Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H (9663) AI Stock Analysis

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H

(HKEX:9663)

Select Model

Rating:40Underperform

Price Target:HKD 1.50▼(-16.67% Downside)

Action:downgraded

Date:09/12/26

Weak financial performance driven by persistent losses and cash burn is the primary factor lowering the score, followed by poor valuation due to negative earnings and bearish technical indicators showing the stock below key moving averages.

Positive Factors

Hydrogen technology focusA focused position across China’s hydrogen fuel-cell industry chain gives the company exposure to a structural energy-technology market and multiple application areas. Its combination of systems, components, and technical services could support broader customer relationships as commercialization develops.

Negative Factors

Persistent revenue contractionThree consecutive years of declining revenue indicate weakening scale and demand momentum rather than a single-period setback. Continued contraction can reduce operating leverage, limit reinvestment capacity, and make it harder for the company to absorb fixed costs across its fuel-cell business.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H (9663) vs. iShares MSCI Hong Kong ETF (EWH)

Market Cap: HKD 711.91M
Dividend Yield: ―
Average Volume (3M): 118.19K
Price to Earnings (P/E): -1.8
Beta (1Y): 0.17
Revenue Growth: -17.40%
EPS Growth: -20.73%
Country: Hong Kong
Employees: 303
Sector: Industrials
Sector Strength: 63
Industry: Electrical Equipment & Parts

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Specializing in the hydrogen fuel cell sector, Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. conducts research, development, production, and sales of hydrogen fuel cell stacks and systems. Founded by Xiao Min Chen on June 30, 2015, the...

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Financial Statement Overview

Summary

Persistent net losses, declining revenue, and weak cash flow from operations are major concerns, partially offset by a solid balance sheet with growing equity and low debt-to-equity ratio.

Income Statement

15Very Negative

Balance Sheet

65Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	294.64M	292.11M	442.44M	700.62M	748.48M	457.14M
Gross Profit	-42.91M	-69.69M	40.03M	175.75M	158.80M	127.53M
EBITDA	-310.70M	-371.96M	-294.11M	-347.27M	-230.55M	-634.94M
Net Income	-437.56M	-471.26M	-407.18M	-404.45M	-273.42M	-703.08M
Balance Sheet
Total Assets	3.78B	4.11B	4.66B	4.86B	3.42B	2.39B
Cash, Cash Equivalents and Short-Term Investments	1.25B	1.23B	1.33B	1.61B	730.76M	711.82M
Total Debt	445.52M	507.68M	589.47M	370.46M	324.60M	578.43M
Total Liabilities	1.40B	1.59B	1.68B	1.47B	1.12B	869.01M
Stockholders Equity	2.30B	2.45B	2.97B	3.37B	2.30B	1.52B
Cash Flow
Free Cash Flow	101.18M	-78.86M	-528.07M	-405.95M	-515.46M	-957.08M
Operating Cash Flow	273.64M	42.77M	-476.02M	-247.18M	-261.27M	-704.53M
Investing Cash Flow	-115.30M	-185.85M	-129.28M	-1.08B	-446.60M	-231.62M
Financing Cash Flow	-124.13M	-87.37M	307.64M	1.21B	713.89M	1.04B

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Technical Analysis

Technical Analysis SentimentNegative

Last Price1.80

Price Trends

50DMA2.19Negative

100DMA2.47Negative

200DMA3.36Negative

Market Momentum

MACD-0.14Positive

RSI41.03Neutral

STOCH61.11Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9663, the sentiment is Negative. The current price of 1.80 is below the 20-day moving average (MA) of 1.98, below the 50-day MA of 2.19, and below the 200-day MA of 3.36, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 41.03 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9663.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Peers Comparison

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

HK:9663 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HK:2722	68Neutral	HKD 5.18B	4.69	10.15%	9.59%	19.90%	67.16%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HK:1133	63Neutral	HKD 25.02B	6.47	18.22%	3.58%	13.48%	55.89%
HK:9663	40Underperform	HKD 724.79M	-1.80	-18.40%	―	-17.40%	-20.73%
HK:0187	40Underperform	HKD 4.14B	-44.23	-12.38%	―	-0.61%	-2515.00%
HK:1597	39Underperform	HKD 1.04B	-27.59	-17.77%	―	-3.60%	23.71%
HK:2582	38Underperform	HKD 404.08M	-0.86	-32.61%	―	―	―

* Industrials Sector Average

Performance Comparison

HK:9663 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
HK:9663	Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H	1.80	-3.31	-64.77%
HK:2722	Chongqing Machinery & Electric Co. Ltd. Class H	1.44	-0.25	-14.94%
HK:1133	Harbin Electric Co. Ltd. Class H	11.36	-1.87	-14.10%
HK:0187	Beijing Jingcheng Machinery Electric Co Ltd Class H	2.38	-2.28	-48.93%
HK:1597	China Nature Energy Technology Holdings Limited	4.00	1.44	56.25%
HK:2582	Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. Class H	3.70	-45.96	-92.55%

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H Corporate Events

Sino-Synergy Narrows Interim Loss as Hydrogen Player Trims Costs Amid Flat Revenue

Aug 27, 2026

Sino-Synergy Hydrogen Energy Technology reported interim revenue of RMB57.6 million for the six months to 30 June 2026, a slight 2.2% decline year-on-year, while gross profit improved to RMB3.7 million from RMB3.1 million. The company remains loss-ma...

Sino-Synergy to Review Interim Results and Consider Dividend at August Board Meeting

Aug 17, 2026

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd., a hydrogen energy technology company listed in Hong Kong, has announced that its board of directors will convene on 27 August 2026. The meeting will review and approve the unaudited consoli...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 12, 2026

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H AI Stock Analysis