Shanxi Meijin Energy delays hydrogen base project completion

Shanxi Meijin Energy (SZSE:000723) announced the postponement of its "Meijin Hydrogen Energy Headquarters Base Phase I" project, extending the estimated completion date from June 2025 to June 2026. The company attributes the delay to design modifications, functional adjustments, and other external factors. The project received CNY 3,556,637,735.85 in net proceeds from the issuance of convertible bonds. While the project's implementation entity and investment details remain unchanged, the company cautions investors about potential risks associated with the evolving hydrogen energy market. The board and supervisors have approved the delay.