Zhitong Finance and Economics learned that Jingcheng Electromechanical Co., Ltd. (00187) rose more than 8%, and as of press time, it rose 880% to 2HK$72, with a turnover of HK$13.89 million.
On the news side, on February 20, the Ministry of Transport issued opinions on the State Power Investment Group to carry out the pilot work of the construction of a transportation power such as the construction of heavy truck battery swap stations, networking and operation demonstration. In principle, it was agreed to carry out pilot projects in the construction of heavy truck battery swap station networking and operation demonstration, hydrogen fuel cell research and development and hydrogen energy transportation operation platform application, and city-level green energy transportation system construction and application.
It is reported that Jingcheng Co., Ltd. is mainly engaged in the manufacture of gas storage and transportation equipment, and is currently cooperating with major car factories to further expand the gas storage and transportation market. The company has said that the 70MPa high-pressure aluminum liner carbon fiber fully wound composite gas cylinder (hydrogen storage cylinder) produced by the company has been used in batches in the field of hydrogen fuel cell vehicles and fuel cell backup power supply.
CITIC** pointed out that looking forward to 2024, the policy effect is expected to continue to accumulate, the development of FCEV and green hydrogen industry chains is expected to accelerate, and the industry is expected to recover. According to the medium- and long-term development plan goals of hydrogen energy, the market size of the hydrogen vehicle industry chain is expected to double continuously from 2024 to 2025. The gradual implementation of emerging applications of green hydrogen may promote the CAGR of electrolyzer demand to reach 75% in 2025 and 2030.