--- title: "GF Power ETF (159611) rose more than 3%, with dividend yield continuously increasing from 2022 to 2025." type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39474254.md" description: "On March 24, the market saw a rebound, with major stock indices rising across the board and most individual stocks gaining ground. In terms of sectors, power, defense, pharmaceuticals, and industrial metals were among the top gainers. Domestically, on March 23, at the China Development Forum 2026 Annual Meeting, relevant personnel stated that the next step will involve working with related departments to vigorously promote the computing-power and electricity coordination project, ensuring that the proportion of green electricity used in new computing power facilities at hub nodes reaches over 80%, to maximize the supporting role of green electricity. The coordination between computing and electricity has entered a stage of substantial advancement, with computing power demand experiencing explosive growth, making data centers a new engine for electricity demand..." datetime: "2026-03-24T09:06:59.000Z" locales: - [en](https://longbridge.com/en/topics/39474254.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39474254.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39474254.md) author: "[同壁财经](https://longbridge.com/en/profiles/26505347.md)" --- # GF Power ETF (159611) rose more than 3%, with dividend yield continuously increasing from 2022 to 2025. On March 24th, the market rebounded, with major stock indices all rising and individual stocks broadly gaining. On the board, sectors such as power, defense, pharmaceuticals, and industrial metals led the gains. Domestically, on March 23rd, at the China Development Forum 2026 Annual Meeting, relevant personnel stated that the next step will involve collaborating with relevant departments to vigorously promote the computing-power and electricity coordination project, ensuring that the proportion of green electricity application in newly built computing power facilities at hub nodes reaches over 80%, maximizing the supporting role of green electricity. The computing-power and electricity coordination has entered the stage of substantive advancement, with computing power demand experiencing explosive growth. Data centers have become a new engine for electricity demand. The China Academy of Information and Communications Technology predicts that China's data center electricity consumption will reach 166 billion kWh in 2024 and is expected to reach 390-820 billion kWh by 2030. GF Securities points out that the accelerated implementation of computing-power and electricity coordination projects proves they are not short-term trends. Similar projects are expected to continue launching in 2026, with power assets centered on green electricity ushering in a Davis Double Play characterized by stable and foreseeable profitability and long-term growth expectations. Internationally, driven by the core catalyst of the continuously widening gap between U.S. electricity supply and demand, the prosperity of the entire power industry chain has significantly improved. New energy power generation, grid equipment, and energy storage are expected to benefit. Among them, photovoltaics have become the core direction for energy supplementation. After Tesla's 100GW ground-based photovoltaic capacity is realized, U.S. photovoltaic demand is expected to exceed 100GW, benefiting upstream equipment and auxiliary material suppliers. Simultaneously, aging U.S. power equipment and the explosion in AI computing power have created a rigid energy gap, while domestic energy supply is abundant, and green electricity offers significant advantages in volume and price. As the space for token exports opens up during the inference era and profitability is rationalized, power operators with clean energy supply capabilities or flexible regulation capabilities are expected to benefit. Sealand Securities stated that the application of large AI models has significantly increased electricity demand, and data center energy consumption is growing rapidly. Natural gas power generation, due to its cost and reliability advantages, has become an important power source. Global gas turbine sales have risen rapidly since 2024, with an estimated 71GW in 2025. Leading manufacturers like GE, Mitsubishi, and Siemens have full order books, and capacity expansion is expected to accelerate. It is estimated that global gas turbine sales will exceed 130GW by 2028, with a market space exceeding $70 billion. The CEO of Siemens Energy also mentioned that gas turbine delivery schedules are already booked until 2030, with 2028 production capacity almost fully reserved. Furthermore, the ongoing Middle East geopolitical crisis continues to ferment, causing significant impact on the global energy system, drawing renewed attention to power security. CITIC Securities research report points out that this round of geopolitical conflict is driving a reassessment of the global energy system towards "security attributes," shifting the energy allocation logic from cost priority to a balanced emphasis on autonomy, controllability, and diversified alternatives. This shift has accelerated strategic investment by various countries in new energy power generation, energy storage systems, and grid infrastructure, bringing forward the investment cycle and accelerating the construction pace in related fields, simultaneously increasing the certainty and urgency of the energy transition. As of the market close, the GF Power ETF (159611) rose 3.93%, with a turnover exceeding 740 million, trading at a 0.24% premium. Constituent stocks such as Jieneng Wind Power, Jinkai New Energy, and Huayin Electric Power hit limit-up, while Leshan Electric Power, Solar Energy, etc., all posted significant gains. The fund received net subscriptions exceeding 170 million shares during the session. The GF Power ETF (159611) tracks the CSI All Share Electric Utilities Index. The dividend yield of this index has been continuously increasing since 2022-2025, reaching a latest figure of 2.39%. Beyond photovoltaic power generation, its underlying assets also include traditional energy giants such as thermal power (33%+), hydropower (20%+), and wind power (14%). These assets not only possess stable cash flows but may also undergo valuation reshaping amidst the wave of power development. 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