HK Stock Market Move | Some hydrogen concept stocks are active, SINOHYTEC (02402) rose more than 4%, GUOFUHEE (02582) rose more than 3%.

Partial hydrogen concept stocks are active. As of the time of writing, SINOHYTEC (02402) rose by 4.11% to 24.8 Hong Kong dollars; GUOFUHEE (02582) rose by 3.41% to 32.1 Hong Kong dollars; JINGCHENG MAC (00187) rose by 2.46% to 4.16 Hong Kong dollars. On the news front, the National Energy Administration held a press conference on January 30th. Deputy Director of the Energy Conservation and Technology Equipment Department, Bian Guangqi, stated that by the end of 2025, China's renewable energy hydrogen production projects will have a cumulative capacity of over 250,000 tons/year, achieving a doubling compared to the previous year. During the "14th Five-Year Plan" period, the National Energy Administration will collaborate with relevant departments such as the National Development and Reform Commission, strengthen industrial planning leadership, increase policy support, advance core technology research, promote hydrogen energy pilot projects, improve the standard certification system, deepen international exchange and cooperation, and vigorously nurture the future hydrogen energy industry. CITIC SEC's previous research report pointed out that during the "14th Five-Year Plan" period, driven by policies, hydrogen energy is expected to gradually enter the industrialization stage. With the construction of zero-carbon factories and zero-carbon parks, the market size of green hydrogen and hydrogen-based green fuels is expected to gradually expand. New application scenarios will drive the growth of the green hydrogen industry chain and electrolyzer equipment demand. Investors who have positioned themselves early in hydrogen-based green energy projects are also expected to benefit from the pre-industrial development premium.