To The Moon

CH ENERGY ENG (03996) saw its shares rise more than 4% during the trading session. As of the time of writing, the stock was up 3.48%, trading at HK$1.19 with a turnover of HK$104 million. On the news front, the State Grid recently stated that during the 15th Five-Year Plan period, the company's fixed asset investment is projected to reach 4 trillion yuan, a 40% increase compared to the 14th Five-Year Plan period. It also plans to enhance system regulation capabilities, optimize the layout of pumped storage sites, support the large-scale development of new energy storage, and improve the operational support and grid integration capacity for new energy. Institutional analysis suggests that leading players in power construction are set to benefit. CH ENERGY ENG possesses a series of key core technologies and standard specifications, including ultra-supercritical secondary reheat power generation, million-kilowatt large-scale hydropower units, conventional islands for third and fourth-generation nuclear power, high-voltage AC/DC power transmission, hydrogen production, storage and transportation, pumped storage, electrochemical energy storage, 300MW compressed air energy storage, and gravity energy storage. The company's price-to-book (P/B) ratio of 0.95 times is at the 41st percentile over the past decade.