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Exciting news! Sichuan Ally Hydrogen Technology Co., Ltd. has been awarded the prestigious title of National-Level Specialized and Innovative "Little Giant" Enterprise for 2024 after rigorous evaluations. This honor recognizes our 24 years of outstanding achievements in innovation, technical expertise, and product excellence within the hydrogen production field. 

With the increasing stringency of eligibility criteria and a shrinking pool of qualified candidates, the approval rate for the sixth batch of "Little Giant" enterprises was only 20%, a significant drop compared to previous years. By 2024, the total number of National-Level Specialized and Innovative "Little Giant" Enterprises in China has reached 14,703.

Key Features of the Selection Process  

1. Low Approval Rate: 

Compared to 4,357 enterprises in the fourth batch and 3,671 in the fifth batch, the sixth batch includes fewer recognized enterprises. The approval rate was only 20.08%, reflecting a declining trend in recognition numbers.

2. Stringent and Fair Evaluation:

This year's evaluation criteria were stricter and emphasized fairness. Key data, such as financial information and intellectual property, were cross-verified with national databases to ensure authenticity.

3. Accurate Segmentation:

Recognized enterprises had their core products aligned with key national priority areas such as "six foundational industries," "manufacturing powerhouse," and "cyber powerhouse" sectors. 

Characteristics of Selected Enterprises

1. High R&D Investment:

   - On average, these enterprises invest 10.4% of their revenue in R&D.  

   - They hold an average of 16 high-level patents.  

   - Each enterprise has participated in the development of 1.2 international, national, or industry standards.  

   This demonstrates their strong commitment to technological innovation and leadership within their respective industries.

2. Deep Expertise in Niche Markets:

   - The enterprises have been operating in their respective niche markets for an average of over three years, with 70% having more than 10 years of industry experience.  

   - They serve as indispensable pillars in strengthening, enhancing, and complementing industrial supply chains.

3. Sustained Growth Potential:

   - Over the past two years, these enterprises have achieved an average annual revenue growth rate of more than 20%.  

   - This highlights their robust development trajectory, strong future potential, and promising market prospects.

Ally Hydrogen's Commitment to Excellence

Receiving the National-Level Specialized and Innovative "Little Giant" title reaffirms Ally Hydrogen's dedication to pursuing specialization, refinement, and innovation. Looking ahead, the company will continue to explore advancements in hydrogen production technology and applications, aligning closely with China’s high-quality development strategy for the hydrogen industry. By benchmarking against world-class hydrogen research platforms, Ally Hydrogen aims to build a sustainable, long-term growth foundation, actively contributing to the development of China's hydrogen industry and creating a globally competitive corporate brand.

*"Specialized and Innovative" refers to small and medium-sized enterprises (SMEs) that excel in specialization, refinement, uniqueness, and innovation. The "Little Giant" designation represents the highest level of recognition in SME evaluation, granted by the Ministry of Industry and Information Technology (MIIT) of China. These enterprises are acknowledged for their focus on niche markets, strong innovation capacity, high market share, mastery of critical technologies, and superior quality and efficiency.