Hong Kong stock concept tracking | AI data centers see a surge in electricity demand! Institutions suggest focusing on these targets (including concept stocks)

The essence of AI competition is a competition of computing power, and the foundation of computing power is stable and massive electricity supply. As a result, the demand for electricity for AI data centers is skyrocketing at an unprecedented rate. Recently, the CEO of Saudi Aramco said that by 2030, the power consumption of data centers may reach three times that of the global electric vehicle fleet. It is worth noting that on Monday, Eastern Time, the leading solid oxide fuel cell company Bloom Energy surged, becoming the focus of the market. What triggered the market excitement was a collaboration plan of up to $5 billion announced jointly with the global top asset management company Brookfield. The two parties will work together to design and deploy SOFC power generation solutions for AI factories on a global scale. With the rapid advancement of large models such as ChatGPT and Sora, the power consumption of global data centers has become a "power glutton". Data from the International Energy Agency shows that by 2024, global data center power consumption will account for 1.5% of global total electricity consumption, and this proportion may double by 2030. More surprisingly, OpenAI's ChatGPT consumes about 2.9 degrees per response, and its daily power consumption is equivalent to the total electricity consumption of 20,000 American households. Goldman Sachs recently released a report stating that the most critical barrier to unleashing the potential of artificial intelligence is not capital, but power. Goldman Sachs predicts that by 2027, global data center power demand will increase by 50%, with 60% of the growth requiring additional capacity to meet demand; by 2030, data center power demand will increase by 160%. To break through the power bottleneck, it is necessary to develop new energy sources such as CECEP Solar Energy and wind energy comprehensively, and actively embrace nuclear power. In China, in recent years, the country has accelerated the construction of a new power system, continuously optimized its energy structure, and a series of landmark projects and innovative achievements have emerged, achieving the target of CECEP Solar Energy wind power total installed capacity of 1.2 billion kilowatts by 2030 more than six years ahead of schedule. The latest data from the National Energy Administration shows that as of the end of August this year, the country's cumulative installed power generation capacity reached 3.69 billion kilowatts, an increase of 18.0% year-on-year. Among them, the installed power generation capacity of CECEP Solar Energy reached 1.12 billion kilowatts, an increase of 48.5% year-on-year; the installed power generation capacity of wind power reached 580 million kilowatts, an increase of 22.1% year-on-year. Recently, China announced a new round of national voluntary contributions. By 2035, the proportion of non-fossil energy consumption in total energy consumption will reach more than 30%, and the total installed capacity of wind power and CECEP Solar Energy by 2030 to be 6 times that of 2020, striving to reach 3.6 billion kilowatts. The "14th Five-Year Plan" period is a critical five years for the construction of a new power system and breakthroughs. Relevant enterprises are also accelerating their layout. Wen Shugang, Chairman of China Huaneng Group Co., Ltd., said, "During the 14th Five-Year Plan period, China Huaneng's new energy installed capacity achieved a historic breakthrough of 100 million kilowatts, doubling in scale in five years. The "15th Five-Year Plan" will push forward the construction of the Shagou wasteland mega base, promote deep-sea offshore wind power development, and promote electricity-carbon synergy, electric-hydrogen synergy, and electric-heat synergy to meet the energy needs of the whole society with clean energy. The power source end is greener, and the power grid should also be more resilient. Pang Xiaogang, General Manager of State Grid Corporation of China, said that in the past five years, the company has invested an average of 574 billion yuan annually, and it is expected to reach 677 billion yuan by 2025. It is expected that the average annual investment in the power grid during the "15th Five-Year Plan" period will further increase from the relatively high level of the "14th Five-Year Plan" period. Galaxy Securities pointed out that during the "15th Five-Year Plan" period, thermal power is expected to enhance its supply guarantee and regulation value. Individual stock recommendations focus on DATANG POWER, Jointo Energy Investment, among others. After the comprehensive entry of new energy into the market, it will test the operating capabilities of power plants. Companies with regional and cost advantages are favored. Individual stock recommendations include China Longyuan Power Group Corporation, China Three Gorges Renewables, Fujian Funeng, Zhongmin Energy, among others. Hydropower has attractive dividend yields in a low-interest-rate environment. Individual stock recommendations include China Yangtze Power, Sichuan Chuantou Energy, among others. Nuclear power focuses on medium to long-term installation flexibility. Individual stock recommendations include China National Nuclear Power, CGN Power Co., Ltd. Related concept stocks CHINA RES POWER (00836): CHINA RES POWER (00836) announced that in August 2025, the total electricity sales volume of its subsidiary power plants reached 2073.34 million MWh, an increase of 8.9% year-on-year. Among them, the electricity sales volume from its wind farms was 297.79 million MWh, an increase of 19.4%; the electricity sales volume from its photovoltaic power stations reached 100.22 million MWh, an increase of 30.1%. In the first eight months of 2025, the cumulative electricity sales volume of its subsidiary power plants reached 144 million MWh, an increase of 5.9% year-on-year. Among them, the cumulative electricity sales volume of its wind farms reached 3227.22 million MWh, an increase of 13.2% year-on-year; and the cumulative electricity sales volume of its photovoltaic power stations reached 616.62 million MWh, an increase of 33.2% year-on-year. HUADIAN POWER (01071): On August 28th, Huadian Power International Corporation released its interim results for the six months ending June 30, 2025, with total operating revenue of RMB 59.953 billion, a decrease of 8.98% year-on-year; net profit attributable to the owners of the parent company was RMB 3.904 billion, an increase of 13.15% year-on-year; basic earnings per share of 0.33 yuan, and intends to distribute an interim dividend of 0.09 yuan per share (tax included). The decrease in operating income in this reporting period was mainly due to a decrease in power generation, lower electricity prices, and optimization of the coal trading business model. CHINA POWER (02380): CHINA POWER (02380) announced that the group's total electricity sales volume in August 2025 was approximately 11.7215 million MWh, an increase of 4.78% compared to the same month last year, and the total electricity sales volume for the first eight months of 2025 was approximately 86.8013 million MWh. CGN POWER (01816): In late August, UBS released a research report stating that CGN POWER (01816) is in a favorable position in accelerating the deployment of small modular reactors (SMRs) in China and may benefit in the long run from the development of nuclear fusion technology. Benefiting from breakthroughs in nuclear energy technology, the rating was upgraded from "sell" to "neutral," and based on cash flow discounting rate, the target price was raised from HK$2.3 to HK$3.4.