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Yihuatong opened up more than 5% in early trading, as the company recently announced the acquisition of equity in Xuyang Hydrogen Energy.
Yihuatong (02402) opened more than 5% higher in the morning. As of the time of writing, the stock price has risen 1.52%, currently at HKD 26.65, with a trading volume of HKD 2.8396 million. Recently, Yihuatong announced plans to acquire 100% equity of Danzhou Xuyang from Xuyang Group through the issuance of its A-shares and to raise matching funds.
In March, the shipping volume of power Batteries is expected to grow significantly, Goldman Sachs: Battery sales are "strongly correlated" with stock prices.
Goldman Sachs found that since 2024, the shipment volume of Batteries has shown a high correlation with the stock performance of companies like Contemporary Amperex Technology and Hunan Yupower. According to ICCSino's data, the shipment volume of China's power battery Industry in March is expected to exceed market expectations, with a month-on-month growth of 15%. Goldman Sachs believes that this strong monthly growth expectation further solidifies their determination of the cyclical recovery in the Industry.
CHINA RISUN GP (01907) focuses on leading players in the downstream sector to promote equity cooperation, streamline the hydrogen Industry Chain, and accelerate the layout of green hydrogen.
CHINA RISUN GP intends to subscribe for the A-shares that Yihuatong is planning to issue using the high-quality hydrogen energy Assets of its hydrogen energy flagship, indicating a strong alliance between the two parties, with deeper implications worth pondering.
Hong Kong stock movement | Yihua Tong (02402) rises over 6% again, with annual revenue declining and losses widening. The company recently announced the acquisition of 100% equity in Dingzhou Xuyang.
Yihuatong (02402) has risen over 6% again, as of the time of writing, up 5.95%, priced at 29.4 Hong Kong dollars, with a trading volume of 8.9856 million Hong Kong dollars.
Yihuatong: Yihuatong 2024 Annual Performance Report Announcement
Yihuatong 2024 Annual Results Report Announcement