Huayuan Securities: First gives New Energy Power (02688.HK) a "buy" rating. The privately owned national urban gas leader promotes privatization and industrial chain integration.

According to the Wise Finance APP, Huayuan Securities has released a research report stating that it has initiated coverage on Xinao Energy (02688.HK) for the first time with a "buy" rating. Xinao Energy, as a national urban gas enterprise, is achieving synergies with its parent company Xinao Group through privatization and integration. The company's natural gas business is stable, and its comprehensive energy and smart home business have growth potential. The progress of privatization process promotes the integration of the industrial chain.