Analysis of the Strong Performance of Hopu Co., Ltd. (300471): Hydrogen Business Drivers and Market Prospects

This analysis is based on tushare_strong_pool data [0]. Hopu Co., Ltd. (300471) recently entered the strong stock pool. As an integrated solution provider for clean energy refueling equipment [1], the company performed actively in the fuel cell sector in 2025, with a stock price increase of about 8.9% [0]. Key driving factors include breakthroughs in solid-state hydrogen storage technology, orders of over 50,000 hydrogen-powered two-wheelers [2], expansion into the South American market [0], and full industrial chain layout [1], and it is listed as a leader in hydrogen energy equipment by multiple research reports [5].

Hopu Co., Ltd. was founded in 2015 and listed on the GEM of the Shenzhen Stock Exchange in June 2015 [3]. Its main business is R&D, production, and sales of natural gas and hydrogen energy equipment [1]. In 2025, the company had an increase of about 8.9% in the fuel cell sector [0], showing a fluctuating upward trend. In terms of business, the company achieved breakthroughs in solid-state hydrogen storage technology and entered the South American market for the first time [0], and has full industrial chain service capabilities from hydrogen production, storage to refueling in the hydrogen energy field [1]. In emerging businesses, orders for hydrogen-powered two-wheelers in cooperation with Qinglv Technology and others have exceeded 50,000 [2], becoming a new growth point. At the market level, the company is listed as a leader in hydrogen energy equipment by multiple research reports, and its attention continues to rise [5].

1. Policy support for the hydrogen energy industry and growing market demand drive the company’s performance [4].
2. Breakthroughs in solid-state hydrogen storage technology open up international market space for the company [0].
3. Emerging segments such as hydrogen-powered two-wheelers are expected to become important growth engines in the future [2].

• Risks
  : The development of the hydrogen energy industry faces risks of policy implementation falling short of expectations and technology iteration [4]; intensified market competition may affect profit margins [0].
• Opportunities
  : The expansion of the global hydrogen energy industry brings international market opportunities [1]; the volume of the domestic hydrogen-powered two-wheeler market is expected to drive order growth [2]; the bottoming out and recovery of industrial chain prices are conducive to the improvement of the company’s profitability [4].

As a leading enterprise in hydrogen energy equipment, Hopu Co., Ltd. performed strongly in 2025 relying on technical advantages and full industrial chain layout. Breakthroughs in solid-state hydrogen storage technology and expansion of emerging businesses lay the foundation for the company’s long-term development, but attention should be paid to changes in industry policies and competition. This analysis only provides information for reference and does not constitute investment advice.