Jingu Finance News | The trend of electric power equipment stocks is strong, with NE Electric (00042) up 11.54%, Shanghai Electric Group (02727) up 7.55%, Goldwind Science & Technology (02208) up 2.58%, Harbin Electric (01133) up 2.32%.

National Energy Administration released the national electricity industry statistics for January to September, with a year-on-year investment growth rate in power grid projects exceeding 20%. By the end of September, the cumulative installed power generation capacity in the country is approximately 3.16 billion kilowatts, a year-on-year increase of 14.1%.

Sinolink Securities stated that in terms of overseas markets, the orders signed in 2023 for electrical transformers, high-voltage switches, and asia vets smart meters are expected to enter the concentrated delivery stage; domestically, ultra high pressure and substation projects are facing intensive bidding, direct current projects are being delivered successively, and there is room for improvement in out-of-network new energy + industrial sectors, reiterating the anticipated opportunities in both domestic and overseas markets. The bank recommends three major strategic directions: overseas expansion of electrical equipment, ultra high pressure line and main grid construction, and distribution network transformation & out-of-network.