电网ETF（561380）涨超2.4%，电力需求支撑行业预期

Core Viewpoint - The electric grid ETF (561380) has risen over 2.4% on October 21, indicating positive market sentiment towards the electric power sector driven by robust demand growth and investment opportunities in power equipment and generation industries [1] Group 1: Electric Power Demand - Electric power demand is expected to continue outpacing GDP growth by 2025, supported by new productive forces (secondary and tertiary industries), energy substitution, and residential electricity consumption [1] - The third industry, particularly emerging sectors like AIDC, is anticipated to become a major driver of electricity demand [1] - Electricity consumption in the automotive manufacturing sector increased by 23% year-on-year from January to August [1] Group 2: Investment Trends - The growth in electricity demand is expected to stimulate investment in power equipment and grid infrastructure, creating a positive feedback loop [1] - The modernization of agriculture is significantly contributing to the increase in electrification rates [1] Group 3: Power Generation Performance - Hydropower output in September saw a notable increase of 38.9% year-on-year, indicating a shift in output patterns compared to the previous year [1] - Photovoltaic power generation experienced a substantial year-on-year growth of 76.2%, reflecting a significant acceleration in renewable energy production [1] Group 4: ETF Overview - The electric grid ETF (561380) tracks the Hang Seng A-share Electric Grid Equipment Index (HSCAUPG), which includes listed companies involved in the manufacturing of transmission, distribution, and control equipment [1] - The index is characterized by high industry concentration and representativeness, primarily covering the electric equipment and renewable energy sectors [1]