东吴证券：供给宽松 燃气公司成本优化

Group 1 - The core viewpoint of the report indicates that supply is easing, gas companies are optimizing costs, and the pricing mechanism is being adjusted while demand is increasing [1] Group 2 - The report suggests focusing on companies that benefit from cost reduction and volume increase in urban gas distribution, specifically recommending China Resources Gas and China Gas [1] - It highlights the release of overseas gas sources and recommends companies with quality long-term contracts, flexible scheduling, and long-term cost advantages, such as Shenzhen Gas and Fuzhou Gas [1] - The report notes the decline in the ten-year government bond yield and suggests paying attention to high dividend stocks, recommending Kunlun Energy and New Horizon Energy [1]