Benefiting from the rise in industry sentiment, many listed companies in the power equipment industry chain reported good results. According to Choice data, as of April 16, 84 companies in the power equipment sector had disclosed their 2023 results. Of these, 60 companies had increased their net profit, accounting for more than 70%, and 14 companies, including Pinggao Electric, Changgao Electric, and Zhongyuan Co., Ltd., had doubled their performance. Looking forward to the future, many companies believe that with the combined efforts of overseas demand and domestic investment, the scale and growth rate of power grid investment may increase further, and the power equipment sector is expected to maintain a high level of prosperity. (Shanghai Securities Report)
电网建设提速、产业订单饱满，超七成电力设备公司去年实现业绩增长
Grid construction is speeding up and industrial orders are plentiful. Over 70% of power equipment companies achieved performance growth last year
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