GUOFUHEE Surges Nearly 15% Intraday as Hami Tonghuide Places 150 Million Yuan Green Hydrogen Equipment Order

Deep News

Aug 19, 2025

GUOFUHEE (02582) surged nearly 15% during early trading, and as of press time, the stock price increased 7.57% to HK$73.20, with trading volume reaching HK$130.1 million.

GUOFUHEE announced that its wholly-owned subsidiary Guofu Mingzhi has entered into a 100-megawatt 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 common auxiliary equipment.

The announcement stated that this cooperation marks an important milestone for the company in the large-scale application of electrolysis hydrogen production technology in China's northwest industrial sector. Based on Hami region's abundant renewable energy resources such as wind and photovoltaic power, this represents a long-term strategic plan for the integration of hydrogen energy and metallurgical industries, and represents the company's first comprehensive green electricity hydrogen production metallurgical solution in the green metallurgy field.

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