从全国首台10吨级氢液化装备等重大装备突破出发，公司在深冷换热、冷箱系统工程、可靠性设计与交 付体系上已经形成了可迁移的底层能力。成功中标项目显示公司的低温工程技术能力已从氢能领域进一 步拓展至低温核聚变的关键元件与系统整合，不仅为集团开拓新的收入增长点，更释放氢能与核聚变这 两项未来能源技术间的协同效应。 格隆汇2月23日丨国富氢能(02582.HK)公告，董事会欣然宣布，于2026年2月13日，公司成功中标中国科 学院合肥物质科学研究院等离子体物理研究所80K冷箱采购项目，中标金额为人民币3.2百万元。项目聚 焦于国家级核聚变研究平台的关键低温系统，为设施的稳定运行提供重要工程支持，与中国第十五个五 年规划一致。 ...

智通财经APP讯，国富氢能(02582)发布公告，于2026年2月13日，本公司成功中标中国科学院合肥物质 科学研究院等离子体物理研究所80K冷箱采购项目，中标金额为人民币320万元。项目聚焦于国家级核 聚变研究平台的关键低温系统，为设施的稳定运行提供重要工程支持，与中国第十五个五年规划一致。 从全国首台10吨级氢液化装备等重大装备突破出发，本公司在深冷换热、冷箱系统工程、可靠性设计与 交付体系上已经形成了可迁移的底层能力。成功中标项目显示本公司的低温工程技术能力已从氢能领域 进一步拓展至低温核聚变的关键元件与系统整合，不仅为本集团开拓新的收入增长点，更释放氢能与核 聚变这两项未来能源技术之间的协同效应。 ...

各大券商分析师春节"连轴转" 每经记者｜王海慜 每经编辑｜何小桃 赵云 宋思艰 2026年马年春节假期，虽然A股休市，但资本市场却热度不减。 各大券商的分析师们开启"加班模式"，以高频路演、专题研报填补假期信息真空。从兴业证券策略团队的连续七天新春专题路演，到中信证券聚焦AI大模 型的系列电话会，再到多家机构跟踪春节消费动态，头部与中小券商均紧抓假期窗口输出市场观点。 《每日经济新闻》记者注意到，今年春节加班路演已经成为各券商研究所的常态，无论是中小券商还是头部券商都在假期中继续"营业"，"加更"观点。 港股马年开市两天呈现结构性行情，2月20日开市首日AI大模型、机器人板块逆势大涨，创新药、氢能概念股表现亮眼。2月20日和23日，恒生科技指数 走势先抑后扬，迎来马年"开门红"。 同时业内预计，美国此次关税裁定落地利好非美市场资产，叠加A股春节效应的历史正向表现，市场对马年节后"红包行情"的延续抱有较高期待。 截图来源：网络 最近，兴业证券策略首席张启尧的春节路演计划表在圈内刷屏：从大年初一至初七，他和团队同事一起每天15:00准时与投资者连线。 这场名为"新春专题系列"的直播，内容涵盖港股情绪研究框架、20 ...

Core Viewpoint - The traditional perception of the liquor industry and the new energy sector as distant is changing, with major liquor companies increasingly venturing into new energy initiatives to seek growth opportunities amid declining liquor sales [4][10]. Group 1: Industry Trends - Major liquor companies like Moutai and Wuliangye are investing heavily in new energy, with Moutai establishing a 10 billion yuan new energy fund and Wuliangye focusing on solar, energy storage, and hydrogen energy [4][6]. - The liquor industry is facing significant challenges, with national liquor production expected to decline for the eighth consecutive year, showing an 11.5% drop in the first ten months of the year [6][10]. - Internal pressures from new regulations and external pressures from carbon reduction strategies are pushing liquor companies to explore new growth avenues [7][10]. Group 2: Strategic Initiatives - Wuliangye is actively participating in the regional industrial transformation of Yibin, which is transitioning from a liquor hub to a new energy hub, with over 110 new energy projects attracting investments exceeding 270 billion yuan [7][8]. - Companies are taking steps to address their energy consumption issues by building green factories and utilizing renewable energy sources, such as Wuliangye's commitment to using 100% green electricity by 2025 [8][9]. - Leading liquor companies are beginning to define industry standards by creating comprehensive "zero-carbon solutions" and influencing their supply chains to adopt sustainable practices [9]. Group 3: Challenges and Market Dynamics - The transition from liquor to new energy is fraught with challenges due to the fundamental differences between the two industries, with liquor relying on brand culture and consumer demand, while new energy is driven by technology and capital [10][11]. - There are concerns regarding the motivations behind liquor companies' investments in new energy, with skepticism about whether these moves are genuine or merely opportunistic [10][11]. - The new energy sector is becoming increasingly competitive, with profit margins tightening, making it difficult for liquor companies to replicate their traditional high-profit models in this new landscape [11][12].

按照产业引领、专班分工、区域联动、精准落地原则，《意见》细化北京、上海、深圳三大驻点专班任 务，实现重点区域与重点产业精准匹配。储能产业依托锂电基础，紧盯固态电池、系统集成、核心装备 等环节；高性能材料立足铝、铜、镁、钛、碳纤维优势，延链发展精深加工与高端复合材料；生物经济 聚焦高原特色资源，打造生物提取、生物医药、医疗器械等；电子信息围绕硅基半导体、新型显示强链 补链；绿色算力以"京数青算"为抓手，对接智算中心、超算中心全链条项目。同时，主动布局低空经 济、氢能、具身智能、光热配套等新赛道，培育新质生产力。 本报西宁讯 （记者 张慧慧） 为主动适应招商引资新形势新挑战，2月9日，西宁（国家级）经济技术开 发区印发《关于进一步加强区域招商专班工作的意见》，以系统化部署、清单化推进、闭环式管理，推 动驻点招商持续发力。 《意见》明确"稳住晶硅、拓展储能、深化有色、壮大生物、算电协同、培育新质"的产业思路，围绕新 能源、新材料、绿色算力、生物经济四大核心赛道，精准招引锻长板、补短板、填空白、强投资的优质 项目，加快构建具有西宁特色与竞争优势的现代化产业体系。并提出量化攻坚目标，即各招商专班全年 对接企业不少于20 ...

Financial Performance - The company reported a revenue of 1.442 billion yuan for the first half of 2025, representing a year-on-year decline of 9.98% [1] - The net profit attributable to the parent company was a loss of 2.031 million yuan, marking a shift from profit to loss compared to the previous year [1] - The full-year financial report for 2025 is expected to be released in early 2026, with a focus on whether the loss can be narrowed [1] Industry Policy and Environment - The hydrogen energy industry is experiencing ongoing policy updates that may indirectly impact the company's business [1] - On February 13, 2026, the National Hydrogen Energy Standardization Technical Committee solicited public opinions on 19 national standards, including "Hydrogen Fuel Quality Requirements" [1] - Institutions like CICC believe that the hydrogen energy industry may accelerate its development, which could affect the long-term business environment for hydrogen energy concept stocks like the company [1] Business Progress - The company's operations focus on hydrogenated phenolic chemicals and energy products [1] - In the first half of 2025, the company operated five hydrogen refueling stations, with significant year-on-year growth in hydrogen sales (e.g., Jiyuan South Second Ring Station sold 322 tons, an increase of 92.8%) [1] - Future plans for expanding hydrogen refueling stations and updates on hydrogen sales data are areas to watch [1]

Industry Policy and Environment - The Ministry of Industry and Information Technology emphasized hydrogen energy as a key technology focus during a meeting on February 3, 2026, which may provide long-term support signals for the industry [1] - The "14th Five-Year Plan" has proposed "energy power" for the first time, indicating that hydrogen energy is expected to receive policy support as a future industry [1] Company Status - On January 26, 2026, the company was listed as a dishonest executor by the Shanghai Pudong New Area Court due to a contract dispute, with an involved amount of approximately 2.07 million yuan, indicating potential legal risks that may pressure its reputation and operations [2] Performance and Operating Conditions - The mid-2025 report showed a revenue decline of 55.7% year-on-year, with a net loss of 184 million yuan, accumulating over 2.1 billion yuan in losses over the past five and a half years, highlighting the need to monitor its progress in turning around losses and cash flow status [3] Financial Movements - On January 8, 2026, the company spent 7.1736 million Hong Kong dollars to repurchase 1.49 million shares at a price range of 4.76-4.83 Hong Kong dollars, which may reflect management's stance on the stock price but should be evaluated in conjunction with the fundamentals [4]

Core Viewpoint - Hydrogen-related stocks in the Hong Kong market experienced a rise despite overall market trends, indicating a potential interest in the hydrogen energy sector [1] Group 1: Stock Performance - Guofu Hydrogen Energy (02582.HK) saw an increase of 14.37%, reaching HKD 45.36 [1] - Zhongshun Energy (02570.HK) rose by 14.01%, trading at HKD 59 [1] - CIMC Enric (03899.HK) experienced a smaller increase of 1.5%, with a price of HKD 12.16 [1]

智通财经APP获悉，部分氢能概念股逆市走高，截至发稿，国富氢能(02582)涨14.37%，报45.36港元； 重塑能源(02570)涨14.01%，报59港元；中集安瑞科(03899)涨1.5%，报12.16港元。 消息面上，工信部本月初召开党组会议，明确发挥新型举国体制优势，推动氢能等攻关突破。长江证券 指出，工信部党组会中，氢能与其他市场热点方向并列排第四位，体现顶层对氢能的重视程度高；且强 调开展制造业新技术新产品新场景大规模应用示范，以场景大规模开放应用加速前沿技术熟化。该行认 为，氢能行业正从技术降本向规模化降本迈进，政策背景利于和支持氢能行业放量，值得重视。 ...

Group 1 - The core viewpoint of the article highlights the meeting between Indian Prime Minister Modi and Dutch Prime Minister, focusing on collaboration in digital and artificial intelligence sectors [1] - The discussion included strengthening ties in semiconductor technology, major water projects, green hydrogen energy, talent mobility, and counter-terrorism efforts [1]