Guohong Hydrogen Energy (09663) issued a profit warning, and its stock price increased by more than 6%. As of press release, it rose 6.59% to HK$19.08, with a turnover of HK$10.219,600.
The Zhitong Finance App learned that Guohong Hydrogen Energy (09663) issued a profit warning, and the stock price increased by more than 6%. As of press release, it rose 6.59% to HK$19.08, with a turnover of HK$10.219,600.
According to the news, Guohong Hydrogen Energy issued a profit warning. It is estimated that the 2023 loss will be between 396 million and 424 million yuan, an increase of 45% to 55% year-on-year. The reason is that there is uncertainty about the development of hydrogen energy commercialization scenarios, which caused some of the company's customers to delay orders, and annual revenue did not achieve the expected increase; increased R&D and administrative expenses; and increased provision for impairment of trade receivables.
According to reports, Guohong Hydrogen Energy is a leading technological hydrogen fuel cell company in China focusing on research, development, production and sales of hydrogen fuel cell electric stacks and hydrogen fuel cell systems. Huafu Securities said that with regard to the hydrogen energy industry, favorable policies from the central government and local authorities were frequently issued after a year. Previously, problems such as technology, cost, and infrastructure that made it difficult to develop hydrogen energy on a large scale all provided solutions in the above policies, and all aspects of the production, storage, transportation, addition, and use of hydrogen energy ushered in benefits. In this context, the bank believes that the bottlenecks in the development of the hydrogen energy industry are being continuously broken through, and investment opportunities for relevant high-quality standards within the industry are gradually becoming prominent.