HK Stock Movement | SINOHYTEC (02402) Rises Nearly 6% Intraday as 100kW Fuel Cell Generator Successfully Delivered to Australian Client

Stock News12-15

SINOHYTEC (02402) surged nearly 6% intraday, and as of press time, it was up 3.7% at HKD 26.88, with a turnover of HKD 22.99 million. On December 12, SINOHYTEC announced the successful delivery of its 100kW fuel cell generator to an Australian client for a distributed power generation project in Brisbane, Queensland. This marks the company's third mature power generation product and its first overseas export, signifying the initial step in the globalization of its hydrogen energy power solutions.

Additionally, Beijing Sinohytec Energy Storage Technology Co., Ltd. was recently established. A senior executive from SINOHYTEC stated that the new company aims to actively respond to the national strategy of building a new power system. This move indicates SINOHYTEC's official entry into the energy storage technology sector while continuing to focus on its core hydrogen fuel cell business. The expansion also reflects the company's strategic intent to develop a synergistic "hydrogen-storage-utilization" energy solution.

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