Zhongzi Technology (688737.SH) released an announcement stating that the company recently received notification from Chengdu Xinyan Hydrogen Energy Technology Co., Ltd. (...)
Zhiyitong Finance APP reported that Zhongzi Technology (688737.SH) announced that the company recently received a development notification from Chengdu Xinyan Hydrogen Energy Technology Co., Ltd. ("Xinyan Hydrogen Energy") for three models of fuel cell engines. The company will become the designated development supplier for catalysts for these three fuel cell engines. In response to the designated development of the catalysts for these three fuel cell engines, the company will strictly follow the customer's requirements and complete the development, testing and validation, production preparation, and delivery of the specified model products within the stipulated time.
This customer's designated notification is beneficial for the expansion and sustainable development of the company's hydrogen fuel cell catalyst business, and may have a positive impact on the company's future performance, aligning with the interests of the company and shareholders. The development notification does not constitute an order or sales contract, and it is expected that this project will not have a significant impact on the company's operating performance for this year. After the mass production of the products involved in this development designation, the company will recognize product revenue based on the actual order delivery situation of this customer, and it is expected that there will be a positive impact on the company's operating performance over the project lifecycle.
