---
title: "In \"The Big Bank,\" Credit Lyonnais expects the Tibet dam project to drive at least 15 billion RMB in equipment demand, benefiting mechanical stocks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249353907.md"
description: "The Lyon Research Report pointed out that China is building the Yarlung Tsangpo River Dam in Tibet, with an expected investment of 1.2 trillion yuan. The annual equipment demand will reach 15 to 20 billion yuan, driving a 2 to 3% growth in the machinery industry. This project will provide growth momentum for machinery stocks, with target prices for NARI-TECH and JSHL set at 27 yuan and 87 yuan, respectively, both rated as \"outperform the market.\""
datetime: "2025-07-21T08:01:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249353907.md)
  - [en](https://longbridge.com/en/news/249353907.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249353907.md)
---

# In "The Big Bank," Credit Lyonnais expects the Tibet dam project to drive at least 15 billion RMB in equipment demand, benefiting mechanical stocks

The Lyon Research Report indicates that China has announced the construction of the Yarlung Tsangpo River Dam on the Tibetan Plateau, with a planned power generation capacity of 300 billion kilowatt-hours, equivalent to three times that of the Three Gorges Dam. The project is expected to have an investment amount of 1.2 trillion yuan (the same below), and the bank estimates it will drive an annual equipment demand of 15 to 20 billion yuan, accounting for a 2 to 3% growth in the 600 billion yuan construction machinery market size.

The bank stated that although a single project has historically struggled to sustain the development of the machinery industry, considering that the current industry is in a recovery phase, coupled with rising replacement demand and a low sales base last year, it is expected that the commencement of this unprecedented dam project will provide clearer growth momentum for machinery stocks. The bank currently gives NARI-TECH (600406.SH) a target price of 27 yuan, and JSHL (601100.SH) a target price of 87 yuan, both rated as "outperform the market."

### Related Stocks

- [601100.CN](https://longbridge.com/en/quote/601100.CN.md)
- [600406.CN](https://longbridge.com/en/quote/600406.CN.md)

## Related News & Research

- [Ping An schedules interim results webcast presentation](https://longbridge.com/en/news/295775568.md)
- [Stocks See Support from Favorable PPI Report](https://longbridge.com/en/news/295811826.md)
- [Energisa closes sale of transmission assets for R$ 1.64 billion](https://longbridge.com/en/news/295710088.md)
- [Nampak director Fullerton executes share collar hedge valued at R16 million](https://longbridge.com/en/news/295792017.md)
- [PNE: Liquids drove over 50% of revenue as CapEx rises to accelerate drilling in proven inventories](https://longbridge.com/en/news/295823528.md)