[Re-call] Pay Attention to the Recovery Flexibility of Traditional Power Equipment!

English summary

### [Re-call] Pay Attention to the Recovery Flexibility of Traditional Power Equipment! Time: 2026-07-30 15:16:37 Content: [Fa] One of the most certain investment directions in the '15th Five-Year Plan': During the '15th Five-Year Plan' period, State Grid plans fixed asset investment of 4 trillion yuan, 40% higher than the actual completion during the '14th Five-Year Plan', while the '14th Five-Year Plan' exceeded the initial plan by 30%. It is expected that actual investment in the '15th Five-Year Plan' may exceed expectations again. In the first half of the year, State Grid completed investment of over 310 billion yuan, up 13% year-on-year; China Southern Power Grid completed investment of 89.3 billion yuan, up 15% year-on-year. Grid investment remains an important lever to boost domestic demand and counter-cyclical adjustment during the '15th Five-Year Plan' period. The annualized growth rate is expected to be 5%-10%, not high but extremely certain, and industry leaders through new categories and overseas markets achieve significantly higher performance growth than the industry average. In addition, senior leaders have recently attached great importance to the 'Six Networks', and the new grid is a key focus. UHV: In the first half of the year, State Grid's UHV procurement scale reached 29.3 billion yuan, exceeding the full-year 22.1 billion yuan in 2025. It is expected there will be about 2 more tenders this year.…