Group 1: Industry Policies - The Ministry of Industry and Information Technology and other departments issued the "Power Equipment Industry Steady Growth Work Plan (2025-2026)", targeting a 6% annual revenue growth for traditional power equipment and stable revenue growth for new energy equipment [1] - The plan emphasizes the acceleration of major energy projects and the support for key product innovation projects in new energy and smart grid equipment [1] - The National Development and Reform Commission and the National Energy Administration released guidelines for the construction of power spot markets, focusing on reliable capacity assessment mechanisms for various power sources [2] Group 2: Financial Support and Funding - The Ministry of Industry and Information Technology, the Ministry of Finance, and the Financial Regulatory Bureau announced the implementation of the 2025 insurance compensation policy for major technical equipment [3] - The policy supports all fields listed in the "Guidance Directory for the Promotion and Application of Major Technical Equipment (2024 Edition)" [4] - In Shanghai's Pudong New Area, a call for project applications for new energy technology development funding was issued, with a subsidy of up to 30% of fixed asset investment for eligible projects [5][7] Group 3: Technological Advancements - The first intelligent inspection substation in Anshun has been launched, significantly improving operational efficiency by automating inspection processes [12][13] - The world's first plateau hydropower unit production and research base has been established in Tibet, aimed at enhancing the development of high-capacity hydropower units [14] - The first 630℃ unit has achieved a significant milestone in its commissioning, marking a breakthrough in high-efficiency coal-fired power generation technology [15] Group 4: Major Projects and Developments - The largest onshore wind power project in China, with a total installed capacity of 1.5 million kilowatts, has commenced commercial operation, showcasing advancements in wind energy technology [19][20] - A new digital intelligent substation in Shandong has been successfully put into operation, enhancing the local power grid structure [16][17] - The first commercial unit of the "Taihang 110" heavy-duty gas turbine has been produced, marking a new phase in the commercialization of domestically developed gas turbines [18] Group 5: Patent Applications and Innovations - Zhejiang Yingji Power Technology has applied for a patent for a self-driven steam heating system, aimed at improving energy efficiency in industrial steam supply [24] - China Yangtze Power and Dongfang Electric have jointly applied for a patent for an online monitoring method for turbine shaft seal temperatures, enhancing measurement accuracy [25][26] - Huaneng has obtained a patent for a flow path designed to suppress vortex formation in axial flow turbines, contributing to improved turbine performance [27]

新华财经北京9月12日电（记者李唐宁刘旭阳）9月12日，工业和信息化部联合市场监管总局、国家能源 局印发的《电力装备行业稳增长工作方案（2025—2026年）》（以下简称《方案》）正式公布。其中提 出，到2026年，我国传统电力装备年均营收增速保持6%左右，新能源装备营收稳中有升，龙头企业年 均营收增速10%左右。分析人士认为，我国电力装备的存量改造市场巨大、增量市场空间广阔，输配电 装备等多个细分赛道将迎来机遇。 传统电力装备年均营收增速保持6%左右,新能源装备营收稳中 右升 发电装备产量保持在合理区间,供给得到有效保障,新能源装备 出口量实现增长 重点地区、重点企业带动作用加强,电力装备领域国家先进制造 业集群年均营收增速7%左右,龙头企业营收增速10%左右 推动一批标志性装备攻关突破和推广应用 三、工作举措 � (一) 提高装备供给质量 统筹实施产业基础再造和重大技术装备攻关,突破一批标志性装备。 35 推动"锻长板" 203 加快"补短板" 依托国家科技专项,统筹推进一批 加快风电等新能源装备产业高质量 关键零部件攻关突破 发展,巩固优势产业领先地位 (二) 扩大国内需求 依托能源领域重大工程项目,稳 ...

Core Viewpoint - The electric equipment industry is a crucial sector for industrial economic growth, and the recently issued "Electric Equipment Industry Stabilization Growth Work Plan (2025-2026)" aims to enhance domestic demand, accelerate equipment application, and optimize the industry environment to support economic stability [1][3]. Summary by Sections Policy and Market Response - The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration jointly released the plan, which has positively impacted the A-share electric equipment sector, leading to significant stock price increases for several companies [1]. - The electric equipment industry is experiencing robust demand due to the global transition to a green and low-carbon energy structure, with the current installed power generation capacity reaching 3.65 billion kilowatts [2]. Goals and Adjustments - The plan sets four main goals for the electric equipment industry from 2025 to 2026, including maintaining a 6% annual revenue growth for traditional electric equipment and increasing the export volume of new energy equipment [3]. - Compared to the previous plan, the new plan emphasizes differentiated planning for various types of equipment and includes a focus on international market expansion [3]. Strategic Focus Areas - The plan emphasizes three strategic areas: enhancing the combination of quality supply and effective demand, integrating domestic and international markets, and aligning economic growth with industrial upgrading [4]. - The Ministry of Industry and Information Technology highlights the importance of quality improvement to drive reasonable growth in quantity [5]. Supply and Demand Initiatives - On the supply side, the plan aims to enhance supply capacity by improving equipment quality and promoting green and intelligent transformation [7]. - On the demand side, it seeks to expand effective domestic demand through major engineering projects and actively explore international markets, particularly in wind, solar, and energy storage sectors [8]. Environmental and Infrastructure Development - The plan proposes several measures to optimize the industry environment, including promoting innovative product applications and enhancing industry standards [8]. - Significant investments in high-voltage power projects are expected to exceed 800 billion yuan, which will support the upstream and downstream supply chains and accelerate energy transition [9].

Core Viewpoint - The electric power equipment industry is a crucial sector for industrial economic growth, and the recently issued "Work Plan for Stabilizing Growth in the Electric Power Equipment Industry (2025-2026)" aims to enhance domestic demand, accelerate equipment application, and optimize the industry environment to achieve key economic development goals [1][3]. Summary by Sections Industry Overview - The electric power equipment industry is experiencing robust demand due to the global transition to a green and low-carbon energy structure, with China's installed power generation capacity reaching 3.65 billion kilowatts [2]. - Significant achievements include the operational integration of an 18 MW offshore wind turbine and the mass application of third-generation nuclear power units [2]. Goals of the Work Plan - The plan sets four main goals for the electric power equipment industry from 2025 to 2026: 1. Maintain an annual revenue growth rate of around 6% for traditional power equipment, with stable growth for renewable energy equipment. 2. Ensure reasonable production levels for power generation equipment and increase exports of renewable energy equipment. 3. Strengthen the leading role of key regions and enterprises, targeting a 7% annual revenue growth for advanced manufacturing clusters and 10% for leading companies. 4. Promote breakthroughs and applications of key equipment [3]. Policy Adjustments - The new plan reflects adjustments from the previous 2023-2024 plan, with a focus on differentiated planning for various types of equipment and an emphasis on increasing renewable energy equipment exports [3]. Strategic Focus - The plan emphasizes a coordinated approach addressing supply, demand, and environmental factors, aiming for quality improvements to drive reasonable growth [4][5]. Supply-Side Initiatives - The plan includes initiatives to enhance supply capabilities by improving equipment quality and promoting a green and intelligent transformation [7]. Demand-Side Strategies - Strategies to expand effective demand include stabilizing domestic demand through major projects and actively exploring international markets, particularly in wind, solar, and energy storage sectors [8]. Environmental Considerations - The plan outlines measures to optimize the industry environment, enhance competition, and support advanced manufacturing clusters, while also promoting innovation and product quality [8]. Investment Insights - In the first seven months of 2025, national power engineering investment reached 428.8 billion yuan, a 3.4% increase year-on-year, while grid engineering investment was 331.5 billion yuan, up 12.5% [8]. - Major high-voltage projects are set to commence, with total investments exceeding 800 billion yuan, which will stimulate the upstream and downstream supply chains [9].

Core Insights - The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration released the "Power Equipment Industry Steady Growth Work Plan (2025-2026)" aiming for a reasonable growth target in the sector [1] - The plan targets an average annual revenue growth rate of around 6% for traditional power equipment and a steady increase in revenue for new energy equipment, with an emphasis on boosting exports [1] - The plan emphasizes "demand-driven, quality-oriented, structural optimization, and safety control" as its core principles, identifying new growth points and accelerating the construction of key projects [1] Industry Growth Targets - The plan aims for an average annual revenue growth rate of 7% for national advanced manufacturing clusters in the power equipment sector and 10% for leading enterprises [1] - Specific projects highlighted include the "Shagehuang" new energy base, integrated wind-solar-water bases, and ultra-high voltage power transmission channels [1] International Cooperation - The plan encourages deepening cooperation with emerging market countries across the entire industrial chain in wind power, photovoltaics, and energy storage [1] - It promotes organized overseas expansion for energy development companies, equipment manufacturers, and financial institutions, as well as encouraging component manufacturers to integrate into global supply chains [1] Market Reaction - Following the policy announcement, the power equipment sector saw a rise in stock prices, with companies like Kehua Data and Wolong Electric Drive reaching their daily limit up, and others like Weili Transmission and Electric Wind Power increasing by over 5% [2]

近期，国内部署一批重大能源工程。随着国际上"一带一路"国家和地区需求不断提升，电力装备行业迎 来新机遇。 工业和信息化部、市场监管总局、国家能源局12日对外发布《电力装备行业稳增长工作方案（2025— 2026年）》（以下简称《方案》）。 在部分领域国内需求承压的情况下，《方案》提出新的增长点。在需求侧明确要加快"沙戈荒"新能源基 地、风光水一体化基地和特高压电力外送通道等项目建设，同时，通过专项在新能源、智能电网装备等 领域支持一批关键核心产品创新项目，保障装备供给能力，实现需求侧与供给侧精准对接。 在通过一批水、火、风、光、核及特高压等重大能源工程保障国内需求的同时，《方案》还明确国际市 场开拓方向，提出要积极参与全球能源绿色低碳转型，发挥好双多边合作机制作用，深化与新兴市场国 家在风电、光伏、储能等领域全产业链合作，拓展电力装备海外市场。 《方案》提出通过提升装备供给质量、扩大国内有效需求、积极开拓国际市场、加快装备推广应用、强 化标准支撑引领、优化行业发展环境、推动数字化绿色化转型、强化产业链协同等8项举措，夯实电力 装备行业增长基础。 工信部有关负责人表示，三部门通过制定《方案》，统筹好供给和需求、 ...