可再生能源消费最低比重目标的提出，有助于绿色氢氨醇提升在国内市场的需求

Investment Rating - The industry investment rating is "Outperform the Market" and is maintained [2] Core Viewpoints - The report highlights the introduction of minimum renewable energy consumption targets by the National Development and Reform Commission, which aims to alleviate the pressure of renewable energy consumption in the country [5][6] - The report emphasizes the need for expanding downstream demand to address the increasing curtailment of wind and solar energy, with utilization rates for wind and solar at 94.1% and 94.9% respectively from January to August 2025 [6] - The report suggests that the demand for green hydrogen and ammonia is expected to increase, driven by both domestic and international markets, and recommends focusing on companies like Goldwind Technology and Jidian Co., Ltd. [7] Summary by Sections Industry Overview - The closing index for the industry is 9661.64, with a 52-week high of 10428.72 and a low of 6107.84 [2] Renewable Energy Consumption Targets - The newly proposed targets include both electricity and non-electric consumption minimums for renewable energy, which encompass various forms of renewable energy utilization [6] - The government encourages key energy-consuming industries to enhance their renewable energy consumption ratios based on these targets [6] Investment Recommendations - The report advocates for a combination of policy tools to boost the demand for green hydrogen and ammonia, highlighting the alignment of chemical properties between renewable and coal-based hydrogen production [7]