CSC Financial: Firmly Optimistic About the Overseas Expansion of Domestic Gas Turbines

```htmlAccording to Golden Ten Data on July 7, a research report by China Securities Construction Investment stated a firm optimism regarding the overseas expansion of domestic gas turbines. On the demand side: Siemens Energy's latest conference call further reinforces the high prosperity of gas turbines, with the company raising its annual average demand forecast for the gas turbine industry in the coming years to about 110–120GW (previously 90–100GW), and clearly stating that no demand slowdown is currently observed. On the supply side: the company stated that industry players are expanding production very rationally, and the expansion of industrial gas turbines cannot change the market's supply-demand imbalance. In the medium to long term, when capacity, efficiency, and total lifecycle cost become more important than short-term availability, industrial gas turbines cannot replace large-scale gas turbines. Additionally, the company pointed out that in data center and hyperscale cloud vendor projects, short delivery times are a scarce resource and can command higher premiums. China Securities Construction Investment believes: Corrections do not change the medium-term tight balance of the gas turbine market.```