电网ETF（561380）涨超2.9%，行业景气度获机构印证

Group 1 - The power equipment industry is experiencing significant growth due to several back-to-back project approvals, leading to substantial increases in high-voltage and flexible direct current equipment [1] - AIDC support remains a crucial direction for the industry, although it is currently affected by fluctuations in funding [1] - There is a consensus on the shortage of transmission and transformation equipment in North America, with increased market attention on transformer exports to this region [1] Group 2 - The export growth rate of domestic power transformers reached over 45% from January to August 2025, with notable opportunities in the North American and Middle Eastern markets [1] - Domestic ultra-high voltage (UHV) investments and overseas demand continue to show high prosperity, with cumulative grid investment from January to September 2025 increasing by 9.94% year-on-year [1] - The industry is characterized by a dual-driven model of accelerated domestic UHV construction and expansion into overseas markets [1] Group 3 - The Grid ETF (561380) tracks the Hang Seng A-share grid equipment index (HSCAUPG), which selects listed companies involved in transmission and transformation equipment, grid automation, and cable components to reflect the overall performance of related securities [1] - The index has a broad industry allocation, covering not only traditional grid equipment but also related sectors such as steel and industrial metals, with a significant focus on the ultra-high voltage sector [1]