Intelligence Pass APP learned that electric power stocks rose today. As of press time, CGN Power (01816) rose 4.81% to HKD 3.27; China Suntien Green Energy (00956) rose 4.25% to HKD 3.8; Huaneng Power International, Inc. (00902) rose 2.05% to HKD 5.47; Huadian Power International Corporation (01071) rose 2.22% to HKD 5.07.

Changjiang Securities believes that the recent announcement by the National Energy Administration on "Notice on Doing a Good Job in the Consumption of New Energy and Ensuring High-quality Development of New Energy" indicates that it will accelerate the construction of supporting power grids for new energy projects and urge relevant units to cancel unreasonable measures to limit consumption. The multiple and clear attitudes undoubtedly once again confirm that the development of green energy, which we have long emphasized, will continue to enjoy strong policy support, and the short-term pressure faced by the industry does not need to be overly extrapolated.

The bank estimates that the subsequent water supply will continue to recover year-on-year and month-on-month, and that there will still be difficulties in coal price increases. Water and fire will resonate for performance, and investment value for thermal and hydro power will remain stable. In addition, the call for carbon neutrality and the market-oriented reform of the electric power industry will be a theme throughout the period of the "14th Five-Year Plan", and the intrinsic value of electric power operators will be comprehensively reassessed.