Jingu Finance News | Electric power equipment stocks collectively rose, Shanghai Electric Group (02727) up 24.73%, NE Electric (00042) up 3.77%, Goldwind Science& Technology (02208) up 3.19%, Harbin Electric (01133) up 2.31%, and Dongfang Electric Corporation (01072) up 1.18%.
The National Energy Administration released the national electricity industry statistics for January-September. As of the end of September, the cumulative installed capacity of power generation nationwide is approximately 3.16 billion kilowatts, a 14.1% year-on-year increase. Among them, the installed capacity of solar energy power generation is approximately 0.77 billion kilowatts, a 48.3% year-on-year increase; the installed capacity of wind power is approximately 0.48 billion kilowatts, a 19.8% year-on-year increase. From January to September, the average utilization of power generation equipment nationwide was 2619 hours, a decrease of 106 hours compared to the same period last year. From January to September, the total investment in power projects by major power generation enterprises nationwide reached 595.9 billion yuan, a 7.2% year-on-year increase. The investment in grid projects reached 398.2 billion yuan, a 21.1% year-on-year increase.
Soochow Securities stated that this year's grid investment increased by 8%. The Energy Administration released the ultra high pressure grid construction plan to facilitate the integration of new energy sources. Both domestic and international ultra high pressure + new energy infrastructure, overseas new energy + AI + grid upgrade + manufacturing industry reshoring, the large cycle of demand for electrical utilities equipment both domestically and internationally resonates. Growth is confirmed and sustainable next year, continuing to recommend leading companies in the ultra high pressure, international expansion, and flexible straight directions.
