Core Viewpoint - The promotion of fuel cell vehicles during the "14th Five-Year Plan" period has not met expectations, with significant gaps remaining to achieve set targets. The fuel cell industry is generally facing challenges such as sluggish growth, poor profitability, and accumulation of accounts receivable [1] Industry Summary - The fuel cell industry is experiencing a lack of growth and profitability issues, along with a backlog of accounts receivable [1] - Despite short-term pressures, the hydrogen energy strategy in China remains clear, with anticipation for new supportive policies and the continuous expansion of application scenarios [1] - The fuel cell industry is expected to gradually overcome short-term difficulties and has considerable growth potential in the long term [1]

格隆汇8月13日丨亿华通(02402.HK)公布，集团预计截至2025年6月30日止六个月集团营业收入将较截至 2024年6月30日止六个月营业收入约人民币15,384.35万元减少约53%。该变动主要由于(1)由于市场需求 整体下降，导致燃料电池行业规模同比减少；及(2)鉴于当前流动资金状况，公司采取谨慎的扩张营销 战略，保障资金安全的同时，导致报告期间产品销售量减少。 ...