Core Viewpoint - The company, Sichuan Shudao Equipment Technology Co., Ltd., is actively developing its hydrogen energy industry with a clear focus on deep low-temperature liquid hydrogen technology, aiming to establish a comprehensive research, manufacturing, and application system across the entire industry chain [2]. Group 1: Hydrogen Industry Layout - The company has outlined a development path for the hydrogen energy industry that emphasizes deep low-temperature liquid hydrogen technology as the core, large-scale application scenarios as the driving force, and open industry cooperation as the support [2]. - The company has established itself as the leading unit and professional platform for the hydrogen energy industry development of the Shudao Group, positioning hydrogen energy as a key driver for cultivating new productive forces and promoting green industrial transformation [2]. Group 2: Core Technology and Achievements - The company has made significant breakthroughs in various segments of the hydrogen value chain, including liquid hydrogen, hydrogen production, storage, and refueling [3]. - In the liquid hydrogen sector, the company has achieved a manufacturing capacity of 5 tons/day for hydrogen liquefaction and is developing a large-scale liquefaction technology with a capacity of 30 tons/day [3]. - The company has established mature commercial devices for hydrogen purification from industrial by-products and has supplied projects in Shanxi and Guizhou [3]. - The company has completed the standardized design and manufacturing of high-pressure hydrogen refueling stations and has made technological advancements in liquid hydrogen storage tanks and refueling stations [3]. Group 3: Industry Cooperation and Technology Transfer - The company is building an industrial ecosystem through a model of international cooperation, domestic collaboration, and industry-university-research partnerships [4]. - It has formed a joint venture with Toyota to develop products for liquid hydrogen heavy trucks and engineering machinery, and has signed a memorandum of cooperation with Germany's Linde Hydrogen Company [4]. - The company collaborates with domestic partners like China CRRC and China National Heavy Duty Truck Group to develop hydrogen-powered locomotives and heavy trucks [4]. - Partnerships with universities such as Southwest Jiaotong University and Shandong University aim to establish joint laboratories for hydrogen technology [4]. Group 4: Joint Venture and Demonstration Projects - The joint venture Sichuan Shudao Toyota Hydrogen Energy Technology Co., Ltd. was established in July 2025, with a registered capital of 236 million yuan, and aims to produce fuel cells with an initial capacity of 1,500 sets per year [5]. - The company has successfully launched several demonstration projects, including hydrogen refueling stations along major highways and the application of fuel cell systems in heavy trucks [6]. Group 5: Future Expansion and Applications - The company is exploring applications of hydrogen energy in emerging industries, particularly in low-altitude economy and hydrogen-powered locomotives [7]. - It is focusing on developing long-endurance heavy-lift aircraft and hydrogen drones, leveraging high-energy-density fuel cell power systems [7]. - The company is advancing the research and development of liquid hydrogen locomotives, including a new refueling model involving on-board liquid hydrogen exchange [7]. Group 6: Industrial Gas Business Strategy - The company plans to expand its industrial gas business through a dual strategy of self-investment and mergers, starting from Sichuan and gradually expanding nationwide [8]. - The gas operation business has already achieved notable results with projects like the Inner Mongolia Yahui project coming online [8].