政策东风劲吹，微电网站上超级风口

Group 1 - The A-share market saw a collective rise in major indices, with the Shanghai Composite Index closing at 4120.43 points, driven by a recovery in market sentiment and strong performance in the microgrid sector [1] - Fenglong Co., Ltd. experienced a "limit-up" for the 11th time since December 17, 2025, due to news of a proposed acquisition of approximately 43% of its shares by humanoid robot company UBTECH, as well as the overall rise in the new infrastructure sector [1] - The core logic supporting the strength of the microgrid sector is the recent favorable policies, including the "Guidelines for the Construction and Application of Industrial Green Microgrids (2026-2030)" issued by five departments, which aim to promote green electricity applications in the industrial sector [1] Group 2 - The global microgrid market is projected to reach approximately $22.9 billion in 2024, with a compound annual growth rate (CAGR) of about 19.2% from 2025 to 2034 [3] - In China, investment in grid construction reached 560.4 billion yuan from January to November 2025, marking a year-on-year increase of 5.9%, indicating a continuous rise in grid investment [3] - Approximately 40 companies have disclosed their involvement in microgrid-related businesses in the past six months, primarily within the power equipment industry [3] Group 3 - Analysts suggest that the continuous rise of Fenglong Co., Ltd. reflects market sentiment and expectations of mergers and acquisitions, while cautioning investors about short-term speculative risks [4] - The construction of microgrids is entering a phase of accelerated policy implementation, and companies with integrated capabilities in "source-network-load-storage" are expected to benefit significantly from the advancement of carbon neutrality goals and energy structure transformation [4] - Companies that can provide efficient and intelligent microgrid solutions are likely to gain a competitive advantage in the trillion-dollar market [4]