Understanding the Market | SUN.KING TECH rose over 14% in the afternoon, with flexible transmission projects expected to ramp up. The company is a leading supplier of domestic power transmission and distribution components

SUN.KING TECH rose over 14% in the afternoon, and as of the time of writing, it was up 11.86%, trading at HKD 13.3, with a transaction volume of HKD 87.667 million. On the news front, UBS's latest report shows that the bank is more optimistic about the demand for China's power market, predicting that from 2028 to 2030, China's power demand will grow by 8%, double the previous forecast, which is beneficial for capital expenditures on power equipment and grids starting next year. Zhongtai International pointed out that the ultra-high voltage projects during the 14th Five-Year Plan period will mainly use flexible transmission technology. SUN.KING TECH is a leading supplier of domestic power distribution components, with sufficient orders on hand and steadily increasing related revenue. In addition, the 14th Five-Year Plan suggests promoting future industries such as nuclear fusion energy as new economic growth points. It is reported that on September 8, SUN.KING TECH's Swiss subsidiary Astrol announced a collaboration with an innovative company in the nuclear fusion field, which will use Astrol's power switch solutions to control the current in cutting-edge nuclear fusion systems. This new order further demonstrates Astrol's leading technology in the field of nuclear fusion power electronics