Hua Shang Energy surged more than 21%, with a total increase of over 73% so far this year.

Huashang Energy soared more than 21% to HK$0.45. So far this year, the stock has risen by more than 73%. On the news front, disruptions in Middle East supply pushed up oil prices, with the settlement price of the US WTI crude oil March contract rising by 2.9% last Friday. In addition, due to the impact of a widespread cold wave in the United States, heating demand surged and supply was hindered, causing the futures price of US natural gas to break through the $6 per million British thermal units barrier for the first time since 2022. Huashang Energy recently announced that, guided by the national "Fifteenth Five-Year Plan for National Economic and Social Development" and the national "Dual Carbon" strategy, taking into account actual operating conditions, and considering future macroeconomic environment, industry development trends, and the development stage of the company, it has formulated the "Future Five-Year Strategic Guidelines" to promote the company's strategic upgrade and achieve sustainable high-quality development. The guidelines mention that the company is committed to becoming a leading green energy and equipment service provider in China. Under the drive of a diverse range of scenes mainly centered around the maritime industry, the company aims to achieve dual-drive development of green energy and equipment manufacturing, integration development, and ultimately build integrated solutions capabilities of "technology + equipment + services".