China-Singapore Jingwei, March 1 (Zhang Shunan) Some people say that the end of the car may be hydrogen energy rather than electric vehicles.
For a time, the heat of the hydrogen energy industry was ignited, and a number of hydrogen energy concept stocks were connected to the board, including Sealing Technology and Heshun Electric's 20cm daily limit. How long can the rally last? Many A-share companies can't sit still.
Good for intensive catalysis.
What ignited hydrogen energy** was the news that "Shandong Province will be exempted from highway tolls for hydrogen vehicles from March". According to the news of the public news client on the 29th, it was learned from the Provincial Department of Transportation that from March 1, hydrogen vehicles driving on Shandong Expressway with ETC set equipment will be temporarily exempted from highway tolls. The trial period of the policy is 2 years, and it will be adjusted in a timely manner according to the implementation situation after expiration.
Screenshot of the Popular News client.
According to Everbright's research report, Shandong Province plans to exempt hydrogen vehicles from highway tolls, which can directly reduce the operating costs of hydrogen heavy trucks. According to Everbright**'s estimates, according to the "Shandong Provincial Toll Road Truck Toll Standard Information Disclosure Table", the six types of truck charging standards of the Jinan-Qingdao Expressway 275 yuan km (95 discount tons of hydrogen energy heavy trucks for cargo six annual operation days of 300 days, daily mileage of 150 kilometers, 5 years of life cycle calculation, a single car can save about 590,000 yuan in highway tolls.)
On the same day, the Ministry of Industry and Information Technology and other seven departments issued the "Guiding Opinions on Accelerating the Green Development of the Manufacturing Industry", which clearly stated that the future industries in the green and low-carbon field should be forward-looking. Focusing on the needs of the energy revolution and industrial transformation under the "dual carbon" goal, we plan to lay out the development of future energy and future manufacturing industries such as hydrogen energy, energy storage, biomanufacturing, and carbon capture, utilization and storage (CCUS). Focusing on the demand for hydrogen in petrochemical industry, iron and steel, transportation, energy storage, power generation and other fields, we will build a technical equipment system for the whole industrial chain of hydrogen energy production, storage, transportation and use, and improve the technical economy of hydrogen energy and the completeness of the industrial chain.
It should be mentioned that Shandong is not the first place to introduce relevant policies. According to the "Notice on Adjusting the Differentiated Toll Policy of the City's Expressway" issued by the two departments in Tianjin on December 29, 2021, on February 1, 2022, new energy vehicles (this policy refers to electric vehicles and hydrogen fuel cell vehicles) will be exempted from tolls. The policy is valid for 3 years and will be terminated naturally.
Screenshot of Tianjin Municipal Transportation Commission**.
From the perspective of the industry, the hydrogen energy industry has always been hot. The China Association of Automobile Manufacturers recently announced the production and sales data of hydrogen fuel cell vehicles in December 2023, and the domestic production and sales of hydrogen fuel cell vehicles in the month were about 1,300 and 1,500 respectively, a year-on-year increase. 1%；For the whole year of 2023, production and sales will be about 5,600 units and 5,800 units, respectively, with a year-on-year increase. 0%。The production and sales of hydrogen fuel cell vehicles hit a record high, exceeding 1,000 for the first time in a single month.
Batch up limit. Under the intensive catalysis of the positive, hydrogen energy concept stocks broke out collectively on the last day of February, with more than 30 shares up and down intraday.
On the first trading day of March, hydrogen energy concept stocks continued to be active, with sealing technology, Heshun Electric, Meijin Energy, Sichuan Jinding, etc.
Straight flush ifind screenshot.
Flush ifind data shows that the hydrogen energy index (885823) rose 677%, with a total market capitalization of 44 trillion, 262 **, Hongtao shares, Compton, sealing technology, Meijin Energy and other nearly 10 ** daily limit.
Under such a rally, there are hydrogen energy concept stocks that have warned of risks overnight.
Sichuan Jinding announced that the company had a cumulative increase of 35 during the four consecutive trading days from February 26 to 2966%, and the Shanghai Composite Index **034%, the company's ** increase is significantly higher than the Shanghai Composite Index in the same period, please make rational decisions and pay attention to investment risks. As of now, the company does not have any revenue-generating hydrogen-related products.
According to the announcement of Sichuan Jinding's 2023 annual performance pre-loss, it is expected that the net profit attributable to shareholders of listed companies in 2023 will be about -31.85 million yuan to -38.93 million yuan, and it is expected that the net profit attributable to shareholders of listed companies in 2023 after deducting non-recurring gains and losses will be about -30.3 million yuan to -37.38 million yuan.
As of midday on March 1, Sichuan Jinding once again had a one-word daily limit, 7. per share7 yuan, with a total market value of 2.7 billion yuan.
Compton said that the company's daily increase deviation of more than 20% in three consecutive trading days on February 27, February 28 and February 29 is an abnormal fluctuation in trading. The company's holding subsidiary, Qingdao Hydrogen Qi New Energy Technology Co., Ltd., is still in the early stage of business development, with a small sales scale, and its revenue has not reached 1% of the company's overall revenue so far.
Similarly, as of midday on March 1, Compton had a one-word limit of 11. per share06 yuan, with a total market value of 2.8 billion yuan.
There are also many A-share companies that respond to the company's related hydrogen energy business.
Screenshot of the interactive platform of the Shenzhen Stock Exchange.
Taihe Technology said that the company's wholly-owned subsidiary, Hydrogen New Materials, is currently using a 150,000-ton ion membrane caustic soda project, which is expected to produce 3,750 tons of hydrogen per year. Another phase of 150,000 tons is being transformed, and it is expected that 3,750 tons of by-product hydrogen will be added after the transformation is completed.
Screenshot of the interactive platform of the Shenzhen Stock Exchange.
Dayang Electric said that the company's related products in the automotive field include new energy vehicle powertrain systems, traditional automotive vehicle rotating appliances, hydrogen fuel cell systems and their key components. "Hydrogen fuel cell business" is positioned as the company's future business, and currently accounts for a relatively small proportion of the company's overall business, and its customers mainly include Zhongtong, Dongfeng, SAIC Hongyuan, Brayton, etc.
Meijin Energy said that the company's subsidiaries Foshan Feichi Automobile Technology and Qingdao Meijin New Energy Automobile Manufacturing have a total annual production capacity of 10,000 hydrogen energy vehicles, and the total sales of fuel cell vehicles in 2023 will increase significantly compared with the same period last year. Up to now, the company's hydrogen energy vehicles have not been involved in AI technology.
In addition, Sany Heavy Industry, Power Industry and Finance, and Everbright Jiabao said on the interactive platform that they would "do not have hydrogen-free energy-related businesses".
short-term contingent performance".
How long can the hydrogen rally last?
Yang Delong, chief economist of Qianhai Open Source, said to the "V View Financial Report" (*ID: VG-View) that hydrogen energy is indeed a relatively emerging direction now, and there may be certain opportunities and performance in the short term, and the long-term depends on the practical application of hydrogen energy to see whether it can be truly recognized by the market, and you can pay attention to some companies with core technologies that may release performance in the future.
Huafu ** research report believes that the bottleneck of the development of the hydrogen energy industry is being continuously broken through, and the investment opportunities of related high-quality targets in the industry are gradually highlighted. You can pay attention to listed companies related to hydrogen production, storage and transportation, and fuel cell links.
According to Everbright**, with the implementation of subsidies in demonstration urban agglomerations and the support of hydrogen energy for long-distance and heavy-load use scenarios, the production and sales of hydrogen vehicles in China are expected to further increase in 2024. In addition, the development of the upstream hydrogen production end and the midstream storage and transportation end is also expected to continue to develop in the context of downstream demand stimulation.
According to the "Medium and Long-term Plan for the Development of Hydrogen Energy Industry (2021-2035)", by 2025, the core technology and manufacturing process will be basically mastered, the number of fuel cell vehicles will be about 50,000, a number of hydrogen refueling stations will be deployed, and the hydrogen production capacity from renewable energy will reach 10-200,000 tons per year, and carbon dioxide emission reduction will be 100-2 million tons per year. By 2030, a relatively complete technological innovation system for the hydrogen energy industry, clean energy hydrogen production and a first-class system will be formed to strongly support the realization of the goal of carbon peaking. By 2035, a diversified application ecology of hydrogen energy will be formed, and the proportion of hydrogen produced from renewable energy in final energy consumption will be significantly increased. (Zhongxin Jingwei app).
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