On January 12, Beijing SinoHytec Co., Ltd. (SinoHytec, stock code: 02402. HK) was listed on the Hong Kong Stock Exchange and began trading, becoming the first hydrogen energy stock in Hong Kong. The IPO price was HK$60 per share, raising a net proceeds of HK$983 million.

Founded in 2012, SinoHytec is a pioneer in the R&D and industrialization of fuel cell systems in China, with the ability to design, develop and manufacture fuel cell systems including fuel cell stacks, core components. The company's products are mainly aimed at commercial applications such as buses and vans.

The listing was jointly sponsored by Guotai Junan Capital and Giraffe Capital.
Chungs Lawyers (in association with DeHeng Law Offices) and Beijing DeHeng Law Offices acted as Hong Kong legal counsel and PRC counsel to the issuer.
King & Wood Mallesons acted as Hong Kong and PRC counsel to the underwriters.
Moore Stephens CPA Limited provides audit services.
China Insights Industry Consultancy is an industry consultant.