Sunfly Intelligent Technology Co.Ltd(300423) reply to the concern letter: the entry of fuel cell engine supporting models into the catalogue is a phased progress

On February 18, Sunfly Intelligent Technology Co.Ltd(300423) (hereinafter referred to as ” Sunfly Intelligent Technology Co.Ltd(300423) “) replied to the attention letter previously issued by the Shenzhen Stock Exchange. Sunfly Intelligent Technology Co.Ltd(300423) believes that since the investment and layout of the hydrogen energy industry, the company has actively promoted relevant matters. This time, the supporting models of the subsidiary’s products have entered the catalogue of recommended models for the promotion and application of new energy vehicles issued by the Ministry of industry and information technology, which is a phased progress in the market expansion of the company’s fuel cell engine system.

According to the reply announcement of the attention letter, Sunfly Intelligent Technology Co.Ltd(300423) has 45 business personnel engaged in fuel cell engine related business, and has invested about 42 million yuan in fuel cell business, including the purchase of production and testing equipment, the purchase of raw materials and parts, and the paid sales and management expenses. Sunfly Intelligent Technology Co.Ltd(300423) believes that fuel cell vehicle is the field with the fastest industrialization process of hydrogen energy application. The company began the project research and development of fuel cell engine in the first quarter of 2021, and began to reserve technology and talents. The fuel cell engine launched by the company meets the demonstration index requirements specified by the state and meets the mainstream technical requirements of the market.

According to the data of China Automobile Industry Association, by the end of 2021, the number of fuel cell vehicles in China was 8921. Compared with the published promotion goals of fuel cell vehicles in Beijing, Shanghai and Guangdong fuel cell demonstration city clusters (by 2025, the promotion number of fuel cell vehicles in Beijing, Shanghai and Guangzhou will be more than 10000), Sunfly Intelligent Technology Co.Ltd(300423) believes that the fuel cell vehicle and engine business will maintain a growth trend. (Tan pengpeng)

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