Market Overview - The Asia-Pacific stock markets experienced a collective decline influenced by the "Black Tuesday" in the US stock market, but the A-shares showed an independent trend with all three major indices closing higher. The Shanghai Composite Index rose by 0.23% to 3969 points, the Shenzhen Component Index increased by 0.37%, and the ChiNext Index gained 1.03% [1]. Trading Volume and Market Activity - The total market turnover reached 1.89 trillion yuan, a decrease of 441 billion yuan compared to the previous trading day, with nearly 3400 stocks rising [1]. Sector Performance - The Hainan sector was notably active, with stocks like Haima Automobile and Haixia Shares hitting the daily limit. The State Grid completed fixed asset investments exceeding 420 billion yuan, leading to gains in the electric grid equipment, ultra-high voltage, and smart grid sectors, with stocks such as Jinguan Electric and TBEA also hitting the daily limit [1]. - The titanium dioxide sector saw a surge, with Vanadium Titanium Shares hitting the daily limit. The photovoltaic equipment sector also performed well, with Aters hitting a 20% increase limit. Other sectors with significant gains included duty-free concepts, high-speed charging, energy storage, and wind power equipment [1]. Declining Sectors - The recombinant protein sector declined, with Sanofi falling over 8%. The quantum technology sector also saw a drop, with Keda Guokai decreasing by over 7%. Other sectors that experienced significant declines included Kimi concept, data security, digital currency, and CRO [1]. Top Gainers - The top gainers included sectors such as forestry, power generation equipment, and electrical grid, with respective increases of 3.88%, 1.68%, and 3.43% [2].

Group 1 - The electric power grid industry is experiencing a significant surge, with concepts such as UHV, photovoltaic inverters, virtual power plants, and charging piles seeing strong increases [1] - The electric grid equipment ETF (159326) rose by 5.52% with a trading volume of 546 million yuan and a turnover rate exceeding 72% as of 14:40 [1] - The ETF has attracted substantial capital, accumulating 582 million yuan in the past month, reaching a new high of over 728 million yuan, with a growth rate of 480% [1] Group 2 - The electric grid equipment ETF is the only ETF tracking the China Securities Electric Grid Equipment Theme Index, with a strong representation in the sectors of power transmission and transformation equipment, grid automation equipment, cable components, and distribution equipment [2] - UHV accounts for a significant 64% of the ETF's weight, the highest in the market, with leading stocks including Guodian NARI, TBEA, and Siyuan Electric among the top ten holdings [2]

Group 1 - The electric grid equipment industry experienced a significant surge on November 5, with key concepts such as UHV (Ultra High Voltage), virtual power plants, charging piles, and photovoltaic inverters collectively rising [1] - The only electric grid equipment ETF (159326) saw a 5.38% increase, with a trading volume of 4.91 billion yuan and a turnover rate of 65.5%, marking historical highs in both market price and daily trading volume [1] - The ETF has recorded net inflows for seven consecutive trading days, accumulating 5.82 billion yuan in the past month, with its latest scale exceeding 7.28 billion yuan, representing a growth rate of 480% since inception [1] Group 2 - Goldman Sachs projects that global investments in digital infrastructure and energy systems driven by AI will reach 5 trillion dollars over the next decade, with electric grid equipment being a direct beneficiary of this investment wave [1] - Dongwu Securities anticipates continued growth in electric grid investment by 2025, with leading companies benefiting from domestic construction and overseas market dual drivers, particularly those with technological advantages and order guarantees in UHV and smart grid sectors [1] - The electric grid equipment ETF tracks the CSI Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, and distribution equipment, where UHV accounts for 64% of the index weight [2]

Group 1 - The A-share market saw all three major indices turn positive, with the Electric Grid Equipment ETF (159326) leading the gains, rising by 5.66% to a peak price of 1.595 yuan and achieving a trading volume of 4.36 billion yuan, both setting historical highs [1] - The Electric Grid Equipment ETF has recently attracted significant capital attention, with its scale increasing by over 480% in the past month, reaching a new high of 728 million yuan since its inception [1] - Citic Securities indicated that in the short to medium term, the demand for transmission and transformation equipment is expected to resonate positively, with structural demand continuing to emerge, particularly in the ultra-high voltage and smart grid sectors [1] Group 2 - The Electric Grid Equipment ETF (159326) is the only ETF in the market tracking the China Securities Electric Grid Equipment Theme Index, with a strong representation in sectors such as transmission and transformation equipment, grid automation equipment, cable components, and distribution equipment [2] - The ultra-high voltage sector holds a significant weight of 64% in the index, the highest in the market [2]

Group 1 - The A-share market opened lower but rebounded, with significant gains in electric power and grid concept stocks, particularly the electric grid equipment ETF which rose by 5.38% and saw a net subscription of 80 million units in the afternoon session [1] - The electric grid equipment ETF has experienced continuous inflows, totaling over 300 million yuan in net subscriptions over the past seven days, driven by increasing concerns about "AI causing power shortages" [2] - Export data for electrical equipment has shown high growth, with transformers and isolating switches seeing increases of 39% and 31% respectively from January to September, with Europe and North America contributing significantly to this growth [2] Group 2 - The electric grid equipment ETF (159326) tracks the China Securities Electric Grid Equipment Theme Index, with major holdings including Guodian NARI (a leader in smart grid technology), TBEA (a core supplier of ultra-high voltage equipment), and Suyuan Electric (power equipment R&D and manufacturing) [3] - The ChiNext New Energy ETF (159368) rose by 2.99%, tracking the ChiNext New Energy Index, with key holdings such as CATL (a global leader in power batteries), Huichuan Technology (a leader in automation equipment), and Sungrow Power (a leader in inverters) [3]

Core Viewpoint - The stock of Jinzhu Pipeline has shown a significant increase of 45.52% year-to-date, despite a recent slight decline in the last five trading days, indicating potential volatility in the market [1][2]. Financial Performance - For the period from January to September 2025, Jinzhu Pipeline reported a revenue of 3.179 billion yuan, representing a year-on-year decrease of 6.73% [2]. - The net profit attributable to the parent company for the same period was 93.7451 million yuan, down 23.75% year-on-year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders for Jinzhu Pipeline was 28,100, a decrease of 17.01% from the previous period [2]. - The average number of circulating shares per shareholder increased by 20.49% to 18,467 shares [2]. Dividend Distribution - Since its A-share listing, Jinzhu Pipeline has distributed a total of 1.106 billion yuan in dividends, with 160 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, the fifth largest circulating shareholder is Guotai Zhongxin Steel ETF, holding 4.1532 million shares as a new shareholder [3]. - The fund "Guangfa Multi-Factor Mixed" has exited the list of the top ten circulating shareholders [3].

11月5日，A股三大指数集体回调，全市场唯一的电网设备ETF（159326）逆市拉升，截至10点35 分，涨幅1.66%，在全市场ETF中涨幅居首，成交额达1.4亿元，稳居同类第一，持仓股中能电气、神马 电力、保变电气等股涨停，双杰电气涨超15%，特变电工涨超6%，金盘科技、宏发股份、伊戈尔、金 冠股份等股涨幅居前。 电网设备ETF（159326）是全市场唯一跟踪中证电网设备主题指数的ETF，从申万三级行业分类上 看，指数成分股的行业分布以输变电设备、电网自动化设备、线缆部件及其他、通信线缆及配套、配电 设备为主，拥有较强的代表性。特高压权重占比高达64%，全市场最高。前十大重仓股中囊括了国电南 瑞、特变电工、思源电气、特锐德等行业龙头。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 电网设备ETF已连续7个交易日获资金净流入，近一个月合计"吸金"达5.82亿元，最 ...

Market Overview - On November 5, A-shares opened lower but rebounded, with the Shanghai Composite Index and ChiNext Index closing up by 0.05% and 0.17% respectively, while the Shenzhen Component Index fell by 0.15% [1] - The market turnover was 1.15 trillion yuan, a decrease of over 80 billion yuan compared to the previous trading day [1] - Sectors such as Hainan Free Trade Port, ultra-high voltage, and charging piles saw strong performance, with over 16 billion yuan of net inflow into the power equipment industry [1] - Concepts like rare earths, optical modules, and semiconductors experienced significant declines [1] Company Performance - On November 5, Seres (赛力斯) listed on the Hong Kong Stock Exchange, becoming the first "A+H" luxury new energy vehicle company [2] - The stock price fell below the issue price on its first day, reaching a low of 118 HKD, nearly 10% lower than the issue price of 131.5 HKD, and closing down nearly 3% [2] - Seres' A-shares also declined, closing down over 4% [2] - The company raised a net amount of 14.016 billion HKD, marking the largest IPO for a Chinese car company to date and the largest global car company IPO in Hong Kong since 2025 [3] IPO Market Context - Seres' global offering consisted of 108.6 million H-shares, with 10% allocated for public offering, and the offering was oversubscribed by 133 times, raising over 170 billion HKD in financing [4] - In 2023, 83 new stocks were listed on the Hong Kong Stock Exchange, with 17 experiencing a drop on their first day, resulting in a 20% first-day drop rate [4] - Despite the challenges, the overall performance of new stocks in Hong Kong has been strong, with 13 stocks seeing first-day gains exceeding 100% [4]

Core Viewpoint - The Shenzhen Component Index rebounded after previously declining over 1.68%, while the Shanghai Composite Index rose by 0.11% and the ChiNext Index increased by 0.38% [1] Market Performance - The Shenzhen Component Index experienced a significant recovery, moving from a decline of over 1.68% to a positive performance [1] - The Shanghai Composite Index showed a slight increase of 0.11% [1] - The ChiNext Index, which focuses on innovative and high-growth companies, rose by 0.38% [1] Sector Performance - Key sectors that led the gains included Hainan Free Trade Zone, titanium dioxide, and ultra-high voltage industries [1]

（文章来源：每日经济新闻） 11月5日，电网设备ETF（159326）强势上涨，截至13点05分，涨幅达5.31%，在全市场ETF中涨幅第 一。成交额达3.14亿元，创上市以来新高。持仓股中能电气、智光电气、宏发股份、神马电力、保变电 气、特变电工等多股涨停。 电网设备ETF近期持续获资金关注，近一个月规模增长超480%，最新规模达7.28亿元，创成立以来新 高。 电网设备ETF（159326）是全市场唯一跟踪中证电网设备主题指数的ETF，从申万三级行业分类上看， 指数成分股的行业分布以输变电设备、电网自动化设备、线缆部件及其他、通信线缆及配套、配电设备 为主，拥有较强的代表性。特高压权重占比高达64%，全市场最高。前十大重仓股中囊括了国电南瑞、 特变电工、思源电气、特锐德等行业龙头。 随着AI技术的快速发展，全球数据中心的电力需求正在爆炸式增长，高盛预计，未来10年，AI推动的 全球数字基础设施+能源体系的投资规模将高达5万亿美元，其中，电网设备将是这场投资浪潮中最直 接的受益者。微软首席执行官纳德拉近期在BG2播客中也表示，当前AI算力扩张的真正瓶颈并非芯片供 应，而在于"电力供给"。 东吴证券认为，20 ...