Group 1 - The hydropower sector is experiencing a significant turnaround due to better-than-expected autumn floodwater, creating investment opportunities [1] - In September, the inflow of major river basins increased by over 50% year-on-year, leading to a 74% year-on-year increase in power generation from four major hydropower stations on the Yangtze River [1] - Thermal power is benefiting from a consensus on stable electricity and coal prices, with Qinhuangdao Q5500 thermal coal prices rising from 699 CNY/ton to 799 CNY/ton from early October to November 5 [1] Group 2 - The electricity sector is expected to see high year-on-year growth in winter electricity demand due to low base effects and improved long-term electricity price expectations [1] - The public utility nature of the electricity sector is being reinforced, which is likely to elevate valuation levels [1] - The market is shifting towards dividend and value stocks, making the electricity sector's investment value clearer [1] Group 3 - The CSI Green Power Index includes core beneficiaries of the new power system construction, balancing investments in nuclear and transitioning thermal power companies [2] - The Green Power ETF from E Fund offers a packaged investment in leading companies in wind, solar, hydropower, and transitioning thermal power, providing a quality tool for capturing the beta of the new power system transition [2]