中信证券：特高压、智能电网等环节有望迎来景气反转

Core Insights - The report from CITIC Securities emphasizes the significant role of the new energy system as outlined in the "Suggestions for Formulating the 15th Five-Year Plan for National Economic and Social Development" by the Central Committee of the Communist Party of China [1] - The policy provides guidance for the construction of the power system, focusing on long-term development priorities such as consumption, resilience, and electrification [1] Industry Opportunities - The policy solidifies long-term opportunities in areas such as ultra-high voltage, flexible direct current transmission, and intelligent grid systems [1] - In the short to medium term, there is a resonance in domestic and international demand for transmission and transformation equipment, indicating a sustained structural demand [1] - A potential recovery in the market is expected for ultra-high voltage and smart grid sectors [1] Investment Recommendations - Companies involved in transmission and transformation, particularly leading firms in overseas markets, are recommended for attention [1] - Core companies in the ultra-high voltage sector should be closely monitored [1] - Leading enterprises in smart meters and those related to direct current transmission technology are also highlighted as key investment opportunities [1]