HMJT(SZ:002356)2025-05-13 11:58Group 1: Business Strategy and Focus - The company will continue to focus on hydrogen energy strategic transformation, expanding low-cost and stable gas supply channels, and optimizing the energy station network layout to reduce user costs and enhance customer loyalty [2][3] - The retail sector will adopt a "full-channel integration + precision operation" approach, strengthening brand value and optimizing supply chain efficiency while accelerating digital transformation [2][3] Group 2: Financial Performance and Growth - In Q1 2025, the company achieved revenue of 170 million CNY, a year-on-year increase of 365.39% [4] - The company is committed to improving operational performance through various measures, including enhancing sales revenue and creating an "energy + service" integrated model [4] Group 3: Cost Control Measures - The company has implemented effective cost control measures, including optimizing supply chain management and enhancing retail business efficiency by closing 7 underperforming stores [9][10] - Digital management tools have been introduced to monitor procurement, inventory, orders, and payments in real-time, thereby reducing operational costs [10] Group 4: Project Development and Funding - The wind power hydrogen production project is currently at 0.09% completion, with funding sourced from self-owned funds, financing, and asset revitalization [4][5] - The company is cautious about project approvals and may adjust investment scales based on policy changes and market fluctuations [5] Group 5: Competitive Advantages - The company leverages location policy and industry chain synergy advantages, benefiting from local policy support and industrial upgrade demands [7] - A stable upstream supply chain has been established, enhancing resource coordination and reducing procurement costs [7] Group 6: Risk Management and Credit Policies - The company employs a prepayment model for its energy business, optimizing cash flow and managing accounts receivable through strict credit management [6] - Future credit policies will continue to be adjusted to mitigate risks associated with long repayment cycles [6] Group 7: Future Growth Potential - The company plans to deepen its hydrogen energy strategic transformation and increase investment in new business directions, with external factors such as macroeconomic conditions and industry policies influencing growth [10] - The hydrogen energy sector is expected to experience explosive growth, particularly in hydrogen heavy trucks and long-term energy storage [10]