Changes in Hong Kong stocks | Hydrogen energy concept stocks rose in the afternoon, and the five major hydrogen energy city clusters were recently approved, and the subsequent industry is expected to evolve in depth

The Zhitong Finance App learned that hydrogen energy concept stocks rose in the afternoon. As of press release, Yihuatong (02402) rose 19.90% to HK$12.47; Guofu Hydrogen Energy (02582) rose 15.76% to HK$5.105; and Beijing Electromechanical (00187) rose 2.87% to HK$2.685.

According to the news, recently, China officially approved five urban agglomerations to launch comprehensive hydrogen energy application pilot projects, which means that China's hydrogen energy industry is starting a new chapter in large-scale development. These five urban agglomerations include 2 urban agglomerations with fuel cell vehicles as the main scenarios, namely the Beijing-Tianjin-Hebei region and the Greater Bay Area; 3 urban agglomerations with the industrial sector as the main scene, namely the Northeast-Yangtze River Delta, the Xinjiang-Chengdu and Chongqing Shuangcheng Economic Zone, and the Yellow River Zizi - Central Plains.

Changjiang Securities released a research report saying that looking ahead to the “15th Five-Year Plan,” the hydrogen energy industry is expected to evolve further towards large-scale and commercialization. There is no significant increase in the total central government budget compared to the “14th Five-Year Plan”, which does not mean that support has declined. The main reason is that the hydrogen energy industry chain has clearly reduced costs over the past five years; moreover, the industry also has support such as CCER, free highways, and various purchase and operation subsidies to help the industry transition from the beginning to affordability. The government work report emphasizes the cultivation of hydrogen energy and green fuels, and hydrogen energy itself is about to enter the stage of large-scale cost reduction.