ChinaAMC CSI Grid Equipment Thematic ETF

TBEA Responds to Profit Decline and Xinte Energy's Lower Valuation Compared to Peers

NARI-TECH released FY2025 annual earnings on April 29 After-Market BJT, actual revenue CNY 66.23 B (forecast CNY 65.38 B), actual EPS CNY 1.04 (forecast CNY 1.0358)

NARI-TECH released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 9.564 B (forecast CNY 9.757 B), actual EPS CNY 0.09 (forecast CNY 0.095)

TBEA released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 24.95 B (forecast CNY 26.44 B), actual EPS CNY 0.3614

Hongfa released FY2026 Q1 earnings on April 29 After-Market BJT, actual revenue CNY 5.108 B (forecast CNY 4.824 B), actual EPS CNY 0.3129 (forecast CNY 0.2627)

NARI-TECH released FY2025 Q4 earnings on April 29 After-Market (BJT), actual revenue CNY 27.65 B (forecast CNY 27.76 B), actual EPS CNY 0.4304 (forecast CNY 0.4234)

China XD released FY2026 Q1 earnings on April 27 During-Market (BJT), actual revenue CNY 5.524 B, actual EPS CNY 0.0676

SIEYUAN released FY2026 Q1 earnings on April 24 After-Market (BJT), actual revenue CNY 4.569 B (forecast CNY 4.356 B), actual EPS CNY 0.7 (forecast CNY 0.81)

ZTT released FY2025 earnings on April 24 After-Market (BJT), actual revenue CNY 52.5 B (forecast CNY 54.05 B), actual EPS CNY 0.851 (forecast CNY 0.9535)

ZTT released FY2025 Q4 earnings on April 24 After-Market (BJT), actual revenue CNY 14.53 B (forecast CNY 15.73 B), actual EPS CNY 0.1658 (forecast CNY 0.22)

ZTT released FY2026 Q1 earnings on April 24 Pre-Market (BJT), actual revenue CNY 13.14 B, actual EPS CNY 0.27

HTGD released FY2026 Q1 earnings on April 24 During-Market (BJT), actual revenue CNY 17.79 B (forecast CNY 15.3 B), actual EPS CNY 0.4563

HTGD released FY2025 Annual Earnings on April 24 After-Market (BJT), Actual Revenue: CNY 66.85 B (Forecast: CNY 69.21 B), Actual EPS: CNY 1.1 (Forecast: CNY 1.235)

HTGD released FY2025 Q4 earnings on April 24 After-Market (BJT), actual revenue CNY 17.23 B (forecast CNY 19.94 B), actual EPS CNY 0.123 (forecast CNY 0.35)

Hongfa to Release FY2026 Q1 Earnings on April 30 After-Market (BJT), Forecast Revenue CNY 4.824 B, EPS CNY 0.2627

NARI-TECH to Release FY2025 Earnings on April 30 After-Market (BJT), Forecast Revenue CNY 65.38 B, EPS CNY 1.0358

Jinpan Smart Technology released FY2026 Q1 earnings on April 23 After-Market (BJT), actual revenue CNY 1.523 B (forecast CNY 1.523 B), actual EPS CNY 0.25

TBEA to Release FY2026 Q1 Earnings on April 30 During-Market (BJT), Forecast Revenue CNY 26.44 B

NARI-TECH to Release FY2026 Q1 Earnings on April 30 Pre-Market (BJT), Forecast Revenue CNY 9.757B, EPS CNY 0.09

China XD FY2026 Q1 Earning Release on April 28 During-Market (BJT)

GRID

159320

159326

Wasion Americas, Inc. has announced a strategic partnership with Crytica Security, Inc. to enhance utility security at the grid edge. The collaboration will integrate Crytica's RDAi™ technology into Wasion's Aventa™ Electric Meter, enabling advanced device-level security. This partnership aims to provide real-time detection of cyber threats directly on smart meters, allowing utilities to activate security features without disrupting existing infrastructure.

prnewswire

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

GF Fund Hang Seng China A Power Grid Equipment ETF

WASION HOLDINGS

09:25 ETWasion Americas and Crytica Security Announce Partnership to Enhance Utility Security at the Grid Edge

03393

Wasion Holdings (SEHK:3393) has won significant contracts in the State Grid Corporation of China's 2026 tender, valued at approximately RMB 382.91 million. Despite a recent share price of HK$25.98, analysts suggest it may be overvalued with a fair value estimate of HK$19.43. However, a DCF model indicates potential upside, estimating fair value at HK$43.73. The stock has shown strong year-to-date returns but faces risks from price competition and reliance on State Grid tenders.

Simplywall

Wasion Holdings (SEHK:3393) Valuation After Major 2026 State Grid Tender Win

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562550

Analyst Gianluca Tucci from Haywood has reiterated a Buy rating on Tantalus Systems Holding, raising the price target from C$8.25 to C$8.50. This decision is based on Tantalus's strong first-quarter performance, significant revenue growth, and strategic advancements in grid modernization and data analytics. The rapid commercialization of the TRUSense Gateway and a solid book-to-bill ratio further support Tucci's positive outlook. Tantalus's stock has seen a notable increase of 56.49% over the past six months, rising from C$3.930 to C$6.150.

Tip Ranks

Bosera CSI All Share Electric Utilities ETF

GF CSI All Share Power Public Service ETF

ChinaAMC Green Electricity ETF

ISHRS S&P Glb Utilities

Tucci Reiterates Buy on Tantalus as Grid Modernization Strategy Advances and Price Target Rises from $8.25 to $8.50

Wasion Holdings Limited has secured major contracts worth approximately RMB383 million from the State Grid Corporation of China for 2026. The orders include around 827,000 smart meters and related transformers valued at RMB207.82 million, and 24,000 intelligent terminals worth RMB77.44 million. This positions Wasion as a leading supplier in the power sector, enhancing its competitive edge in the utility metering market.

Wasion Tops State Grid Tender With RMB383 Million in 2026 Orders

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01072

562960

HSBC Research reported that DONGFANG ELECachieved a net profit of RMB1.585 billion in 1Q25, a 37% YoY increase, driven by core business growth and fair value gains from CHUAN ENERGY POWER. The recurring profit met expectations, with a gross profit margin rise to 18.3%. New orders totaled RMB36.6 billion, up 2% YoY, while coal power orders fell 11%. HSBC maintains a Buy rating for DONGFANG ELEC with a target price of HKD45 and a Hold rating for its A shares with a target price of RMB39.

AASTOCKS News

DEC.LTD

DONGFANG ELEC

E Fund CSI Green Power ETF

HSBC HOLDINGS

HSBC

CNDL

HSBC 5xShortSG241213

HSBC Holdings Plc

HSBC Research: DONGFANG ELEC  1Q25 Core Results In Line; Rated Buy

002202

02208

588830

Citi has raised its target price for GOLDWINDfrom HKD18 to HKD20, maintaining a Buy rating. The company reported a 59.6% YoY increase in net profit to RMB907 million in Q1 2026 and aims for a gross margin of 9% to 10% for wind turbine sales. Despite rising production costs, particularly for copper and petrochemical components, the unit cost of bearings remains stable. Citi also increased its net profit forecasts for 2026 and 2028 by 8% to 9%, driven by investment income from wind farm disposals. The green hydrogen project is set to begin trial operations in Q3 2026.

Goldwind

GOLDWIND

Penghua SSE STAR New Energy ETF

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi Raises GOLDWIND  TP to HKD20, Bullish on Upcycle

NFRA

PAVE

DTCR

SRVR

IFRA

Stonepeak and Bernhard Capital Partners have announced an agreement to acquire Cleco Group LLC from a consortium including Macquarie Asset Management, BCI, and Manulife Investment Management. Cleco, a regulated electric utility in Louisiana, serves approximately 298,000 customers. The acquisition aims to enhance Cleco's operational reliability and support economic growth in the region while maintaining local management and employee compensation. The transaction is subject to regulatory approvals, with Stonepeak expected to hold a majority interest in Cleco upon completion.

MorningStar

FlexShares STOXX Global Broad Infrastructure Index Fund

Glob X US Infra

iShares S&P Global Infra

Global X Data Center & Dgtl Infrs ETF

Pacer Data & Infrastructure Real Estate ETF

iShares US Infra

Macquarie Group Limited

Macquarie Group

Manulife Financial

Stonepeak and Bernhard Capital Partners to Acquire Cleco

KOID

HUMN

RBOT

BOTZ

ROBO

China's State Grid Corporation plans to invest 6.8 billion yuan (US$1 billion) in AI-powered robots for its power grid by 2026, aiming to purchase around 8,500 robots this year. The investment will focus on 5,000 robot dogs for inspections and humanoid robots for maintenance of ultra-high-voltage lines. Total sector investment is expected to exceed 10 billion yuan, with major domestic firms like Unitree and UBTech as suppliers. The push for embodied intelligence is anticipated to lead to mass production of humanoid robots by 2026, with China dominating the global market.

SCMP

KraneSharesGlHmndRbtc&PhysclAiIdxETF

Roundhill Humanoid Robotics ETF

iShares Automation & Robotics UCITS ETF

Global X Robotics & Artificial

ROBO Global Robotics

Mirae Asset Global Investments Co., Ltd.

UBTECH ROBOTICS

Zheshang Securities

Why China is spending billions on a robot army to run its power grid

QCLN

On April 20, 2026, FT Portfolios Canada Co. revealed the launch of units for the First Trust Nasdaq® Clean Edge® Smart Grid Infrastructure ETF (SGRD) on the Toronto Stock Exchange. The Fund marks its debut in trading today, with the ticker symbol SGRD assigned to its units.

Unusual Whales

First Trust Nasdaq Clean Edg Liquid Series

First Trust Launches an ETF for a New Era in the Industry

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560390

On April 20th, the concept of grid equipment continued to rise, with companies like Sun Cable hitting the daily limit. A total of 21 provinces and cities across the country have announced their "14th Five-Year" plans to promote the expansion of new energy and supporting construction. Guojin Securities expects that the approval of ultra-high voltage power grids will accelerate in 2026, driving up sector valuations, and the performance inflection point for related companies may appear in Q3 2026, making it the best time for layout currently

腾讯新闻 - 财经

Sun Cable

E Fund Hang Seng China A Power Grid Equipment ETF

Yuan Cheng Holding

TongDa Cable

QIFAN

HPEC

Ankura

SHUNNA

SINOLINK SECURITIES

The approval pace of ultra-high voltage is expected to significantly accelerate, leading to another surge in the limit-up trend for power grid equipment

ChinaAMC CSI Grid Equipment Thematic ETF(159326.SZ)