Jingu Wealth News | Electric power equipment stocks collectively rose, Shanghai Electric Group (02727) rose by 24.73%, NE Electric (00042) rose by 3.77%, goldwind science& technology (02208) rose by 3.19%, Harbin Electric (01133) rose by 2.31%, dongfang electric corporation (01072) rose by 1.18%.

The National Energy Administration released national electricity industry statistics for January-September. By the end of September, the cumulative installed capacity of the national power generation was about 3.16 billion kilowatts, a year-on-year increase of 14.1%. Among them, the installed capacity of solar power generation was about 0.77 billion kilowatts, a year-on-year increase of 48.3%; the installed capacity of wind power was about 0.48 billion kilowatts, a year-on-year increase of 19.8%. From January to September, the average utilization of national power generation equipment was 2619 hours, a decrease of 106 hours compared to the same period last year. From January to September, the total investment in power generation projects of major power generation enterprises in the country was 595.9 billion yuan, a year-on-year increase of 7.2%. The investment in grid projects was 398.2 billion yuan, a year-on-year increase of 21.1%.

Soochow stated that this year, grid investment will increase by 8%, and the National Energy Administration has released a special plan for the construction of ultra-high pressure grids to facilitate the integration of new energy. Both domestic ultra-high pressure and new energy infrastructure and overseas new energy, AI, grid upgrades, and manufacturing industry reshoring are resonating in a big cycle of demand for electric power equipment domestically and abroad. Next year's growth is set to be sustainable, continuing to recommend leading companies in the directions of ultra-high pressure, going global, and flexibility.