Some hydrogen energy concept stocks were active in trading. At the time of writing, Sinohytec (02402) rose 4.11% to HK$24.8; Guofuhee (02582) increased by 3.41% to HK$32.1; JINGCHENG MAC (00187) advanced 2.46% to HK$4.16. On the news front, the National Energy Administration held a press conference on January 30. Bian Guangqi, Deputy Director of the Department of Energy Conservation, Science and Technology Equipment, stated that by the end of 2025, the cumulative installed capacity of China's renewable energy hydrogen production projects is expected to exceed 250,000 tons per year, representing a doubling of growth compared to the previous year. During the "16th Five-Year Plan" period, the National Energy Administration will collaborate closely with the National Development and Reform Commission and other relevant departments to strengthen industrial planning guidance, increase policy support, enhance core technology research and development, promote hydrogen energy pilot projects, improve standard certification systems, deepen international cooperation, and vigorously cultivate the future industry of hydrogen energy. A previous research report from CITIC Securities pointed out that during the "16th Five-Year Plan" period, driven by policies, hydrogen energy is expected to gradually enter the industrialization stage. Fueled by the construction of zero-carbon factories and zero-carbon industrial parks, the market scale for green hydrogen and hydrogen-based green fuels is anticipated to expand progressively. New application scenarios are set to drive growth in the green hydrogen industry chain and demand for electrolyzer equipment. Investors who have strategically positioned themselves in hydrogen-based green energy projects early on are also likely to benefit from product premiums during the initial phases of the industry's development.