CITIC Securities: "15th Five-Year Plan" for Energy Released, Investment Outlook Positive.

CITIC Securities research report pointed out that recently, the National Development and Reform Commission and the National Energy Administration issued the "Thirteenth Five-Year Plan for the Construction of a New Energy System"; on June 26, the State Council Information Office held a press conference, which showed that during the "Thirteenth Five-Year Plan" period, China's energy key projects and new formats will maintain a steady growth trend, with a total scale expected to exceed 20 trillion yuan. During the "Thirteenth Five-Year Plan" period, China's major energy projects and high-end equipment demand are expected to maintain steady growth, and in terms of technological progress, it is suggested to focus on directions such as green fuels and electricity-algorithm cooperation, with good prospects for leading companies' domestic demand.