SINOHYTEC

SINOHYTEC closed at HKD 13.40, up 3.80%, staging a low-to-high rally from the morning low of HKD 12.92, touching an intraday high of HKD 13.63 in the afternoon session before paring gains. The rally was primarily catalyzed by the National Energy Administration's statement on promoting hydrogen pilot projects and cultivating future industries during the '14th Five-Year Plan' period. Financially, Q1 2026 operating revenue jumped 67.69% YoY to HKD 18.9 million, while net loss narrowed 41.9% to HKD 57.87 million, indicating improving operational trends. However, the stock remains 73.2% below its 52-week high of HKD 50, down 35.01% YTD, and trades below both the 20-day (HKD 13.921) and 60-day (HKD 17.582) moving averages. The company had previously delayed publishing its 2025 results and warned of a wider annual loss, weighing on sentiment.