Changes in Hong Kong stocks | Guofu Hydrogen Energy (02582) rose more than 7%, and the company plans to spend up to HK$50 million to buy back hydrogen energy, increasing top-level attention

The Zhitong Finance App learned that Guofu Hydrogen Energy (02582) rose more than 7%. As of press release, it had risen 6.4% to HK$29.26, with a turnover of HK$82.492 million.

According to the news, Guofu Hydrogen Energy announced that the board of directors has decided that from the date of the announcement until the expiration of the general authorization to repurchase, the company will buy back the company's H shares from time to time on the Stock Exchange's open market, with a total repurchase limit of HK$50 million, depending on market conditions and the rules of the general authorization to repurchase. Furthermore, Guofu Hydrogen Energy joined hands with BTE and Hylium to develop a new hydrogen energy power supply circuit for global data centers.

Guojin Securities released a research report saying that the top level of attention paid to hydrogen energy increased in 25 years, and policies at the national level were frequent and set high standards. The biggest difference between hydrogen energy in the “15th Five-Year Plan” and the “14th Five-Year Plan” period is that policies are more urgent and infrastructure is more complete. In the second half of the energy revolution — decarbonization in the non-electricity sector, hydroammonia alcohol is indispensable as an important energy carrier, and the entire industrial chain ushered in great opportunities for development. The industry is still in the early stages of commercialization. It is mainly driven by policies, focusing on a direction where domestic and foreign resonance, strong demand certainty, and flexibility are high.