According to the Wisdom Finance APP, Tianneng Power (00819) rose more than 4%, up 3.84% to HKD 5.68 with a turnover of HKD 20.05 million as of the time of writing.

On the news front, on June 19th, the Ministry of Industry and Information Technology issued a notice to further strengthen the standardized management of the lithium-ion battery industry, promote high-quality development of the industry, and to revise the "Requirements for Lithium-ion Battery Industry Standards" and the "Procedures for Management of Lithium-ion Battery Industry Normative Notices" in accordance with changes in industry development, trends in technological upgrading, and relevant work arrangements. Among them, it is clearly stated that enterprises should reduce the manufacturing of projects that simply expand production capacity, and instead strengthen technological innovation, improve product quality, and reduce production costs.

According to Caitong Securities' research report, on June 14, State Grid Corporation of China opened bids for pre-service projects for two flexible and direct transmission lines, and it is expected that there will be 4 DC and 3 AC landings by 2025. It is important to pay attention to the incremental demand for valve converters and GIS equipment, as external orders of Henan Pinggao Electric grew by 130%, and the industry is in a confirmed upward trend, with domestic power battery sales soaring year on year in May, prices of batteries starting to stabilize and even increase, especially for consumer and storage batteries, and price hikes are brewing for materials, indicating the industry is undergoing an upward trend.