Super engineering construction + stable growth plan, the power equipment industry prepares for more orders.

The world's strongest transmission capacity, most advanced technology, and largest investment in flexible DC transmission projects - the Tibetan-Guangdong DC project has started construction, bringing market attention back to the power grid sector that is currently in the midst of intensive investment and construction. The construction of the ultra-high voltage project can directly drive market demand for core components such as cables, transformers, converter stations, and insulation equipment. The total investment of the Tibetan-Guangdong DC project is 53.2 billion yuan, and the supporting "hydro-wind-solar" power sources will exceed 150 billion yuan, which means that many power equipment companies will gradually receive order opportunities. The latest "Stable Growth Plan for the Electric Power Equipment Industry" specifies multiple quantitative growth targets, including maintaining an average annual revenue growth rate of around 6% for traditional power equipment from 2025 to 2026. Several listed companies stated in interviews with reporters that the power grid investment has remained high this year, and there is also a significant demand for power equipment in overseas markets. The new policies provide clear quantitative targets for industry growth, which is expected to help further drive the industry's development. In the process of accelerating the construction of a new type of power system, companies will further focus on core products, enhance control over the industrial chain, and continue to strive from being domestically leading to internationally leading.