GUOFUHEE (02582) continued its upward momentum with gains exceeding 4%. As of press time, the stock was up 4.18% to HK$73.5, with trading volume of HK$72.85 million.

On the news front, GUOFUHEE announced that its wholly-owned subsidiary Guofu Mingzhi has entered into a 100MW green electricity hydrogen production equipment sales agreement with Hami Tonghuide, with a total contract value exceeding 150 million yuan. Under the sales agreement, Guofu Mingzhi will supply the customer with 22 sets of 1,000 standard cubic meters per hour electrolyzers, gas-liquid processing equipment, green electricity hydrogen production control systems, safety detection systems, and auxiliary utility equipment.

The announcement noted that this cooperation marks an important milestone for the company in the large-scale application of electrolytic hydrogen technology in China's northwest industrial sector. Based on Hami region's abundant wind and solar renewable energy resources, this represents a long-term strategic plan for integrating hydrogen energy with the metallurgy industry, and constitutes the company's first comprehensive green electricity hydrogen production metallurgy solution in the green metallurgy field.