Zhi Tong Cai Jing·2026-02-26 08:27Group 1 - The aging infrastructure of the European and American power grids is increasing systemic risks, leading to a favorable outlook for a global investment cycle in electricity [2][3] - Recent severe weather events, including snowstorm warnings, have resulted in significant power outages, with over one million households affected in the U.S. on January 25, 2026, and expected outages of 100,000 to 150,000 households in Rhode Island due to worsening conditions [2] - Domestic electricity cost advantages are becoming more prominent, with Chinese models like MiniMax, Kimi, Zhiyu, and DeepSeek capturing four out of the top five spots in global token usage, indicating rapid growth in domestic model adoption [2][3] Group 2 - Chinese power infrastructure is well-developed, allowing domestic computing power to leverage low electricity costs for cross-border delivery, which promotes domestic electricity consumption and equipment demand [3] - Major internet companies are accelerating their global expansion, with Alibaba Cloud announcing new data centers in Malaysia and other countries, and ByteDance establishing data centers in Southeast Asia, Northern Europe, and South America [3] - Collaboration between domestic model vendors and global cloud service providers is expected to benefit domestic power equipment companies that have established stable partnerships and overseas production capabilities [3] Group 3 - Recommended companies include Mingyang Smart Energy (301291), Jinpan Technology (688676), Igor (002922), Sifang Co., Ltd. (601126), and others, which are positioned to benefit from overseas orders and rapid growth in AIDC orders [4]