Electric power equipment exports are improving, with funds focusing on the State Grid Equipment ETF Guotai (561380), which had a net inflow of over 70 million yuan in the previous trading day.

The export of power equipment is positive; from a funding perspective, funds are focusing on the ETF for grid equipment, Cathay (561380), which saw a net inflow of over 70 million yuan on the previous trading day.

Caixin Securities pointed out that the export of power equipment in China shows an overall positive trend. The export of grid equipment demonstrates strong resilience and sustainability, with core categories such as transformers and wires and cables maintaining high growth rates, while products like low-voltage switches and power cabinets show a “low at the front, high at the back” recovery characteristic; the current overall export scale has stabilized at a historically high level for the same period. The export of power supply equipment is showing a trend of crossing the bottom of the cycle and gradually recovering, where the growth rates of photovoltaic and inverters are emerging from the trough and returning to historically normal benchmark levels, while wind power and lithium batteries maintain a relatively steady upward trend, with current scales at historical highs in recent years. In summary, whether it is the steady growth of grid equipment or the bottom recovery of power supply equipment, it indicates that the fundamentals of current power equipment exports are solid, and the overall industry prosperity continues to maintain a positive upward development trend over the long term.

The grid equipment ETF, Cathay (561380), tracks the Hang Seng A-share grid equipment index (HSCAUPG), which selects 50 securities highly related to grid equipment from the A-share market, covering core business areas such as power transmission and transformation equipment, grid automation equipment, and communication cables, to reflect the overall performance of listed companies related to China’s grid equipment industry. This index focuses on representative companies in the industry, having a high degree of concentration and purity, emphasizing the development trends of the grid equipment industry.

Risk warning: Mentioned individual stocks are only for industry event analysis and do not constitute any individual stock recommendations or investment advice. Short-term fluctuations in indices are for reference only and do not represent future performance, nor do they constitute a commitment or guarantee regarding fund performance. Views may be adjusted as market conditions change and do not constitute investment advice or commitment. The risk-return characteristics of mentioned funds vary; investors are advised to carefully read the fund’s legal documents, fully understand product elements, risk levels, and profit distribution principles, and choose products that match their own risk tolerance, investing cautiously. For fund rates, please refer to the legal documents.

Daily Economic News