Shenghui Technology's Subsidiary Sheng Hydrogen Production Joins Hands with Partners to Explore a New Future in Hydrogen Energy

Recently, Guangdong Sheng Hydrogen Production Equipment Co., Ltd. (hereinafter referred to as "Sheng Hydrogen Production") reached an order cooperation agreement with a hydrogen energy technology detection institution in Beijing and a hydrogen energy research institute in Shanghai. The agreement successfully secured the supply of eight sets of electrolyzer equipment, providing customized water electrolysis hydrogen production equipment and supporting services. This marks another industry recognition of Sheng Hydrogen Production's service capabilities in upstream technology verification and safety monitoring within the hydrogen energy industry chain. The parties will engage in in-depth collaboration on aspects such as equipment energy efficiency optimization and intelligent hydrogen safety monitoring, jointly promoting the standardization and reliability enhancement of hydrogen energy equipment.

As the core hydrogen energy segment of Shenghui Intelligent Technology Co., Ltd. (Stock Code: 300423), Sheng Hydrogen Production has always been driven by technological innovation, focusing on the R&D and manufacturing of water electrolysis hydrogen production equipment. This cooperation not only affirms the company's technological strength but also serves as a vivid example of collaborative development within the hydrogen energy industry ecosystem.

Business Focus | Gaining Trust Through Technological Strength

Sheng Hydrogen Production focuses on the R&D of water electrolysis hydrogen production equipment, offering a full range of alkaline electrolyzers with capacities from 5Nm³/h to 2,000Nm³/h. A single unit can produce up to 1,000 standard cubic meters of hydrogen per hour, with hydrogen purity reaching 99.9995% and a hydrogen dew point below -70°C. Its flagship product, the "1,000 standard cubic meters alkaline water electrolysis hydrogen production equipment," features a high current density design, achieving a power consumption as low as 4.4 kWh per cubic meter and an overall energy efficiency of 77%, placing its technology at the forefront of the industry.

In addition to equipment supply, the company provides one-stop solutions encompassing "hydrogen production + storage and transportation + application." It has successfully implemented scenarios such as integrated hydrogen production and refueling stations and hydrogen energy cold chain logistics. Its "on-site hydrogen production" model leverages off-peak electricity for hydrogen production and cold storage electricity pricing policies, enabling "on-demand production and use" within hydrogen refueling stations, eliminating storage and transportation steps, and helping customers build a clean and low-cost hydrogen supply system.

Ecosystem Layout | Writing a Zero-Carbon Future With "Hydrogen"

Anchored in the national "dual carbon" strategy, Sheng Hydrogen Production adopts a dual-driven approach of "technological breakthroughs + scenario implementation," aiming to become a global leader in green hydrogen equipment services. Leveraging Shenghui Technology's expertise in electrical equipment and intelligent systems, the company continues to focus on key developments in the PEM hydrogen production equipment field, driving further reductions in hydrogen production energy consumption and costs.

In ecosystem collaboration, Sheng Hydrogen Production deeply integrates into the Foshan Nanhai hydrogen energy industry cluster, collaborating with upstream and downstream enterprises to create a closed-loop ecosystem of "hydrogen production-storage-transportation-application." It partners with key enterprises in hydrogen fuel cell vehicle R&D and logistics companies to deploy hydrogen energy cold chain light trucks, reducing operational costs through self-produced hydrogen and feeding back into technological iterations.

In terms of industrial layout, Sheng Hydrogen Production targets the Greater Bay Area, the Three North wind and solar power resource-rich regions, and overseas markets, accelerating capacity expansion. Currently, the company has an annual capacity to produce 20 sets of 1,000 standard cubic meters alkaline electrolyzer hydrogen production equipment and is actively expanding into emerging markets in Europe and the Middle East.

Strategic Vision | From Bay Area Benchmark to Global Stage

At the end of 2022, Sheng Hydrogen Production independently developed and successfully launched Foshan's first 1,000Nm³/h alkaline water electrolysis hydrogen production equipment, filling the local gap in large-scale alkaline hydrogen production equipment. The company achieved a leap from 100 standard cubic meters to 1,000 standard cubic meters equipment within just 120 days, showcasing the "Sheng Hydrogen Speed" in strengthening and complementing the hydrogen energy industry chain in Foshan.

In 2023, the company partnered with a local hydrogen production and refueling station investment and operation entity in Foshan, utilizing its water electrolysis hydrogen production equipment to produce hydrogen within refueling stations, providing high-grade hydrogen energy for nearby fuel cell vehicles.

In 2024, the company successfully established a hydrogen energy detection platform, building a comprehensive third-party inspection and detection service system. This not only provides a full performance evaluation of the operational characteristics of existing electrolyzers but also offers robust design references for the equipment selection segment of hydrogen energy engineering projects, laying a solid foundation for the development and technological promotion of the water electrolysis hydrogen production industry.

In 2025, the Zhong Hydrogen Shibai Smart Integrated Energy Hub project, in collaboration with China-Singapore Hydrogen Energy, officially commenced, successfully obtaining approval from the Foshan Development and Reform Bureau for the planning confirmation of the new construction at the Nan Storage 18 gas station planning point. As a key component of the Guangzhou-Zhanjiang Hydrogen Energy Expressway project, this initiative will inject strong momentum into the construction of the Greater Bay Area hydrogen energy network and the vigorous development of the hydrogen energy industry.

Currently, Sheng Hydrogen Production has an annual manufacturing capacity of 0.5GW of water electrolysis hydrogen production equipment. It can independently produce water electrolysis hydrogen production equipment with capacities ranging from 5 to 2,000Nm³/h, hydrogen purification equipment, hydrogen refueling equipment, and modular scalable 100MW electrolyzer system platforms, while simultaneously advancing the R&D of PEM water electrolysis hydrogen production equipment. The company has established a complete manufacturing process for water electrolysis hydrogen production and refueling equipment, providing one-stop services.

This collaboration with enterprises specializing in water electrolysis hydrogen production testing equipment and hydrogen safety monitoring advances the improvement of the detection and certification system. It represents a significant step in strengthening the company's influence within the industry chain, validating Sheng Hydrogen Production's service capabilities in niche areas and setting a benchmark for technical collaboration in the industry. In the future, Sheng Hydrogen Production will continue to pursue its development strategy of becoming a leading enterprise in the hydrogen production equipment field, working with partners to explore the vast potential of the hydrogen energy market and injecting powerful momentum into the green energy transition in China and globally!