HK Stock Market Move | CH ENERGY ENG (03996) rose more than 4% in midday trading. State Grid is planning to invest 4 trillion yuan in power infrastructure during the 14th Five-Year Plan period. Institutions are optimistic about the benefits to leading companies in the electricity construction industry.

CH ENERGY ENG (03996) rose more than 4% during the day, as of the time of publication, it had risen 3.48% to HK$1.19, with a turnover of HK$1.04 billion. On the news front, in recent days, State Grid Corporation of China stated that the company's fixed asset investment during the "14th Five-Year Plan" period is expected to be 4 trillion yuan, an increase of 40% compared to the "13th Five-Year Plan". At the same time, it will enhance its system regulation capabilities, optimize the layout of pumping and storage sites, support the large-scale development of new energy storage, improve the support for the operation of new energy and grid connection integration levels. Guotai Haitong believes that the leading power construction companies will benefit from this. China Energy Engineering Corporation has mastered a series of key core technologies and standard specifications such as ultra-supercritical secondary reheating power generation, million kilowatt large hydropower units, third and fourth generation nuclear power conventional islands, high-voltage AC/DC transmission, hydrogen production storage and transportation, pumped storage, electrochemical energy storage, 300MW compressed air energy storage, and gravity energy storage, with a PB 0.95 times close to 10 years percent rank 41%.