Energy equipment update plan released, smart grid construction welcomes new opportunities.
① The National Development and Reform Commission issued the "Implementation Plan for Large-scale Equipment Renewal in Key Energy Fields", encouraging the overall renovation of old substations and transmission lines to improve the operational safety capacity of the power grid. ② China Galaxy released a research report stating that global investment in power grids is expected to increase significantly, and the export of power equipment is promising. Global investment in power grids is expected to double to $600 billion by 2030.
Smart grids resonate domestically and internationally, Hexing Electrical's Q2 net profit of 0.319 billion reaches a new high; interpretation of financial report.
①Benefiting from the resonance of domestic and foreign demand, Hexing Electrical achieved a net profit of 0.319 billion yuan attributable to the parent in Q2, reaching a new high in the same period in history; ②Expanding overseas, the company is bullish on the increase of global market share; ③The company's bid amount increased year-on-year due to the expansion of domestic power grid bidding.
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