GUOFUHEE Shares Surge Over 8% on Dual Domestic and International Project Wins

Stock News
04/08

GUOFUHEE (02582) rose more than 8%. As of the time of writing, the stock was up 8.4% to HK$26.06, with a turnover of HK$34.08 million. The increase follows company announcements regarding new business contracts. On April 6, 2026, the company entered into a sales agreement (Sales Agreement A) with its associate, GF Hydrogen Africa Sarl, for the supply of a 20MW hydrogen production system at a price of $6.2 million. Separately, on March 30, 2026, the company signed another sales agreement (Sales Agreement B) with an independent third party, Guangdong Yuntao Hydrogen Energy Technology Co., Ltd., for the provision of no less than five hydrogen refueling stations and related installation services, valued at RMB 32.05 million. Morocco is a key market for green hydrogen in Africa, and this project is significant for the group's international expansion. Prior to signing Sales Agreement A, GUOFUHEE had already delivered a hydrogen production system for research and educational purposes to Morocco, gaining recognition in the local market. Through Sales Agreement B, the collaboration links equipment manufacturing capabilities from the Yangtze River Delta region with policy support and end-market opportunities in the Pearl River Delta, promoting cross-regional synergy between two major hydrogen industry clusters and supporting the development of the Guangdong-Hong Kong-Macao Greater Bay Area hydrogen corridor.

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