证券日报网讯蜀道装备10月15日在互动平台回答投资者提问时表示，公司目前在氢液化、加氢站设备、 氢制取、液化储运等方面已具备相应的技术储备，而氢负离子电池技术主要涉及新型储能材料与电化学 系统，与公司当前的技术路径和业务方向存在较大差异，暂未纳入公司当前研发体系的重点领域。未来 公司将继续围绕深冷装备、氢能装备等重点领域推进技术创新和产业升级，同时密切关注政策导向与市 场机遇，努力实现高质量发展。 （文章来源：证券日报） ...

每经AI快讯，有投资者在投资者互动平台提问：据报道，近日中国科学院大连化学物理研究所团队开 发出新型核壳结构氢负离子电解质，并成功构建了首例氢负离子原型电池。请问贵公司在这方面有无深 入研究？有否考虑和相关科研机构合作把该项成果尽快市场化？ （文章来源：每日经济新闻） 蜀道装备（300540.SZ）10月15日在投资者互动平台表示，公司目前在氢液化、加氢站设备、氢制取、 液化储运等方面已具备相应的技术储备，而氢负离子电池技术主要涉及新型储能材料与电化学系统，与 公司当前的技术路径和业务方向存在较大差异，暂未纳入公司当前研发体系的重点领域。未来公司将继 续围绕深冷装备、氢能装备等重点领域推进技术创新和产业升级，同时密切关注政策导向与市场机遇， 努力实现高质量发展。 ...

Core Viewpoint - Hydrogen energy is positioned as a key component in the transition to clean energy, yet it has not yet achieved significant market penetration due to high costs and inadequate infrastructure [1][2] Industry Overview - The hydrogen energy industry is transitioning from policy-driven to a dual-driven model of "policy + market," indicating a critical development phase [2] - The industry is currently facing challenges such as market competition, pricing pressures, and the need for supportive policies to enhance profitability [3] Company Performance - Guofu Hydrogen's mid-year report shows a revenue of 109 million yuan, with the vehicle-mounted high-pressure hydrogen supply system contributing 91.3 million yuan, reflecting a year-on-year increase of 26.7% [2] - The company has maintained a leading position in the vehicle-mounted hydrogen supply system market, with over 40% of fuel cell vehicles in China equipped with its products [2] - Revenue from hydrogen station equipment reached 13.99 million yuan, indicating steady market expansion [2] New Business Development - The water electrolysis hydrogen production equipment contributed 3.668 million yuan in revenue, primarily from overseas markets, showcasing the company's international competitiveness [3] - Guofu Hydrogen has secured significant contracts, including a 150 million yuan agreement for green hydrogen production equipment, indicating strong future growth potential [5][6] Strategic Initiatives - The company is exploring an integrated business model for green hydrogen, focusing on the entire value chain from production to transportation [6] - Guofu Hydrogen is actively pursuing overseas projects in regions such as the Middle East, North Africa, and Europe, which are expected to enhance its market presence and revenue streams [6][7] Future Outlook - The hydrogen industry is on the brink of explosive growth, and Guofu Hydrogen's strategic investments are anticipated to translate into significant financial performance improvements [7] - The company is well-positioned to capitalize on the anticipated commercialization of hydrogen energy, leveraging its early mover advantage and comprehensive product offerings [5][7]

Core Insights - The hydrogen energy industry is transitioning from policy-driven to a dual-driven model of "policy + market," indicating a critical development phase for the sector [2] - National policies and the scaling of renewable energy are expected to accelerate the cost reduction of hydrogen production, paving the way for large-scale commercialization [1][2] - Guofu Hydrogen (国富氢能) has established a comprehensive layout in the hydrogen energy sector, covering the entire value chain from production to storage, transportation, and utilization [1][2] Financial Performance - In the first half of the year, Guofu Hydrogen reported revenues of 109 million yuan, with the vehicle-mounted high-pressure hydrogen supply system contributing 91.3 million yuan, a year-on-year increase of 26.7% [2][3] - The company’s hydrogen station equipment generated revenues of 13.99 million yuan, reflecting steady market expansion [2] - Despite facing profitability challenges, Guofu Hydrogen's losses decreased by approximately 20.1% year-on-year due to improved receivables recovery and reduced costs [3] Strategic Developments - Guofu Hydrogen has secured a sales agreement for 100 MW green hydrogen production equipment valued at over 150 million yuan, indicating strong future growth potential [4][5] - The company is exploring an integrated business model for green hydrogen, which includes production, liquefaction, transportation, and refueling [6] - Guofu Hydrogen is actively pursuing overseas projects in regions such as the Middle East, North Africa, and Europe, which are expected to enhance its market presence and order volume [6][7] Market Outlook - The hydrogen energy sector is on the brink of explosive growth, with Guofu Hydrogen positioned to capitalize on its first-mover advantage and scale [5][6] - The company is focusing on liquid hydrogen technology, which is seen as a key future development direction due to its advantages in large-scale and long-distance hydrogen transportation [5][6] - Guofu Hydrogen's strategic investments and project developments are anticipated to translate into significant financial growth in the near future [7]

Group 1 - The company reported a revenue of 109 million yuan for the six months ending June 30, 2025, with a loss attributable to shareholders of 89.248 million yuan, resulting in a loss per share of 0.85 yuan [1] - Despite a decrease in revenue during the reporting period, the company is actively expanding its overseas partnerships and business layout, aiming to enhance green hydrogen projects in the coming year [1] - The company has set cost reduction and efficiency improvement targets to lower manufacturing costs and enhance production efficiency, gradually achieving economies of scale to improve profitability [1] Group 2 - Looking ahead to the second half of 2025, the company plans to leverage its position as a leading domestic enterprise and a local hydrogen energy chain leader to create a hydrogen energy ecosystem by integrating upstream and downstream resources [2] - The company aims to develop a complete industrial chain from hydrogen production, storage, transportation, to refueling, promoting the scaled and clustered development of the hydrogen energy industry in the region [2] - The company will continue to enhance its competitive advantage in core hydrogen energy equipment for green energy transportation and will focus on the synergistic effects of its business lines, including onboard hydrogen supply systems and refueling station equipment [2]

Group 1 - The company reported a revenue of 109 million yuan for the six months ending June 30, 2025, with a loss attributable to shareholders of 89.248 million yuan, resulting in a loss per share of 0.85 yuan [1] - Despite a decrease in revenue during the reporting period, the company is actively expanding its overseas partnerships and business layout, aiming to enhance green hydrogen projects for implementation in the following year [1] - The company has identified several overseas high-quality projects with favorable conditions, including hydrogen refueling stations, hydrogen production equipment manufacturing plants, liquid hydrogen facilities, and water electrolysis hydrogen production projects [1] Group 2 - Looking ahead to the second half of 2025, the company plans to leverage its position as a leading domestic enterprise and a local hydrogen energy chain leader to create a hydrogen energy ecosystem by integrating upstream and downstream resources [2] - The company aims to enhance its competitive advantage in core hydrogen equipment for green energy transportation and to promote the commercialization of fuel cell vehicles and hydrogen refueling stations through innovative liquid hydrogen products [2] - The company will gradually increase the revenue proportion from liquefied hydrogen storage and transportation equipment, as well as water electrolysis hydrogen production equipment and related products [2]

Group 1 - The hydrogen energy industry has seen a continuation of strong equity financing in the first half of this year, with 21 financing events totaling 1.59 billion yuan, representing a 50% increase in the number of events and a 137% increase in financing amount compared to the same period last year [1] - The hydrogen energy industry chain is beginning to take shape, driven by policy support, active corporate participation, and capital interest, with expectations for commercialization in the transportation sector [1][2] - Hydrogen energy has been officially included in China's energy strategy, with multiple ministries approving five fuel cell vehicle demonstration cities and various provinces introducing specialized hydrogen energy policies [1][2] Group 2 - The hydrogen energy industry chain includes upstream hydrogen production, midstream storage and transportation, and downstream diverse application scenarios, with electrolysis of water being the most promising green hydrogen production method [2] - As of the end of 2021, China had achieved hydrogen production capacity of approximately 40 million tons per year, with a production volume of about 33 million tons, and a total of 8,939 hydrogen fuel cell vehicles [2] - By 2030, under the carbon peak scenario, China's annual hydrogen demand is expected to exceed 37 million tons, accounting for 5% of terminal energy consumption, and by 2060, it is projected to reach 130 million tons, making up 20% of terminal energy consumption [2] Group 3 - Fuel cells are expected to be a significant breakthrough, with three models proposed to accelerate the commercialization of fuel cell heavy trucks: national demonstration city cluster subsidy model, wind and solar resource subsidy model, and low-cost hydrogen pure commercialization model [3] - The development prospects of the hydrogen energy industry are broad, with expectations for hydrogen energy to achieve commercialization in the transportation sector first, and key materials for green hydrogen production and hydrogen fuel cells becoming popular industry segments [3]