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Minsheng Securities: AIDC drives the demand for Electrical Utilities, and gas turbine Orders are abundant.
According to Takao Tsukui, an executive at Mitsubishi Power, a leading global gas turbine company, it is predicted that compared to the annual average sales of about 40GW of gas turbines from 2021 to 2023, the AIDC will drive annual Order growth by 50% to around 60GW from 2024 to 2026.
Wuxi Hyatech (688510.SH): has become a supplier for major domestic and international gas turbine companies such as USA's GE, China Aviation Engine, Longjiang Guanghan, and Pipeline Group.
On January 22, Gelonghui reported that Wuxi Hyatech (688510.SH) stated on the interactive platform that since its inception, the company has established a dual-driven strategic vision focusing on Aviation engines and gas turbines. The gas turbines equipped with the company's products are mainly applied in distributed Energy, offshore platforms, ship power, pipeline boosting, and other fields. It has now become a supplier for mainstream gas turbine companies such as GE in the USA, Aero Engine Corporation of China, Longjiang Guanghan, and Pipeline Group. In recent years, the company has continuously increased the depth of expansion in this field and has successfully introduced multiple research and development projects from gas turbine customers, with some product deliveries already achieved in 2024.
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