Zheng Quan Shi Bao Wang·2025-11-11 02:31Group 1 - The smart grid concept saw significant gains on November 11, with stocks like Juhua Technology hitting a 20% limit up and others like Haibo Sichuang and Moen Electric also experiencing substantial increases [1] - The National Development and Reform Commission and the National Energy Administration released guidelines on November 10 to promote the consumption and regulation of renewable energy, aiming to establish a multi-level renewable energy consumption regulation system by 2030 [1] - The guidelines emphasize the need to meet an annual demand for the rational consumption of over 200 million kilowatts of new energy, contributing to carbon peak goals, and to build a new power system compatible with high proportions of renewable energy by 2035 [1] Group 2 - According to China International Capital Corporation, the national grid engineering investment reached 379.6 billion yuan from January to August 2025, marking a 14% year-on-year increase [2] - Future domestic grid investments are primarily driven by the integration of renewable energy, with significant investment opportunities remaining in supporting ultra-high voltage transmission channels and distribution networks [2] - The electrical equipment sector is expected to maintain long-term investment value, with a projected compound annual growth rate (CAGR) of around 7% for national grid engineering investments from 2026 to 2027 [2]