Core Viewpoint - The company has successfully delivered a total of 424 sets of onboard high-pressure hydrogen supply systems for fuel cell buses in Guangzhou, China, marking a significant milestone in the country's largest hydrogen bus project [1] Group 1: Company Developments - The delivered hydrogen supply systems are independently developed and manufactured by the company, featuring high safety, strong reliability, and excellent environmental adaptability [1] - This delivery enhances the company's market position in the hydrogen transportation industry and boosts its brand recognition and competitiveness in this sector [1] Group 2: Industry Context - The project is part of a green low-carbon public transportation demonstration initiative in Guangzhou, which is a member of the national hydrogen energy demonstration city cluster [1] - The successful delivery establishes reliable business connections and cooperation models between the company, leading enterprises in Guangdong Province, and government agencies, aligning with the company's long-term strategy for hydrogen energy deployment in the Pearl River Delta region [1] - The successful delivery is expected to have a positive impact on the company's operational and financial performance, as indicated by the upcoming audited financial statements [1]

Group 1 - Shudao Equipment announced the establishment of Shudao Toyota Hydrogen Energy Technology (Sichuan) Co., Ltd. with a registered capital of 236 million yuan, where Toyota holds 50%, Shudao Equipment holds 45%, and Shudao Group holds 5% [1] - This marks Toyota's significant move in the Chinese hydrogen energy market following its partnership with Yihuatong to establish Huafeng Fuel Cell Company [1] - The fuel cell production line project has completed site selection and overall design in Qingbaijiang District, with construction progressing smoothly, expected to be operational by Q4 2025 [1] Group 2 - The Sichuan government has released a long-term development plan for the hydrogen industry, aiming to promote over 4,000 hydrogen fuel cell vehicles by 2027 [1] - The construction of the Chengyu Hydrogen Corridor provides ample application scenarios for hydrogen fuel cell heavy trucks, which are particularly suitable for drones and other weight-sensitive aircraft due to their high energy density and long range [1] - The new company will leverage the Toyota Production System (TPS) to create a localized production system and deepen cooperation in the production, sales, and commercialization of hydrogen fuel cells [2]