指数震荡中孕育机会！跨年行情开启，电网设备获资金青睐

Market Overview - The A-share market is experiencing a situation where institutional funds are cashing out, indicating a cautious sentiment among investors as they prepare for the upcoming year [2] - The global financial market is characterized by a "Matthew effect," where strong markets attract more funds while weaker markets suffer [2] - The A-share market has entered a quiet phase in December, with uncertainty about whether it is a strategic pause or a valuation correction [2] Industry Insights - The power equipment industry is evolving towards smart, efficient, and green technologies, driven by global energy transition [3][12] - The new power system in China is accelerating its transformation, aiming to support carbon peak goals and promote clean energy [3][12] - The demand for power equipment is expected to grow significantly, with global electricity demand projected to increase at a rate of 3.3% and 3.7% in 2025 and 2026, respectively [12][13] Sector Performance - Various sectors are showing mixed performance, with strong gains in controllable nuclear fusion, marine economy, and precious metals, while general retail and energy metals lag behind [3] - The commercial aerospace concept is gaining traction, with several companies experiencing significant stock price increases [3] - The power grid equipment sector is seeing notable stock performance, with companies like China Western Power and New Special Electric experiencing substantial gains [3] Future Projections - The global nuclear fusion market is expected to approach $500 billion by 2030, indicating strong growth potential in this sector [4] - The demand for high-efficiency transformers and motors is increasing, contributing to the overall energy efficiency of power equipment [11] - The upcoming years are expected to see a reliance on domestic demand for economic growth in China, supported by proactive fiscal policies and structural reforms [11]