Citic Securities research reports indicate that the National Development and Reform Commission and six other departments have issued the "Guiding Opinions on Vigorously Implementing the Action Plan for Renewable Energy Substitution", promoting the substitution of renewable energy for traditional energy, and explicitly proposing requirements such as safe substitution, overall coordination of supply and demand, diversified substitution, and innovative substitution. It specifically mentions the important role of hydrogen energy in achieving diversified applications of renewable energy. We believe that the importance of hydrogen energy in replacing traditional energy with renewable energy has been further clarified, and the development speed of the hydrogen energy industry is expected to further increase.