Shanghai Aijian Securities·2025-11-19 10:16Investment Rating - The report rates the electric power equipment industry as "Outperforming the Market" [2] Core Insights - The electric power equipment industry saw a 1.61 percentage point increase in the proportion of shares held by public funds in Q3 2025, indicating a positive trend in institutional investment [5][6] - Key stocks that experienced significant increases in holdings include Goldwind Technology, Xinnengda, and Canadian Solar, while stocks like New Zhoubang and Hewei Electric faced substantial reductions [9][12] - Major fund companies such as Huaxia and Huitianfu significantly increased their investments in the electric power equipment sector, with Huaxia's holdings rising by 125.64% [14][15] Summary by Sections 1. Overall Industry Situation - The electric power equipment sector, along with non-ferrous metals and electronics, saw an increase in the proportion of shares held by public funds, with a notable rise in institutional interest [5][6] 2. Individual Stocks - Goldwind Technology led the increase in holdings, with a 373.29% rise in market value and a 224.07% increase in the number of shares held [10] - Other notable stocks with increased holdings include Xinnengda (307.85%) and Canadian Solar (18256.64%) [10][11] 3. Institutional Holding Changes - Huaxia Fund and Huitianfu Fund were among the top firms increasing their investments in the electric power equipment sector, with Huaxia's market value in the sector reaching 127.45 billion yuan [14][15] 4. Public Fund Holdings in Electric Power Equipment - The top 20 public funds saw a 9.80% increase in the number of shares held in the electric power equipment sector, with total holdings reaching 17.49 billion shares and a market value of 1143.30 billion yuan [17][18]