The Zhitong Finance App learned that Huaan Securities released a research report stating that China Airlines (03931.HK) continues to invest in high-rate energy storage and data center power supplies. On October 29, the Global Ecology Conference launched a 120AH high-power battery cell and 768kW energy storage product solution for AIDC, further extending it to high-power and high-reliability power supply scenarios. The investment proposal in 2026 will mainly benefit from the introduction of new domestic models and share growth. In 2027, overseas designated passenger vehicles and energy storage projects will enter the expansion period, and profit levels will continue to rise. At the same time, considering consumption tax transmission, the company is expected to achieve net profit of 22.9/55.7/8.17 billion yuan in 2026-2028 (previous value was 30.6/67.1/9.69 billion yuan), corresponding to PE10/4/3x, maintaining a “buy” rating and maintaining key recommendations.

The Zhitong Finance App learned that Huaan Securities released a research report stating that China Airlines (03931.HK) continues to invest in high-rate energy storage and data center power supplies. On October 29, the Global Ecology Conference launched a 120AH high-power battery cell and 768kW energy storage product solution for AIDC, further extending it to high-power and high-reliability power supply scenarios. The investment proposal in 2026 will mainly benefit from the introduction of new domestic models and share growth. In 2027, overseas designated passenger vehicles and energy storage projects will enter the expansion period, and profit levels will continue to rise. At the same time, considering consumption tax transmission, the company is expected to achieve net profit of 22.9/55.7/8.17 billion yuan in 2026-2028 (previous value was 30.6/67.1/9.69 billion yuan), corresponding to PE10/4/3x, maintaining a “buy” rating and maintaining key recommendations.