Jiangsu Guofu Hydrogen Energy Equipment is a leading hydrogen energy storage and transport equipment manufacturer in China. The Group develop and manufacture hydrogen energy core equipment used in the entire industrial value chain of hydrogen energy, which consists of its production, storage, transportation, refueling and use. The Group is strategically located in the Yangtze River Delta, with convenient access to the ports thereof, which have abundant supply chain resources.
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The Group currently provide four types of hydrogen energy equipment products to its customers, which include: (i) vehicle-mounted high-pressure hydrogen supply systems and related products; (ii) equipment for hydrogen refueling stations and related products; (iii) equipment for hydrogen liquefaction and the storage and transportation of liquid hydrogen; and (iv) water electrolysis hydrogen production equipment and related products. The Group’s customers primarily consist of fuel cell system integration providers, vehicle manufacturers, domestic energy companies, city bus operating companies.
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The Group ranked first in terms of sales amount of vehiclemounted high-pressure hydrogen supply systems in China in 2023, with a market share of 23.6%. The Group ranked first in terms of sales amount of vehicle-mounted high pressure hydrogen storage cylinders in China in 2023, with a market share of 26.2%. The Group generated a majority of its revenue from vehicle-mounted high pressure hydrogen supply systems and related products and equipment for hydrogen refueling stations and related products.