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CITIC Securities stated that the first set of domestic "Taihang 110" commercial units off the assembly line marks a further acceleration of China's commercialization process for heavy-duty gas turbines; the capital expenditure of global AI giants is increasing, driving the continuous rise in electricity demand for data centers, and gas turbines, as a stable and efficient power supply method, are expected to benefit fully. We continue to be optimistic about investment opportunities in the gas turbine industry's industrial chain support under the high prosperity of the industry.
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