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.

Presently, 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,intelligent DC/DCs, test equipment and solutions for fuel cell laboratories, etc. The new generation of hydrogen fuel cell engine with its own intellectual property right has met the national technical standard of fuel cell systems and achieved the international performance level. In addition, the self-developed full range of testing systems provide a complete solution to the fuel cell labs for many mainstream commercial vehicle OEMs.

Through many years of experience of product development, the company has undertaken a number of major fuel cell projects, e.g., National "863 Program" and the GEF demonstration project for The United Nations Development Programme (UNDP) as well as participated in several world-class demonstrations of fuel cell buses. A professional service team has been established through these events.

SinoHytec is also a pioneer and main promoter for the hydrogen industrialization. The company has consistently concentrated on the product development and innovation. Until now, it has cooperated with many companies such as Foton, Yutong, Zhongtong, Sunlong, Higer, Ankai, ZEV, Dongfeng, Sinotruk, Shacman, BAIC, GAC, Changan to jointly launch a full range of vehicles such as buses, logistic trucks, passenger cars, forklifts, trams, and the stationary power systems. The company has achieved substantial lead both on the number of OEM partners and vehicle models listed in the “Recommended Model Catalogue of New Energy Vehicle Promotion and Application” announced by the Ministry of Industry and Information Technology.

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
STAR Theme New Energy
CSRC Sector Manufacturing
Has weighted voting rights structure? N/A



  2020 2019 2018
Earnings Per Share -0.38 1.25 0.50
R&D expenditure as a % of operating revenue 22.02% 23.34% 13.40%
Operating Revenue 572.29 553.62 368.47
Net Income -32.57 45.91 17.44

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 572.29 553.62 368.47
Operating Costs 322.43 303.82 183.07
Operating Income -41.20 20.80 15.79
Pretax Income -42.33 42.79 20.50
Income Tax -9.76 -3.12 3.06
Net Income -32.57 45.91 17.44

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 2318.44 1180.57 809.93
Non-current Assets-Total 729.07 502.89 404.98
Total Assets 3047.51 1683.46 1214.91
Current Liabilities-Total 485.22 448.29 349.68
Non-current Liabilities-Total 140.53 88.96 112.25
Total Liabilities 625.76 537.25 461.93
Stockholder's Equity
Share Capital 70.50 52.87 46.56
Retained Profits 993.85 116.60 56.28
Total Owners' Equity 2421.75 1146.21 752.99

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating -229.50 -169.97 -78.54
Net Cash Flows-Investing -211.77 -163.14 -109.84
Net Cash Flows-Financing 1205.61 402.66 95.67

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%
UBSAG 1.32 1.87%
清华大学教育基金会 1.30 1.84%
31 Mar 2021

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