海内外电力需共振催生行业拐点，电网设备主题指数强势涨超2%

Group 1 - The core viewpoint of the news is that the power grid equipment sector is experiencing a significant boost due to increased investment and demand, with the State Grid's fixed asset investment expected to reach 4 trillion yuan during the 14th Five-Year Plan, marking a 40% increase from the previous plan [1] - The electricity consumption in China is projected to reach 10,368.2 billion kilowatt-hours by 2025, reflecting a year-on-year growth of 5%, with December's consumption at 908 billion kilowatt-hours, up 2.77% year-on-year [1] - The demand side is seeing steady growth in electricity consumption driven by new demands such as electric vehicles and AI computing, while the supply side is facing challenges due to the rapid increase in renewable energy installations, leading to a mismatch with existing grid capacity [2] Group 2 - The construction of external transmission channels (such as ultra-high voltage and main networks) and the enhancement of regulation capabilities (including energy storage and distribution networks) are identified as key solutions to the challenges faced by the power grid [2] - Policies are further solidifying long-term opportunities in areas such as ultra-high voltage, flexible direct current transmission, and smart grid development, indicating a potential market rebound in these sectors [2] - The Tianhong CSI Power Grid Equipment Theme Index closely tracks the performance of 80 listed companies involved in ultra-high voltage and smart grid construction, reflecting the overall performance of the power grid equipment sector [2]