CITIC Securities: The wind power sector's performance in the short term in the 14th Five-Year Plan period is releasing, with strong support from both sea demand in the medium and long term.

CITIC Securities research report pointed out that looking ahead to the "14th Five-Year Plan" period, with the tilt of new energy investment and construction towards wind power, domestic offshore wind planning is full. We expect domestic wind power installations to continue to maintain high prosperity; at the same time, the pace of overseas wind power construction is accelerating, and it is expected to reach a peak in construction from 2026. Domestic wind power companies are expected to meet overseas demand with product advantages and cost-effectiveness. We suggest grasping the investment direction of components and materials related to benefiting from the release of dual-sea demand: blade molds, blade links, hub castings, and carbon fiber.