Guosheng Securities: AI computing power creates electricity gap; under the gas turbine boom cycle, the domestic industrial chain welcomes development opportunities.

Guosheng Securities research report states that AI computing power driving accelerated global data center expansion has made North America's power supply bottleneck prominent, with gas turbines becoming the core on-site power supply solution. The global gas turbine industry has entered a high-prosperity cycle, and against the backdrop of long-term industry downturn, supply-demand mismatch is significant. China's domestic gas turbine industry chain has achieved breakthroughs at multiple points, with manufacturers at various stages deeply integrating into the global supply system. Under this round of global gas turbine demand expansion cycle, domestic manufacturers at various stages of the industry chain with technological and cost advantages are expected to fully benefit from the industry's prosperity dividend.