Core Viewpoint - The hydrogen energy industry in China is experiencing significant growth during the "14th Five-Year Plan" period, with expectations for a transition to large-scale commercial development in 2026 as the "15th Five-Year Plan" begins. The China Hydrogen Energy Promotion Association has outlined ten key trends for the development of the green hydrogen and ammonia industry in 2026 [1]. Group 1: Policy and Market Dynamics - The implementation of a dual control system for carbon emissions is expected to enhance the certainty of the hydrogen industry, with 2026 anticipated to be the first year of this system focusing on intensity control [2]. - A carbon footprint accounting system for green hydrogen and ammonia is projected to be established by 2026, facilitating the integration of these products into the national carbon market and promoting the quantification of environmental and economic values [3]. - Targeted policy support is expected to drive orderly development in the hydrogen industry, focusing on key areas such as direct hydrogen production from renewable energy and the construction of hydrogen transport networks [4]. Group 2: Industry Structure and Collaboration - The industry is expected to break down spatial barriers and create a unified national market, promoting regional collaboration and differentiated development based on local resource endowments [5]. - The hydrogen industry is entering a deep adjustment phase, shifting from policy-driven growth to market-driven development, with a focus on value creation and rational investment [6]. Group 3: Capacity and Infrastructure Development - By 2026, the cumulative production capacity of green hydrogen and ammonia projects in China is expected to exceed 500,000 tons per year, supported by the completion of multiple large-scale demonstration projects [7]. - The construction of hydrogen storage and transportation systems is anticipated to accelerate, with significant advancements in hydrogen transport technologies and potential reforms in land use for hydrogen stations [8]. Group 4: Sector-Specific Trends - The transportation sector is poised for significant advancements, with expectations for the number of hydrogen fuel cell vehicles to reach 50,000 by the end of 2026, particularly in economically robust regions [9]. - The focus in the hydrogen equipment sector is shifting from scale expansion to quality, with an emphasis on performance and reliability improvements in core technologies [10]. Group 5: Global Engagement - China's hydrogen industry is expected to enhance its global presence, transitioning from equipment export to comprehensive solutions including engineering contracts and joint ventures, while actively participating in international standard-setting [10].

Group 1 - The green hydrogen industry in China is transitioning from demonstration exploration to commercial application by 2025, with several large-scale projects accelerating their implementation [1] - State Power Investment Corporation Hydrogen Technology Development Co., Ltd. (referred to as "Guohydrogen Technology") has been a pioneer in the domestic PEM electrolysis technology since 2018, leading advancements in the industry [1] - In June 2025, Guohydrogen Technology launched the largest single PEM hydrogen production equipment in China, "Hydrogen Surge Zhuohan 4000," which enhances the large-scale production process of PEM hydrogen equipment [1] Group 2 - By December 2025, the cumulative shipment of "Hydrogen Surge" PEM hydrogen production equipment is expected to rank first in China, with nearly 100,000 hours of commercial operation for megawatt-level electrolysis cells [2] - The market price of PEM hydrogen production equipment has decreased by over 60% in the past three years, making its lifecycle cost comparable to alkaline electrolysis equipment [2] - In 2025, over 20 green hydrogen projects utilizing PEM technology are anticipated, with annual order volume increasing by more than three times compared to 2024, indicating a rapid release of market demand [2]

中国宏桥(01378)涨超6%创新高，LME铝站上3000美元。 碳酸锂期货强势上行，赣锋锂业(01772)涨超4%，天齐锂业(09696)涨超3%。 智通财经APP获悉，港股恒生指数涨1.78%，涨468点，报26815点；恒生科技指数涨2.21%。港股早盘成 交1627亿港元。 高盛报告称，2026年建议高配中国股票。中资券商股集体走高。国泰君安国际（01788）涨超12%；国 联民生(01456)涨超6%，国泰海通（02611）涨超7%；九方智投控股（09636）涨17%。 紫金矿业(02899)涨5%再创新高，预计全年净利润最多520亿元，花旗称创始人卸任担忧属错置。 钧达股份(02865)涨超5%，太空光伏产业商业化进展加快，公司协同尚翼光电推进相关产业化落地。 贪玩(09890)再涨超6%，公司成功发行可转债加码AI+游戏，微信小游戏推出激励政策。 锅圈(02517)涨超5%，锅圈小炒今日开启试营业，场景扩展有望驱动增长。 小鱼盈通(00139)涨超23%，国内微短剧市场规模快速起量，公司已上线AIGC创作平台 "绘小鱼"。 威高股份(01066)跌超3%，威高血净拟斥资85亿元向威高股份等收购威 ...

中化新网讯 近日，克石化新建的氢气提纯单元项目正式投产，并为克拉玛依白碱滩综合能源站首次提 供电池燃料氢气，助力克拉玛依市打造"中国西部氢都"。 作为区域能源骨干企业，克石化在氢能领域积淀深厚。截至目前，克石化已拥有3套润滑油高压加氢装 置，在制氢、加氢、用氢及氢气回收等领域形成了完整的技术体系，为此次氢气提纯项目的顺利实施和 安全平稳运行奠定了坚实基础。 克石化氢气提纯项目是中国石油积极响应国家"双碳"战略、拓展新能源业务布局的重要实践。该项目采 用PSA变压吸附技术，将纯度99.9%的原料氢气提纯至99.999%以上的高纯氢标准。合格氢气经缓冲、压 缩至20MPa后，通过专用装车系统安全充装至管束车外运，产品质量完全符合燃料电池汽车用氢国家标 准。 ...

消息面上，国富氢能宣布，集团已向其客户完成交付合共424套车载高压供氢系统，该系统将应用于广 州市的燃料电池巴士。集团是次交付为广州大规模商业运营的氢燃料电池巴士(属中国规模最大的氢能 巴士项目)提供高效氢能供应。集团交付的424套车载高压供氢系统，乃集团独立开发及制造的产品，具 备安全性高、可靠性强及环境适应性佳等特点，是氢燃料电池车辆的核心关键组件之一。 国富氢能(02582)现涨超8%，截至发稿，涨7.29%，报28.84港元，成交额6365.31万港元。 ...

智通财经APP获悉，国富氢能(02582)现涨超8%，截至发稿，涨7.29%，报28.84港元，成交额6365.31万 港元。 消息面上，国富氢能宣布，集团已向其客户完成交付合共424套车载高压供氢系统，该系统将应用于广 州市的燃料电池巴士。集团是次交付为广州大规模商业运营的氢燃料电池巴士(属中国规模最大的氢能 巴士项目)提供高效氢能供应。集团交付的424套车载高压供氢系统，乃集团独立开发及制造的产品，具 备安全性高、可靠性强及环境适应性佳等特点，是氢燃料电池车辆的核心关键组件之一。 ...

助力清洁制氢项目减排量转化为碳资产 中化新网讯近日，生态环境部会同国家能源局发布《温室气体自愿减排项目方法学可再生能源电解水制 氢》。这是我国氢能领域首个温室气体自愿减排(CCER)项目方法学。 方法学牵头编制单位、中国华电集团碳资产运营有限公司碳交易运营管理部副主任富兰克表示，作为全 球最大氢气生产国，我国氢气生产呈明显的高碳特征。其中，化石能源制氢占比达98%，可再生能源电 解水制氢占比仅约1%。化石能源制氢过程碳排放强度高，推动可再生能源电解水制氢，可实现从能源 源头的脱碳。此外，基于对行业现状的充分调研和评估，目前可再生能源制氢项目成本高昂，通常是化 石能源制氢成本的2—3倍，全国已形成产能的26个项目均处于亏损状态。绿氢项目参与CCER市场获取 减排量收益，是当前提升项目经济性的有效手段。 业内普遍认为，该方法学作为氢能领域的首个CCER方法学，通过将清洁低碳制氢项目的减排量转化为 可交易的碳资产，有助于促进新能源的非电利用和消纳，对控制钢铁、化工、交通等领域温室气体排 放，推动实现"双碳"目标意义重大。 "该方法学有明确的适用条件。可申请的项目需是新建的可再生能源电解水制氢项目，消耗的电力主要 源 ...

Core Viewpoint - The development of the hydrogen energy industry is a key pathway for the country to achieve its "dual carbon" goals and build a new energy system, with Guangzhou focusing on creating a complete hydrogen energy industry chain [1] Group 1: Hydrogen Production and Storage - Guangzhou Development is actively implementing multiple routes for hydrogen production and storage, including water electrolysis and methanol reforming [2] - The company has established projects such as the Pearl River Power Plant's valley electricity hydrogen production and the Taishan photovoltaic power plant's green electricity hydrogen production, successfully validating the feasibility of these technologies [2] Group 2: Hydrogen Refueling Station Construction - The company is advancing the construction of hydrogen refueling stations, planning to establish two stations in locations such as Nansha Industrial Park and Longxue Island [3] - A pilot refueling station is expected to be completed next year to address the immediate hydrogen refueling needs of fuel cell vehicles [3] Group 3: Promotion of Hydrogen Fuel Cell Vehicles - The company collaborates with fuel cell vehicle manufacturers and logistics companies to promote the use of hydrogen fuel cell vehicles, including a plan to provide 200 vehicles to Guangzhou Zhika Logistics Technology Co., Ltd. [4] - Financing leasing services are offered to support the development of the hydrogen energy industry [4] Group 4: Application Scenario Demonstration - The company is promoting the blending of hydrogen into natural gas pipelines as part of its low-carbon transformation strategy, with feasibility studies and equipment procurement already underway [5] - Efforts are being made to integrate hydrogen into gas-fired power generation, collaborating with equipment manufacturers to advance hydrogen combustion in gas power plants [5] Group 5: Collaboration and Demonstration Projects - The company is deepening strategic cooperation with research institutes and universities to conduct joint research in key areas such as hydrogen production and storage [6] - A focus on establishing a hydrogen energy laboratory and innovation center in Nansha aims to enhance research and testing capabilities across the hydrogen energy industry chain [6]

证券日报网讯 1月5日，全柴动力在互动平台回答投资者提问时表示，控股子公司元隽氢能的质子交换 膜、膜电极等产品拥有自主知识产权，并获得多项国家专利技术。 （文章来源：证券日报） ...

本次公司受让三一氢能有限公司持有保时来3.3644%股权，是基于公司战略规划，强化氢能行业布局， 提升公司市场竞争力，整合产业链资源，提升协同效应，通过产品合作、技术与资源共享，加快现有产 品的升级与迭代、探索新的产品形态，以应对行业竞争，提升、巩固市场地位。 金帝股份（603270）(603270.SH)发布公告，公司拟使用2160.4384万元受让三一氢能有限公司持有保时 来新材料科技(苏州)有限公司(简称"保时来")3.3644%股权。 ...