Fuel Cell Series 7: Overseas Fuel Cell Company

Ballard Power Systems: leader in PEM fuel cells. Since 1983, the company has been committed to the development and manufacture of fuel cells. It has become the global leader in proton exchange membrane fuel cell technology and the world's largest proton exchange membrane fuel for design, development, production, sales and service. Battery company. The company's operating income in 2015 was US$56.463 million, a year-on-year decrease of 17.84% and a gross profit margin of 18%. In 2015, the net loss was 6.574 million US dollars, and the loss decreased by 77.66%. At present, Ballard's PEM fuel cell products include three forms: fuel cell stacks, fuel cell modules and fuel cell systems. From the point of view of the company's sub-profits in 2015, the largest proportion of operating income is the fuel cell technology solution service provided by the company, amounting to US$22.625 million, accounting for 40%. In the specific product application, the heavy-duty power plant increased by nearly 133% year-on-year, and it is close to the material handling equipment with the largest profit contribution, while the telecom backup power supply has shrunk considerably. At the same time, because the company acquired Protonex for $30 million in the second half of 2015, the portable power supply was included in the company's product puzzle. In 2015, the company brought in $3.398 million in revenue and improved profitability.

FuelCell Energy: Focus on fixed power supplies. The company has been selling commercial fixed-cell fuel cell power stations since 2003. It has become a world-leading fixed fuel cell manufacturer integrating design, production, sales, installation, operation and technical services. The products are mainly used for distributed generation. In 2015, the company's operating income was 163.077 million US dollars, down 9.5% year-on-year, gross profit margin was 7.83%, and the net profit attributable to the company's common shareholders was -325.59 million US dollars. The company specializes in the Direct FuelCell (DFC) fuel cell power station product line. From the perspective of itemized income, DFC power station product sales have always been the company's main revenue source. Since 2013, it has seen a significant increase. In 2015, its revenue was 1,285.95 million US dollars, accounting for 78.9% of the company's total revenue. The current profitability of technical services is relatively low, and there is still much room for improvement. By the end of 2015, the company has annual production capacity of 100MW, 100MW and 20MW DFC power plants in the US, Asia (Korea) and Europe, respectively, and is expanding its production capacity of 100MW annual capacity in North America.

Prager Energy Ltd.: fuel cell forklift faucet. The company is a global provider of integrated fuel cell systems for design, development, manufacturing and commercial sales. The company's development focus is on proton exchange membrane fuel cells and fuel processing technology. Currently, it focuses on the application of fuel cells in the field of material handling equipment, namely fuel cell forklifts. The company's technology in this field is a global leader with the largest share of the fuel cell forklift market. The company's 2014 results ushered in a significant increase, operating income increased by 140% year-on-year, mainly driven by forklift sales orders. In 2015, revenue continued to rise, breaking through 100 million US dollars, an increase of 60.8%. However, due to the high cost, the company's gross profit margin has been negative for the past five years, and its net profit has been at a loss. In 2015, the company's common stock net loss was 55.795 million US dollars, and the loss decreased by 37.06%. The company's flagship product is GenDrive for forklifts. As of 2015, it has sold more than 10,300 pieces, which is the company's main business and profit source. In the past three years, sales have maintained growth. In 2015, shipments reached 3,431, a year-on-year increase of 42.6%. Among them, Wal-Mart's order-driven is the most important source of revenue. In 2015, the revenue from Wal-Mart accounted for 56.7%.