连续16日净流入，电网设备ETF（159326）上涨1.47%，特高压景气翻转

Group 1 - The A-share market saw a collective rebound on December 19, with the only electric grid equipment ETF (159326) rising by 1.47% and achieving a trading volume of 240 million yuan, driven by stocks like Baili Electric and Baosheng Co. [1] - The electric grid equipment ETF has experienced net inflows for 16 consecutive trading days, with a peak single-day net inflow of 151 million yuan, totaling 1.13 billion yuan in net inflows [1]. - As of December 18, 2025, the latest share count for the electric grid equipment ETF reached 2.109 billion, marking a new high since its listing [1]. Group 2 - The electric grid equipment ETF (159326) is the only ETF tracking the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, and cables [2]. - The smart grid sector holds a significant weight of 88% in the index, while the ultra-high voltage sector accounts for 65%, both being the highest in the market [2]. Group 3 - CITIC Securities highlighted the importance of a new energy system in the "14th Five-Year Plan," emphasizing long-term development focuses on power system construction, including aspects like consumption, resilience, and electrification [1]. - The policy guidance is expected to solidify medium to long-term opportunities in ultra-high voltage, flexible DC transmission, and smart grid sectors, while short-term demand for transmission and transformation equipment is showing structural growth [1].