FAQ

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Dear Secretary of the Board: What stage has the company's hydrogen energy project reached? The company focuses on R&D and production of core fuel cell components. When will this business generate profits?
Dear investors, the company's hydrogen energy business is still in the initial stage, with low overall market orders and limited operating revenue, so it has not turned profitable yet. Affected by multiple factors such as policies, technologies and market conditions, the development of this project has certain uncertainties. Thank you for your attention.
Hello, Secretary: May I ask if the frequent reduction of holdings by the company's executives, major shareholders, and second-largest shareholders indicates concerns about the company's prospects? Does shareholder reduction indicate that the company's development has reached its ceiling? What does the company think about the current stock price? What price does the listed company think is reasonable for its stock? How to prevent market value erosion? Thank you.
Dear investor, hello. The main reason for the company's shareholders' reduction of holdings is their own capital needs. The company has always operated with the values of honesty, passion, innovation, and results first, and maintains a sense of urgency in the fierce market competition, continuously consolidating and strengthening its various businesses, focusing on building its core value, and maintaining stable performance growth. In the future, the company's directors, supervisors, and senior management will continue to do a good job in all aspects of management as always, continuously enhance the company's core value, and reward investors with excellent performance. Thank you for your attention.
Dear Secretary of the Board! According to public information disclosed on the stock exchange, the company holds 61% equity in Hydrogen Qihui New Energy, while the annual industrial and commercial report shows the company holds 93.85% equity. What accounts for this difference? Thank you!
Dear investors, the increase in the company's shareholding ratio in Hydrogen Qihui New Energy is a passive change caused by the withdrawal of some partners of Hydrogen Qihui New Energy, aiming to better promote the development of the hydrogen energy business. Thank you for your attention.
Hello, Secretary! The company's market value has been hovering at a low level for more than four years and is currently only about 2 billion yuan. Many ST stocks in the A-share market have a market value far exceeding this. Recently, the company's major shareholders and executives have frequently reduced their holdings. Is there any major uncertainty that has not been publicly disclosed? Or is there any suspicion of stock price manipulation behind this? The valuation of the company's hydrogen energy business, including holding subsidiaries and equity investments, is worth more than 2 billion yuan. Does it mean that the major shareholders are not optimistic about the company's future development? Are those hydrogen energy businesses just a way to fool investors? Please answer each question carefully, thank you!
Dear investor, hello. The company strictly complies with the provisions of the "Company Law," the "Securities Law," and the "Shanghai Stock Exchange Stock Listing Rules" in fulfilling its information disclosure obligations. Currently, the company's operations are normal, and there is no major uncertainty that has not been publicly disclosed, nor are there any matters that should have been disclosed but have not been. The purpose of the major shareholders' reduction is mainly for their own capital needs. As an important long-term development strategy, the company will actively promote the industrial application of hydrogen energy-related products and reward investors with excellent performance. Thank you for your attention.
Dear Secretary of the Board! The 2023 annual report does not mention the progress of the hydrogen energy project at all. Has the company cancelled its hydrogen energy layout? Thank you!
Dear investors, the company's hydrogen energy business has not been cancelled. For details, please refer to chapters such as Core Competitiveness and Business Plans in the company's annual report or subsequent relevant announcements. Thank you for your attention.
Hello, Secretary: According to records, there have been nearly 10,000 block trades in the company in the past year! The most recent one on December 13 had a high premium rate of over 15%! What does the company think about its own stock price? What measures are being taken to stabilize the market value? Do the major shareholders have any intention of selling all their shares? Thank you!
Dear investor, hello. As far as the company knows, the recent reduction by shareholders was due to personal capital needs. The company has always operated with the values of honesty, passion, innovation, and results first, and maintains a sense of urgency in the fierce market competition, continuously consolidating and strengthening its various businesses, focusing on building its core value, and maintaining stable performance growth. In the future, the company's directors, supervisors, and senior management will continue to do a good job in all aspects of management as always, continuously enhance the company's core value, and reward investors with excellent performance. Thank you for your attention.
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