政策红利叠加AI用电需求，电网设备强势拉升

Core Viewpoint - The electric grid equipment and ultra-high voltage sectors are experiencing significant activity, driven by substantial investments and supportive policies from the government [1] Group 1: Market Performance - Electric grid equipment stocks such as Wansheng Intelligent, Yinen Electric Power, and the Electric Power Research Institute are leading the market, with the Electric Grid Equipment ETF (159326.SZ) rising over 3% [1] - The Sci-Tech Innovation and Entrepreneurship 50 ETF (159783.SZ), which holds power and chip stocks, saw an intraday increase of over 1% [1] Group 2: Government Investment and Policy - The State Grid announced that fixed investments for the 14th Five-Year Plan are expected to reach 4 trillion yuan, a 40% increase compared to the 13th Five-Year Plan [1] - The National Development and Reform Commission has confirmed a policy to "appropriately advance" the construction of the electric grid, which will drive the development of the power equipment industry [1] Group 3: Industry Outlook - Huaxi Securities indicates that the rapid evolution of the global artificial intelligence industry will significantly increase electricity demand, providing long-term support for the power equipment sector [1] - Elon Musk highlighted that China's abundant electricity supply will be a key advantage in the AI competition [1]