---
title: "The fixed asset investment of the two networks surged in the first quarter, focusing on the investment value of the power grid equipment ETF E Fund (560390)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282182623.md"
description: "As of the market close, the Hang Seng China A Power Grid Equipment Index fell by 0.5%. The State Grid and the Southern Power Grid saw significant growth in fixed asset investment in the first quarter, with the State Grid completing nearly 130 billion yuan, a year-on-year increase of 37%; the Southern Power Grid completed 38.45 billion yuan, a year-on-year increase of 49.5%. The investment growth rate far exceeded market expectations, marking the start of a strong investment cycle for the \"14th Five-Year Plan\" in the power grid sector, with intensive commencement of ultra-high voltage projects, increased order visibility for power grid equipment companies, and an upward trend in the economic cycle"
datetime: "2026-04-09T11:03:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282182623.md)
  - [en](https://longbridge.com/en/news/282182623.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282182623.md)
---

# The fixed asset investment of the two networks surged in the first quarter, focusing on the investment value of the power grid equipment ETF E Fund (560390)

As of the market close, the Hang Seng A Power Grid Equipment Index fell by 0.5%.

In the first quarter, both the State Grid and the Southern Power Grid saw significant growth in fixed asset investment, with the State Grid completing nearly 130 billion yuan, a year-on-year increase of 37%, and the Southern Power Grid completing 38.45 billion yuan, a year-on-year increase of 49.5%. The investment growth rate of the two grids in the first quarter far exceeded market expectations, marking the official start of a strong cycle of grid investment during the 14th Five-Year Plan. The construction of ultra-high voltage projects has intensified, and the bidding volume for the main grid has significantly increased year-on-year, leading to a continuous improvement in order visibility for power grid equipment companies, with the prosperity cycle clearly trending upward.

Daily Economic News

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