NARI-TECH(SH:600406) Ren Min Ri Bao·2026-02-04 22:05Core Insights - China's total electricity consumption is projected to exceed 10 trillion kilowatt-hours by 2025, marking a historic milestone for a single country globally, which is more than double the annual electricity consumption of the United States and higher than the combined total of the EU, Russia, India, and Japan [1][2]. Group 1: Electricity Consumption Growth - The electricity consumption in China has nearly doubled from approximately 5.5 trillion kilowatt-hours in 2015 to over 10 trillion kilowatt-hours in 2025, illustrating a steep growth curve [2]. Group 2: Infrastructure and Energy Security - The substantial electricity demand is supported by robust infrastructure, establishing China's competitive edge in the energy sector, with over 20% of global energy production [3]. - Since the 14th Five-Year Plan, China's energy self-sufficiency rate has remained above 80%, with over 90% of the increase in energy consumption being domestically secured [3]. Group 3: Strategic Planning and Investment - The success is attributed to "proactive planning" and "unified scheduling," with investments in the power grid being made based on a 5 to 10-year forward-looking layout [4]. - The State Grid has announced a fixed asset investment of 4 trillion yuan for the 15th Five-Year Plan, a 40% increase from the previous plan, to meet future electricity demand [4]. Group 4: Unified Power Market - China's unified electricity market, supported by the world's largest power transmission network, allows for efficient distribution of clean energy from resource-rich western and northern regions to the eastern and central load centers [5]. - The "West-to-East Power Transmission" capacity has reached 340 million kilowatts, with expectations for significant growth in high-voltage direct current transmission channels by 2050 [5]. Group 5: Technological Advancements - China's advancements in ultra-high voltage technology are pivotal, achieving breakthroughs in insulation materials and equipment weight, along with the localization and standardization of core devices [6]. - Over one-third of electricity consumed in China is generated from renewable sources, with wind and solar power installations expected to surpass thermal power by 2025 [6]. Group 6: Future Outlook - The strong, stable, and green electricity system built through proactive planning is not only a guarantee for current economic development but also lays the foundational physical conditions for future growth [7]. - Despite the advantages in scale among power generation companies, challenges remain in profitability, structural optimization for green transition, and sustained innovation investment [7].