China’s Pure-players of Hydrogen Equipment Reported Huge Losses in 2025
Among China’s major hydrogen equipment manufacturers, four of them have been listed in Great China equity markets- Guofu Hydrogen, REFIRE, SinoHytec, and Sinosynergy. As of April 30, all these four companies have released their annual report of 2025. Through their financial performance and management discussion section, we could analyze this sector in a quantitative and objective manner.
1. Guofu Hydrogen