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【IPO Tracking】Guofu Hydrogen Energy Applied for Listing on the Stock Exchange

Market VisionMonday, Sep 23, 2024 12:40 am ET
1min read

According to the disclosure of the Stock Exchange on September 20, Jiangsu Guofu Hydrogen Technology Equipment Co., Ltd. submitted an IPO application to the Stock Exchange, and intends to list on the Main Board of Hong Kong Stock Exchange, with Haitong International Capital and CITIC Securities Hong Kong as joint sponsors.

The Company is a leading manufacturer of hydrogen storage and transportation equipment in China, focusing on the research and development and manufacturing of core equipment of the entire hydrogen industry chain. The Company is strategically located in the Yangtze River Delta region, with convenient transportation, proximity to ports, and abundant supply chain resources. Taking advantage of its geographical location, it also benefits from the favorable policies of the global and Chinese hydrogen industry and the hydrogen core equipment industry, and is committed to becoming the center of the global hydrogen core equipment supply chain.

Since its establishment, the Company has focused on the development of China's transportation sector, developing and manufacturing core components of hydrogen fuel cell vehicles (i.e., on-board high-pressure hydrogen supply systems) and equipment for hydrogen transportation infrastructure (i.e., hydrogen refueling stations). With its industry leadership in on-board high-pressure hydrogen supply systems and hydrogen refueling station equipment, the Company has a deep understanding of China's hydrogen transportation industry and can participate in the commercialization process of China's hydrogen transportation.

The Company's net profit for the year ended December 31, 2021, 2022, and 2023 was RMB-71.1870 million, RMB-93.8570 million, and RMB-73.3030 million, respectively. (Data from Baota Finance)

Note: This article is a news report and does not constitute investment advice. The stock market is risky, and investment should be cautious.

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