Super Engineering Construction + Stable Growth Plan: The Power Equipment Industry Prepares for More Orders

The world's strongest transmission capacity, most advanced technology, and largest investment scale flexible direct current transmission project—the Tibet-Guangdong DC project has started construction, drawing market attention back to the power grid sector, which is currently in a period of intensive investment and construction. The construction of ultra-high voltage projects can directly drive market demand for core components such as cables, transformers, converter stations, and insulation equipment. The total investment in the Tibet-Guangdong DC project reaches 53.2 billion yuan, with supporting "hydropower and wind power" sources exceeding 150 billion yuan, indicating that many power equipment companies will gradually welcome order opportunities. The recently issued "Power Equipment Industry Steady Growth Work Plan" proposes several quantitative growth targets, including maintaining an average annual revenue growth rate of around 6% for traditional power equipment from 2025 to 2026. Several listed companies stated in interviews that power grid investment has continued to show high prosperity this year, and there is also huge demand for power equipment in overseas markets. The new policy sets clear quantitative targets for industry growth, which is expected to help the industry develop further. In the process of accelerating the construction of a new power system, companies will further focus on core products and enhance control over the industrial chain, continuously striving from domestic leadership to international leadership