电网ETF（561380）涨超3%，机构表示：全年电网投资体量上升具备确定性

Group 1 - The total electricity consumption in China is projected to reach 48,418 billion kilowatt-hours in the first half of 2025, representing a year-on-year growth of 3.7% [1] - The investment in power grid infrastructure for the first half of 2025 is expected to reach 291.1 billion yuan, showing a year-on-year increase of 14.6%, indicating sustained high levels of overall investment [1] - The State Grid Corporation of China plans to focus on optimizing the main grid, strengthening the distribution network, and supporting the high-quality development of renewable energy, with total investment expected to exceed 650 billion yuan for the year [1] Group 2 - In the first half of 2025, the State Grid completed fixed asset investments exceeding 270 billion yuan, a year-on-year increase of 11.7%, marking the highest scale for the same period [1] - Key projects such as the ultra-high voltage projects and various transmission and transformation projects are set to be completed and put into operation, with a focus on advancing major engineering constructions in the second half of the year [1] - The combination of growing electricity consumption, reduced debt ratios for the State Grid, and recovering operating cash flow establishes a strong investment potential for the sector [1]