On August 10, Beijing SinoHytech Technology Co., Ltd. (“SinoHytech”) was listed on the Sci-tech Innovation Board (Stock Code: 688339), which was invested by Nanning Mizuki Vision Venture Capital Investment Center (L.P.), a sub-fund for regional cooperation  under ZGC Collaborative Innovation Fund. 

SinoHytech is known as “the first share of hydrogen energy in China”. With its initial public offering prices as￥76.65, the shares closed at ￥187.12, rocketing 144.12 per cent on the first day of trading. SinoHytech’s market value is ￥13.192 bn based on the closing price. The fund is expected to obtain a high yield on investment.

As a high-tech enterprise focusing on R&D and industrialization of hydrogen-fuel-cell engine system, SinoHytech’s ambition is to be one of the world’s leading suppliers of hydrogen-fuel-cell engine. With its own IP rights, SinoHytech takes the lead in localization of engine system and fuel cell stacks. Its products are now mainly used in passenger cars, logistics vehicles and other commercial models.