Chengdu Huaqi Houpu Holding Co Ltd

The National Energy Administration recently released the China Hydrogen Development Report 2026, disclosing that China's completed and operational renewable energy-based hydrogen production capacity exceeded 250,000 tonnes per year in 2025, more than doubling from the previous year, while national hydrogen production capacity surpassed 51 million tonnes per year. Data disclosed in the same week showed that investment in China's hydrogen sector grew by more than 160 percent year on year in the first half of 2026, leading among energy sub-sectors. Commentary noted that the 15th Five-Year Plan outline identifies hydrogen energy and fusion energy as one of six future industries, and the 15th Five-Year Plan for building a new energy system proposes reaching 2 million tonnes per year of renewable hydrogen production by 2030, about seven times the current target. Institutional research reports believe that during the 15th Five-Year Plan period, green hydrogen demand will reach 2.4 million to 4.3 million tonnes per year, and policy, cost, demand and capital are resonating together for the first time, pushing the hydrogen industry into large-scale application, with the entire industry chain's output value expected to exceed 1 trillion yuan. Related A-share concept stocks include Houpu Clean Energy and Sifang Automation.