SSET(SZ:300540)2025-12-19 08:40Group 1: Strategic Development - The company aims to transform from a "traditional equipment manufacturer" to a "comprehensive service provider in gas and new energy" through strategic upgrades and investments in industrial gases, LNG, and hydrogen sectors [2] - A partnership with Shudao Group's specialized investment institutions is established to leverage capital for industrial transformation, creating a new development pattern that integrates technology, industry, and capital [2] Group 2: Joint Ventures and Collaborations - The joint venture "Shudao Toyota Hydrogen Technology (Sichuan) Co., Ltd." has a registered capital of 236 million yuan, with the company holding 45%, Shudao Group 5%, and Toyota 50% [3] - The joint venture will establish an independent R&D team and local production lines in Chengdu for hydrogen fuel cell systems, targeting commercial vehicles and non-vehicle applications in the Sichuan-Chongqing economic circle [3] Group 3: Hydrogen Storage Technologies - Liquid hydrogen (LH2) is preferred for applications requiring high energy density, such as aerospace and long-distance transport, while solid-state hydrogen storage is better suited for distributed, small-scale applications [3] - Both technologies are complementary, serving different market needs rather than being direct substitutes [3] Group 4: Research and Development Progress - The company is collaborating with leading industry players on hydrogen-powered drones and trains, with ongoing projects utilizing onboard liquid hydrogen storage for hydrogen-powered trains [3] - The company ensures compliance with information disclosure regulations, maintaining transparency and accuracy in communications with investors [3]