According to the research report issued by Huatai Securities, the company remains upbeat about three significant trends: the concurrent increase in both demand and prices within the overseas gas turbine market, the internationalization of China's domestic supply chain, and the spillover effects in gas turbine demand. On one front, China's domestic light-duty gas turbines now boast independent intellectual property rights and have achieved self-sufficiency in thermal component production, paving the way for Chinese gas turbines to make significant inroads into overseas markets. On the other front, traditional backup power systems and marine internal combustion engines can serve as primary power solutions during periods of electricity scarcity, highlighting the substantial potential for China's internal combustion engines and their associated industrial chains to expand their presence on a global scale.
