Brief Introduction

As the pioneer of China's hydrogen energy industry, Beijing SinoHytec Co., Ltd. (SinoHytec), which was founded in 2012, has been focusing on the R&D and industrialization of hydrogen fuel cell engine technology. The company is committed to working out better hydrogen energy solutions.

SinoHytec has already developed a vertically integrated system of products and service, which includes hydrogen fuel cell engine as a core product. It also covers components such as bipolar plates,stacks, vehicle controllers, test equipment and solutions for fuel cell laboratories, etc. As a company with many years of experience of product development, SinoHytec has participated in the research and demonstration projects of fuel cells in the national "863 Program", "973 Program" and "National Key Research and Development Program". A professional service team has been established through these events.

In terms of industrialization, the company has cooperated with Foton, Yutong, Zhongtong, Sunlong, Higer, Sinotruk, BAIC and other enterprises to jointly launch a series of products such as buses, logistics vehicles, passenger cars, and trams.

The company mainly focuses on its fuel cell business with several major cities such as Beijing, Shanghai, Zhangjiakou, Chengdu and adopts the “city to region radiation” development model to promote the local ecological construction of hydrogen energy industry.

In the future, the company will continue to focus on innovation of hydrogen fuel cell engine technology, and work with partners to lead the hydrogen fuel cell vehicle development in China.

Company Overview

Full name Beijing SinoHytec Co., Ltd.
Abbreviations Sinohytec
Code 688339
Founded 2012.07.12
Listing 2020.08.10
Domicile Beijing
Website www.sinohytec.com
Email sinohytec@autoht.com
STAR Theme High-end Equipment&New Energy
CSRCSector Manufacturing
Has weighted voting rights structure? N/A

Financials

Highlights

  2019 2018 2017
Earnings Per Share 1.25 0.50 0.66
R&D expenditure as a % of operating revenue 23.34% 13.40% 12.44%
Operating Revenue 553.62 368.47 201.22
Net Income 45.91 17.44 27.43

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 553.62 368.47 201.22
Operating Costs 303.82 183.07 108.06
Operating Income 20.80 15.79 33.65.
Pretax Income 42.79 20.50 31.37
Income Tax -3.12 3.06 3.94
Net Income 45.91 17.44 27.43

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 1180.57 809.93 644.67
Non-current Assets-Total 502.89 404.98 242.20
Total Assets 1683.46 1214.91 886.87
Liabilities
Current Liabilities-Total 448.29 349.68 171.07
Non-current Liabilities-Total 88.96 112.25 34.43
Total Liabilities 537.25 461.93 205.50
Stockholder's Equity
Share Capital 52.87 46.56 46.56
Retained Profits 116.60 56.28 33.16
Total Owners' Equity 1146.21 752.99 681.37

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating -169.97 -78.54 -168.91
Net Cash Flows-Investing -163.14 -109.84 -27.27
Net Cash Flows-Financing 402.66 95.67 350.16

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
张国强 13.26 18.81%
北京水木扬帆创业投资中心(有限合伙) 2.86 4.05%
西藏康瑞盈实投资有限公司 2.80 3.97%
东旭光电科技股份有限公司 2.56 3.64%
北京水木长风股权投资中心(有限合伙) 2.10 2.98%
张禾 2.00 2.84%
国创高科实业集团有限公司 1.71 2.43%
北京水木国鼎投资管理有限公司-南宁水木愿景创业投资中心(有限合伙) 1.45 2.06%
清华大学教育基金会 1.30 1.84%
共青城万事达投资管理合伙企业(有限合伙) 1.28 1.82%
30 Jun 2020

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