Guofu Hydrogen Energy (02582)'s gross profit increased by about 161.5% year-on-year in the first half of the year, and the liquid hydrogen strategy achieved a phased breakthrough

According to the Zhitong Finance App, Guofu Hydrogen Energy (02582) announced its 2026 interim results, with total revenue of about 104 million yuan and gross profit of about 2.5 million yuan, an increase of about 161.5% over the previous year.

During the reporting period, the company achieved a phased breakthrough in its liquid hydrogen strategy. Liquid hydrogen storage and cryogenic equipment has moved from the technology research and development stage to the commercial application stage. Liquid hydrogen storage, transportation and filling related equipment has made positive progress in market-based applications. The first domestically produced 10-ton hydrogen liquefaction equipment already has large-scale production conditions, and demonstration projects for liquid hydrogen transportation across regions are progressing in an orderly manner. At the same time, the optimization of the business structure has achieved remarkable results. The water electrolysis and hydrogen production business has entered a substantial return period. The revenue contribution rate is close to 60%, and the gross profit level has increased significantly. Demand for green hydrogen equipment at home and abroad is growing, providing incremental support for the Group's revenue.

Judging from the performance, the company was still in a phased loss in the first half of 2026, but the loss structure was substantially different from the same period last year. Exchange losses, increased R&D investment, and tax factors were the main causes of current losses. The company believes that this impact is due to necessary costs during the investment period for innovation, development and transformation, and not due to deterioration in fundamentals. With the release of the hydrogen energy policy and the gradual expansion of the company's core business, the company's development trend is expected to continue to improve.