[SMM Analysis] The Hydrogen Energy Industry Chain Was Active This Week, With Fundraising Becoming the Primary Goal

Published: Feb 27, 2025 11:07

This week, multiple enterprises in the hydrogen energy industry chain have been actively engaged in various activities. Whether through additional share issuance for acquisitions, entrusted loans, or IPO underwriting tenders, fundraising has become their common primary goal.

Yihuatong Plans Additional Share Issuance to Acquire Xuyang Hydrogen Energy: Entire Industry Chain Integration Underway

Yihuatong (688339.SH), a leading domestic supplier of hydrogen fuel cell systems, recently announced plans to acquire 100% equity and assets of Dingzhou Xuyang Hydrogen Energy Co., Ltd. ("Xuyang Hydrogen Energy") through a share issuance. This announcement has garnered widespread market attention. Xuyang Hydrogen Energy, specializing in hydrogen production and supply, possesses mature hydrogen production technology and a stable customer base. By acquiring Xuyang Hydrogen Energy, Yihuatong is expected to achieve entire industry chain integration from fuel cell systems to hydrogen supply, further consolidating its leading position in the hydrogen energy industry.

For Yihuatong, this acquisition not only secures a stable hydrogen supply source but, more importantly, enables the company to reduce production costs and improve operational efficiency through entire industry chain integration, thereby gaining a more advantageous position in the fiercely competitive market. Additionally, the integration is expected to bring technological synergies, driving innovation and upgrades in hydrogen production and fuel cell systems.

Jidian Shares Secures 2.5 Billion Yuan Entrusted Loan to Support Hydrogen Energy Projects: Funding Accelerates Development

Meanwhile, Jilin Electric Power Co., Ltd. ("Jidian Shares") also announced positive news. The company has secured an entrusted loan of 2.5 billion yuan, which will primarily be used for the development of green hydrogen-based energy projects. As a publicly listed firm under the State Power Investment Corporation (SPIC), Jidian Shares has already established a significant presence in the hydrogen energy industry. This substantial funding support will undoubtedly inject strong momentum into the development of its hydrogen energy business.

The funds will mainly be allocated to R&D and equipment procurement for hydrogen production, storage, transportation, and application. By increasing investment, Jidian Shares is expected to further accelerate the implementation and construction of hydrogen energy projects, promoting the large-scale development of the hydrogen energy industry. This will also create new business growth opportunities and enhance profitability for the company. More importantly, this financing will strengthen Jidian Shares' market position in the hydrogen energy industry, laying a solid foundation for its future development.

Guohydrogen Technology Launches IPO Underwriting Tender: Clear Intent to Target the STAR Market

In addition, SPIC Hydrogen Energy Technology Development Co., Ltd. ("Guohydrogen Technology") has initiated an IPO underwriting tender, signaling its active preparation for listing on the STAR Market. As a technology-driven enterprise in the hydrogen energy sector under SPIC, Guohydrogen Technology has achieved remarkable results in recent years. This IPO underwriting tender is expected to not only raise more funds to drive its further development in the hydrogen energy industry but also add more highlights to its performance in the capital market.

In the future, SMM will continue to monitor developments in the hydrogen energy financial sector.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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