Citic sec research reports indicate that the construction of a new electrical utilities system is promoting a continued positive trend in grid investment. In 2025, further developments are expected around the main grid and distribution stages, promoting balanced investment growth. Grid investment is expected to maintain a growth rate of 10% in 2025. There is a bullish outlook on the sustained growth momentum of leading quality enterprises in the electrical utilities equipment industry during the economic cycle, with a suggestion to position strategically during the key window period before and after the grid investment plan is announced.