CITIC Securities: Green Development receives high-level attention again, acceleration of green hydrogen industry can be expected.

Guosen Securities' research report stated that in recent high-level meetings and announcements have set the tone for China's green development goals for the next year. China will adhere to the "dual carbon" leadership, promote comprehensive green transformation, deepen energy conservation and carbon reduction in key industries, expand the application of green electricity, and cultivate new growth points such as hydrogen energy and green fuels. We believe that during the "14th Five-Year Plan" period, the focus of green electricity development will gradually shift from incremental construction to construction and expansion of application scenarios. Green hydrogen and hydrogen-based green fuels, as the link between green electricity and energy conservation and carbon reduction in key industries, are expected to receive policy support and achieve accelerated development.