Core Viewpoint - The article discusses the advancements and strategic positioning of Baotou Zhongke Xuanda New Energy Technology Co., Ltd. in the solid-state hydrogen storage materials sector, highlighting its technological innovations, production capacity, and market expansion efforts in both domestic and international markets [3][5][15]. Technological Development - Zhongke Xuanda was established in 2017, focusing on the research and industrialization of rare earth magnesium-nickel battery materials and solid-state hydrogen alloy materials, aiming to commercialize hydrogen energy technologies that were previously only in the research phase in China [7]. - The company successfully built a pilot production line with a capacity of 200-300 tons, overcoming challenges in material formulation, process design, and production equipment over nearly two years [7]. - The firm has optimized existing hydrogen storage materials to enhance performance in terms of cycle life, kinetics/thermodynamics, and reaction temperature, indirectly achieving cost reduction and efficiency improvement [7]. Production Capacity - 2024 is identified as a pivotal year for Zhongke Xuanda's production capacity, with the completion of a major solid-state hydrogen production base in Anqing, achieving an annual capacity of 3,000 tons [8]. - The company operates a dual-base strategy with the Baotou base focusing on rare earth magnesium-nickel battery materials and the Anqing base specializing in solid-state hydrogen materials, covering various product categories to meet diverse market needs [8][11]. Market Application - Zhongke Xuanda's hydrogen storage materials are designed for specific applications, ensuring a precise match between material types and usage scenarios, including emergency power supply systems and high-performance charging stations [12]. - The company has established multiple practical cases, including collaborations with leading forklift manufacturers and projects for emergency power supply in high-altitude areas [12]. Market Expansion - The company is actively expanding its international presence, having established partnerships with clients in the USA, France, Germany, and Bulgaria, focusing on high-value solid-state hydrogen materials for export [15]. - Zhongke Xuanda's future development strategy includes continuous product iteration, targeting solid-state hydrogen applications in large-scale renewable energy storage, and developing customized solutions for industry challenges [15].

Core Viewpoint - The article discusses the upcoming 2025 Trend Bank Hydrogen Energy and Fuel Cell Industry Annual Conference, highlighting its focus on key industry topics and the participation of leading companies in the hydrogen sector [2][6]. Group 1: Conference Details - The conference is scheduled for January 6-8, 2026, at the Ningbo Nanyuan Wanghai Hotel, aiming to gather over 500 participants [6]. - The event will feature various specialized sessions and the "Trend Bank Future Award" ceremony, providing opportunities for networking and knowledge sharing [2][6]. - Ticket prices start at RMB 2500, with early bird discounts available for registrations before December 10 [7]. Group 2: Company Highlight - Baoshilai New Materials Technology (Suzhou) Co., Ltd. is the main sponsor of the conference and will deliver a keynote speech [4]. - The company is recognized as a leading supplier of green hydrogen electrode products in China, with eight advanced production lines capable of meeting a demand of 3GW/year for electrolyzer electrodes [4][5]. - Baoshilai has developed several series of electrodes, including BSL-1.0 and BSL-5.0, which address industry challenges such as catalyst coating detachment and load fluctuation [5].

（文章来源：第一财经） 国金证券研报表示，绿醇：国内外氢能政策共振打开需求，率先投产、能保障销售渠道的绿醇生产商具 备竞争力；制氢设备：行业已经实现大幅出清，竞争格局的优化将带来更集中的机会，重点推荐已具备 项目经验的设备企业；燃料电池车：随着燃料电池系统成本的下降、氢车高速过路费的免除等，行业进 入爆发前夜。竞争格局已缩圈，相关燃料电池头部企业均上市，为磨底时间最长、预期差最大的板块， 业绩和估值有望迎来共振；固体氧化物燃料电池：Bloom Energy及其核心供应链、海外及国内系统商。 ...

本报记者 李万晨曦 12月13日，在"2025-2026中国经济年会"上，中央财办分管日常工作的副主任、中央农办主任韩文秀表示，明年是从能耗双 控全面转向碳排放双控的第一年，要积极稳妥推进碳达峰，深入推进重点行业节能降碳改造，加强全国碳排放权交易市场建 设，培育氢能、绿色燃料等新的增长点，建设一批零碳园区、零碳工厂。 国际智能运载科技协会秘书长、黄河科技学院客座教授张翔在接受《证券日报》记者采访时表示，在能源需求攀升的背景 下，氢能是保障能源安全、推进绿碳转型的关键路径，正在迎来政策与技术双重利好，当前产业已从试点探索迈入有序破局新 阶段，产业链A股上市公司正凭借技术积累与战略布局，加速抢占发展先机。 双轮驱动产业发展 地方层面，今年以来，北京、河北、黑龙江等地均发布相关政策，支持氢能产业发展。例如，北京11月26日发布的《中共 北京市委关于制定北京市国民经济和社会发展第十五个五年规划的建议》提到，"积极发展氢能等清洁能源，扩大绿电进京规 模，提高终端用能电气化和能源消费绿色化低碳化水平"。 12月4日，国家能源局发布公告，公布能源领域氢能试点（第一批）名单，共包含9个区域试点与41个项目试点，覆盖规模 化制 ...

Group 1 - The establishment of Dongfang Electric Petrochemical Hydrogen Energy (Zigong) Co., Ltd. has been announced, with a registered capital of 87.8 million yuan [1] - The company's business scope includes gas operation, food sales, solar power technology services, new energy technology research and development, and the sale of hydrogen refueling and storage facilities [1] - The shareholders of the company include Dongfang Electric Group Dongfang Boiler Co., Ltd., Sinopec Sales Co., Ltd., and Zigong Anhydrous Port Investment Development Co., Ltd. [1]

低碳技术实力彰显 旭阳集团(01907)氢能业务在继连续多日实现氢气单日产销量突破9万标方之后，2025年11月份月度氢气 产销量突破285万标方，刷新历史纪录再创新高，进一步夯实了旭阳在全国特别是京津翼地区氢能市场 的领先地位。 清洁氢能最高标准 旭阳氢能凭借自主创新的生产工艺和全流程碳管理体系，实现了氢气全生命周期碳足迹的大幅降低。制 氢工艺结合天然固碳的除硫效用，采用先进的分离提氢技术，产出氢气的纯度达99.999%，并以管道直 接输送至加氢站和以长管拖车进行对外运输，构建了行业领先的低碳制氢及储运模式。 旭阳集团旗下旭阳氢能继2023年3月17日首次通过国家氢能及燃料电池汽车示范评价平台《低碳氢、清 洁氢及可再生氢标准及评价》认证后，于2024年3月19日、2025年2月6日再次获得该认证，成为国内首 批连续三年获此认证的高纯氢供应商。认证数据显示，旭阳氢能产品全生产周期综合碳排放仅为0.49 kg CO e/kg H ，较国家清洁氢认证标准值5 kg CO e/kg H 低90%，在行业内处于领先水平；同时该认证标准 与欧盟CBAM(碳边境调节机制)要求兼容，旭阳氢能0.49 kg CO e/kg ...

Core Viewpoint - Xuyang Group has achieved significant milestones in its hydrogen energy business, including record-breaking hydrogen production and sales, establishing its leading position in the hydrogen market, particularly in the Beijing-Tianjin-Hebei region [1] Group 1: Hydrogen Production and Sales - Xuyang Group's hydrogen production and sales exceeded 285 million standard cubic meters in November 2025, setting a new historical record [1] - The company has consistently achieved daily hydrogen sales surpassing 90,000 standard cubic meters for several consecutive days [1] Group 2: Certification and Standards - Xuyang Hydrogen Energy has been certified as a high-purity hydrogen supplier for three consecutive years by the National Hydrogen Energy and Fuel Cell Vehicle Demonstration Evaluation Platform, with a carbon emission of only 0.49 kg CO₂e/kg H₂, which is 90% lower than the national clean hydrogen certification standard [2] - The certification aligns with the EU's Carbon Border Adjustment Mechanism (CBAM), indicating that Xuyang's hydrogen products meet the highest global standards for carbon emissions [2] Group 3: Low-Carbon Technology - The company has developed advanced hydrogen production processes and a comprehensive carbon management system, achieving a hydrogen purity of 99.999% [3] - Xuyang has participated in drafting national hydrogen energy standards and has developed key technologies, laying a solid technical foundation for becoming a clean low-carbon energy supplier [3] Group 4: Industrial Applications - Xuyang Group, as the world's largest independent coke producer, has a hydrogen resource capacity of 5.3 billion cubic meters per year and has established four high-purity hydrogen production bases [4] - The company has become the second-largest high-purity hydrogen supplier in China and the largest in the Beijing-Tianjin-Hebei region, contributing to a reduction of 58,000 tons of carbon dioxide emissions annually [4] Group 5: Future Development - Xuyang Group aims to leverage its hydrogen energy supply chain advantages to build a diversified hydrogen energy ecosystem, focusing on increasing high-purity hydrogen production capacity and expanding its network [5] - The company is working on projects such as the long-distance hydrogen pipeline and hydrogen blending in natural gas pipelines to enhance hydrogen supply capabilities [5] Group 6: Integrated Hydrogen Applications - Xuyang is constructing China's first integrated liquid hydrogen "production-storage-transportation-application" demonstration project, which will expand the hydrogen supply radius and promote liquid hydrogen in various sectors [6] - The company plans to enter green hydrogen and related fields to optimize and upgrade the energy structure [6] Group 7: Competitive Advantage - Xuyang Group is committed to creating a unique business model and service model in the hydrogen energy sector, aiming to establish a differentiated competitive advantage and contribute to the global green energy revolution [7]

Investment Rating - The report maintains an "Outperform" rating for the industry [7] Core Views - The report highlights the ongoing trends in various sectors, including lithium batteries, photovoltaic, wind energy, nuclear fusion, energy storage, electric power equipment, industrial control, and hydrogen energy [2][4][5][6][34][41][46][59][66] Summary by Sections Lithium Battery Sector - The State Administration for Market Regulation is proposing to standardize pricing behaviors in the automotive industry, with major battery cell companies announcing price increases due to rising raw material costs [10][11] - Companies like CATL and others with cost advantages are expected to widen their competitive gap [12] Photovoltaic Sector - A new "silicon material storage platform" has been established to stabilize silicon prices above 60,000 yuan/ton and facilitate the exit of outdated production capacity [18] - The central economic work conference emphasizes the need to address "involution" in competition, marking a shift towards government-led market consolidation [18] Wind Energy Sector - The central economic work conference stresses the importance of the "dual carbon" strategy and promotes a comprehensive green transition [34] - A project to develop a 25MW offshore wind turbine has been initiated, focusing on technological advancements for deep-sea wind energy [35] Nuclear Fusion Sector - The Tokamak fusion smart digital power station project has been launched, marking a significant step towards commercializing fusion energy in China [41] - The project aims to create a digital twin model for fusion reactors, enhancing the integration of technology and capital [42] Energy Storage Sector - The AIDC energy storage market is projected to experience explosive growth, with lithium battery shipments expected to reach 300GWh by 2030 [46] - Leading companies are accelerating their layouts in the AIDC sector, with significant collaborations underway [47][48] Electric Power Equipment Sector - NVIDIA is set to hold a closed-door summit to address power shortages in the AI era, indicating a proactive approach to energy solutions [59] - The Zhejiang power "big ring" project is expected to be completed by 2029, which will be the first provincial ultra-high voltage AC ring network in the country [60] Industrial Control and Robotics Sector - Chery's Mocha robot is set to deliver its 1,000th unit by 2025, indicating growth in the robotics market [66] - SoftBank is reportedly negotiating a significant investment in Skild AI, highlighting the increasing interest in AI-driven robotics [68]

Group 1 - The establishment of Dongfang Electric Petrochemical Hydrogen Energy (Zigong) Co., Ltd. has been officially registered with a capital of 87.8 million RMB [1] - The legal representative of the new company is Zhang Zhang, indicating a structured leadership [1] - The company's business scope includes gas operation, food sales, solar power technology services, emerging energy technology research and development, and sales of hydrogen refueling and storage facilities [1] Group 2 - The shareholders of the company include Dongfang Electric Group Dongfang Boiler Co., Ltd., Sinopec Sales Co., Ltd., and Zigong Waterless Port Investment Development Co., Ltd., reflecting a collaboration among major industry players [1]

2025年12月10日，由电子科技大学大湾区校友创投俱乐部、兴业证券深圳分公司、招商银行佛山分行等 单位联合主办的"新技术、新产品、新场景"电子科技大学校友企业2025专场路演暨星闪汇项目推介会第 六期在深圳市宝安区海纳百川大厦隆重举行。 本次活动分为上午场与下午场，通过"线上筛选+线下路演"模式，从39家报名企业中精选14家优质校友 企业登台亮相，涵盖人工智能、集成电路、航空航天、氢能能源、宠物科技等多个前沿领域，集中展现 了成电校友以科技创新驱动产业升级的强劲动能，成功吸引了近百家家投资机构与产业代表参与。 1.成都市特瑞思科技有限公司 创始人叶雷（98级），公司专注于用AI重塑芯片设计全链路，打造革命性的IC设计生产力工具、IP和高 性能、低功耗的端侧生成式AI芯片平台，实现质效跃迁，IP及芯片产品覆盖具身、眼镜、手机、PC、 平板、车载、可穿戴设备及其他智能化设备等应用场景，为客户提供完整的芯片+软件全栈解决方案。 公司核心团队来自国内外顶级芯片和AI公司，团队成员拥有超过20年的芯片从业经验，模型"人类最后 测试"（Humanity's Last Exam，HLE）基准测试全球排名领先，具备全球技术 ...