≤12°C and a voltage difference of ≤±3% [6]. - The electrolyzers feature automated operations with "one-click start-stop" and "one-click replacement" functionalities, enhancing operational intelligence [6]. Group 3: Environmental Impact and Future Plans - The Guohua Cangzhou "Green Port Hydrogen City" project aims to produce 100,000 tons of green ammonia annually, reducing carbon emissions by over 400,000 tons [7]. - The company emphasizes ongoing technological innovation to lower green hydrogen costs and promote large-scale applications, focusing on optimizing electrolyzer and power system integration [7]. - Future developments include the establishment of unmanned factories and intelligent diagnostic technologies to improve efficiency and safety [7][9].

中国化学工程股份有限公司 关于经营情况简报的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 现将公司 2025 年 1—6 月主要经营情况公布如下，供各位投 资者参阅。 一、 按业务类型统计 证券代码：601117 股票简称：中国化学 公告编号：临 2025-036 | 业务类型 | | 数量 | 合同金额 | | --- | --- | --- | --- | | 建筑工程承包 | | 1410 | 1986.35 | | 其 | 化学工程 | 1189 | 1600.20 | | 中 | 基础设施 | 205 | 356.72 | | 环境治理 | | 16 | 29.43 | | 勘察设计监理咨询 | | 836 | 15.94 | | 实业及新材料销售 | | | 54.89 | | 现代服务业 | | | 3.21 | | 其他 | | | 0.53 | | 合计 | | 2246 | 2060.92 | 单位：亿元 币种：人民币 1 二、 按地区分布统计 单位：亿元 币种：人民币 | 地区 | 合同金额 | ...

Core Viewpoint - The development of DMTO technology is pivotal for the coal-to-olefins industry in China, significantly reducing carbon emissions and enhancing resource utilization efficiency [6][8]. Group 1: DMTO Technology and Its Impact - DMTO technology has been under research since the 1980s, with the first industrial application successfully launched in 2010, producing 1.8 million tons annually [6]. - The technology has evolved to its third generation, with a single unit capable of processing 3.6 million tons of methanol per year, and contracts for 36 units have been signed, totaling over 24 million tons of olefins per year [6]. - DMTO technology is crucial for alleviating oil supply shortages and ensuring energy security, with a significant reduction in CO2 emissions compared to traditional coal utilization methods [6][8]. Group 2: Market Trends and Future Prospects - The shift towards "chemical new materials" in the petrochemical industry is accelerating, driven by the dual carbon goals and increasing renewable energy capacity [8][9]. - The demand for high-end chemical products and new materials is expected to grow, despite a projected decline in refined oil demand by 2050 [8]. - DMTO technology, utilizing coal as a stable and cost-effective raw material, is positioned to meet the increasing demand for olefins and chemical products [8][9]. Group 3: Challenges in Energy Transition - The complexity of China's energy and industrial systems poses challenges for scientific decision-making and the identification of effective technological pathways for energy transition [12]. - The integration of artificial intelligence in research and production processes is still in the exploratory phase, with significant potential to enhance efficiency and innovation in the chemical industry [12][23]. Group 4: Strategic Recommendations - To achieve a successful energy transition, a systematic approach combining original breakthroughs and technological integration is essential, particularly in hydrogen energy and carbon capture, utilization, and storage (CCUS) [15]. - The collaboration between traditional coal chemical processes and renewable energy sources is vital for achieving low-carbon and zero-carbon production methods [16][17]. Group 5: Innovation and Research Development - The relationship between basic research and industrial application can create a virtuous cycle, as demonstrated by the development of DMTO technology over the past decades [21][22]. - The rapid advancement of artificial intelligence presents new opportunities for the chemical industry, enabling a shift from laboratory experiments to industrial applications [23].