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Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) has issued an update.
Beijing SinoHytec reported preliminary 2025 figures showing total operating revenue of RMB262.1 million, a 28.5% year-on-year decline, as the company continued to face pressure in its core hydrogen and fuel cell business. Net loss attributable to shareholders widened to RMB628.3 million, with basic loss per share deepening to RMB2.71 and weighted average return on net assets falling to negative 27.91%.
The company’s balance sheet also weakened, with total assets down 21.7% to RMB3.74 billion and equity attributable to shareholders dropping 21.4% to RMB2.01 billion, while net assets per share fell to RMB8.37. The unaudited preliminary data indicate a deterioration in profitability and capital base, suggesting sustained operational headwinds for SinoHytec and heightened risks for investors pending the release of its full 2025 annual report.
More about Beijing SinoHytec Co., Ltd. Class H
Beijing SinoHytec Co., Ltd. is a China-based company listed in Hong Kong that operates in the hydrogen energy and fuel cell sector, focusing on the research, development and production of fuel cell systems and related technologies. Its market positioning is tied to the development of new-energy and hydrogen-powered applications, where it aims to capture growth in clean transportation and industrial decarbonisation trends.
Average Trading Volume: 1,562,301
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.19B
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