公用事业行业《关于推动中长期资金入市工作的实施方案》点评：中长期资金入市加快，看好公用事业配置价值

Investment Rating - The report suggests a focus on high-dividend sectors within the public utility industry, particularly emphasizing water, hydropower, nuclear power, and gas sectors, indicating a positive investment outlook for quality assets with stable returns [3]. Core Insights - The public utility sector in China has a high proportion of state-owned enterprises (SOEs), with SOEs accounting for approximately 80% of the total installed capacity in the power generation industry as of the end of 2023, which is 1.243 billion kilowatts in total [3]. - The deepening of SOE reforms is expected to attract more medium to long-term capital, enhancing the overall strength of SOE listed companies in terms of asset quality, profitability, and management levels [3]. - The report highlights that the year 2025 marks the completion of the SOE reform deepening action plan, which includes measures such as restructuring, market value management, and accelerating the layout of strategic emerging industries [3]. Summary by Sections - Installed Capacity: As of the end of 2023, the total installed capacity of all listed companies in the public utility sector is 1.243 billion kilowatts, with state-owned enterprises holding 990 million kilowatts [3]. - Investment Strategy: The report recommends focusing on high-dividend stocks in the public utility sector, particularly mentioning companies like Changjiang Electric Power, Guotou Power, China General Nuclear Power, and China National Nuclear Power [3]. - Market Outlook: The report anticipates that the ongoing SOE reforms will enhance the competitiveness of SOEs, thereby attracting more long-term investment [3].