海外电网建设需求旺盛或推动国内企业出海，电网设备ETF（159326）9日吸金94亿元

Group 1 - The A-share market saw all three major indices rise collectively, with the electric grid equipment sector experiencing fluctuations before a pullback. The only electric grid equipment ETF (159326) recorded a decline of 0.33% with a transaction volume of 1.425 billion yuan, while stocks like Rong Electric and Hancable hit the daily limit, and others such as China Western Power and Shenneng Power also saw gains [1] - The electric grid equipment ETF has experienced net inflows for nine consecutive trading days, totaling 9.4 billion yuan, with a single-day net inflow of 2.755 billion yuan on January 20, bringing its latest scale to 14.506 billion yuan, a record high since its inception [1] - Grid Strategies projects that the compound annual growth rate (CAGR) of electricity load in the U.S. will reach 3.7% from 2025 to 2030, driven by aging grid infrastructure and a surge in AI data center construction, which is expected to accelerate grid construction in the U.S. [1] - In Europe, major power companies are increasing capital expenditure plans due to benefits from interconnectivity and new energy access, with a projected CAGR of 19% for grid capital expenditure from 2025 to 2027 [1] - Nomura Orient International Securities notes that while overseas grid companies are increasing capital expenditure, power equipment firms face pressures from raw material shortages and skilled labor shortages, making it difficult to match production speed with demand. Domestic companies are expected to benefit from overseas demand spillover [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, cable components, communication cables, and distribution equipment. The smart grid accounts for 88% of the weight, while ultra-high voltage accounts for 65%, both the highest in the market [2]