Beijing SinoHytec Co., Ltd.
688339.SS
Shanghai Stock Exchange20.47
CNY
+1.22
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Beijing SinoHytec Co., Ltd.
688339.SS
(Shanghai Stock Exchange)
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20.47
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ROIC.AI
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- Beijing SinoHytec Co., Ltd. is a China-based company specializing in the research, development, manufacturing, and industrial application of hydrogen fuel cell engine systems and core components. It produces a comprehensive range of hydrogen fuel cell system products including engine systems and stacks with varying power outputs such as 30kW, 40kW, 50kW, 60kW, 80kW, 100kW, and 120kW. The company also manufactures related components and subsystems including bipolar plates, reactors, vehicle controllers, intelligent DC/DC converters, hydrogen systems, test equipment, and offers fuel cell laboratory complete solutions. Its products are primarily used in commercial vehicles including buses, logistics vehicles, passenger cars, and heavy trucks. Additionally, SinoHytec offers technology development services, technology consultation, exchange, transfer and promotion, information technology consulting services, computer system services, and intellectual property services. It also operates in automotive parts wholesale and retail, conference and exhibition services, import and export of goods and technology, industrial design services, and data processing services. The company serves markets mainly within Mainland China, with operations extending to Canada and South Korea. Founded in 2012 and headquartered in Beijing, China, SinoHytec is a national-level high-tech enterprise and a pioneer in hydrogen technology with multiple patents and a vertically integrated product and service system centered on autonomous hydrogen fuel cell systems. In the last two years, Beijing SinoHytec has made significant strategic advancements including establishing a cooperation agreement with Goldwind Science & Technology Co., Ltd. for developing a wind-to-hydrogen project aimed at building a national-level wind-to-hydrogen industrial chain to support green transformation. The company has also increased its annual production caps under a supply agreement with SinoHytec Hydrogen Energy. Other recent operational changes include a proposed auditor change to BDO China Shu Lun Pan Certified Public Accountants LLP, reflecting governance updates. SinoHytec has reported improvements in cash flow and has been actively participating in large-scale wind-hydrogen integration project EPC bidding to promote widespread adoption of fuel cell vehicles. By the end of 2023, the company's engines were recorded as the power source in 1,548 insured hydrogen fuel cell vehicles, representing over 20% of all insured fuel cell electric vehicles (FCEVs) in China, highlighting its market penetration and industry leadership. The company is listed on the Shanghai Stock Exchange under ticker 688339.SS and the Hong Kong Stock Exchange under ticker 2402.HK. Beijing SinoHytec operates in the electrical machinery and equipment manufacturing industry within the clean energy and hydrogen fuel cell segments, targeting commercial vehicle manufacturers and energy sectors focused on clean transportation solutions. Its core products and services continually advance with independent intellectual property, fulfilling national fuel cell system technology targets ahead of schedule and aligning with international advanced standards. The company's recent expansions and partnerships illustrate its strategic commitment to scaling hydrogen fuel cell technology applications and supporting China’s green energy transition objectives.