On March 4, it was reported that hydrogen energy stocks in the Hong Kong stock market surged across the board. As of the time of writing, $JINGCHENG MAC (00187.HK)$soared by over 55%, with its share price reaching HKD 7.12. $GUOFUHEE (02582.HK)$ rose nearly 16%, with its share price at HKD 36.9. In addition, $SINOHYTEC (02402.HK)$ increased by more than 16%, $REFIRE (02570.HK)$ 、 $DONGFANG ELEC (01072.HK)$ and other multiple stocks collectively followed the upward trend.
On the news front, Yunnan Province recently released Several Measures to Promote the Consumption of Green Power in Yunnan Province. It proposed a subsidy of up to CNY 13 per kilogram for eligible green hydrogen projects. The policy also encourages local governments to plan integrated projects involving green hydrogen, ammonia, and methanol as well as sustainable aviation fuel (SAF) to meet the carbon reduction needs of the refining and chemical industries. Additionally, Zhang Guoqiang, a national people’s representative and chairman of Yi Huatong, recommended conducting demonstrations on hydrogen-powered highways and promoting the scaled development of fuel cell vehicles.
CITIC Securities published a research report stating that this subsidy is unprecedented and will significantly improve the profitability of local green hydrogen and green fuel projects. It also enhances market expectations for nationwide hydrogen energy support policies. The report suggests paying attention to green hydrogen-ammonia-methanol project investors and operators as well as electrolyzer manufacturers. Shenwan Hongyuan also noted that considering green hydrogen costs as the primary raw material cost for green methanol, this green hydrogen subsidy is expected to significantly enhance the economic feasibility of hydrogen-ammonia-methanol projects, accelerating industrial development.
Editor/Rice
