According to the Huatai Securities Research Report, on August 3, 2026, the “Fifteenth Five-Year Plan for the Construction of New Power Systems” proposed maintaining the national new energy utilization rate at around 90%. For the first time in history, the new energy utilization rate is guided by region. In principle, the utilization rate of new energy in the first tier regions is not less than 95%, the second tier is not less than 90%, and the third tier is not less than 85%. The market generally believes that no inflection point can be seen as the weather fades away. Huatai Securities combined with the “15th Five-Year Plan” development plans of each province to quantitatively analyze new energy consumption solutions and trends. It believes that 2026 is likely to be the bottom of the landscape consumption. It focuses on new energy operators whose profits are at an inflection point, and continues to be optimistic about energy storage development.

According to the Huatai Securities Research Report, on August 3, 2026, the “Fifteenth Five-Year Plan for the Construction of New Power Systems” proposed maintaining the national new energy utilization rate at around 90%. For the first time in history, the new energy utilization rate is guided by region. In principle, the utilization rate of new energy in the first tier regions is not less than 95%, the second tier is not less than 90%, and the third tier is not less than 85%. The market generally believes that no inflection point can be seen as the weather fades away. Huatai Securities combined with the “15th Five-Year Plan” development plans of each province to quantitatively analyze new energy consumption solutions and trends. It believes that 2026 is likely to be the bottom of the landscape consumption. It focuses on new energy operators whose profits are at an inflection point, and continues to be optimistic about energy storage development.