Workflow
华泰证券:继续看好电力需求增长韧性下的电力设备和电源装备产业趋势
Mei Ri Jing Ji Xin Wen·2025-08-13 00:27

Group 1 - The core viewpoint is that the economic focus on expanding domestic demand and promoting high-quality development will remain unchanged through 2025, leading to sustained growth in electricity demand [1] - The record high temperatures since June have resulted in continuous breakthroughs in peak electricity load, indicating strong resilience in electricity demand growth [1] - The expectation for electricity demand growth to outpace GDP growth in 2025 is supported by new productive forces, secondary industry exports, and residential consumption [1] Group 2 - The growth in electricity demand is expected to drive investment in power equipment and power generation industries [1] - The investment in power equipment is anticipated to resonate with the demand for primary network infrastructure and base-load supportive power generation [1]