Core Viewpoint - The electric grid ETF (561380) has seen an increase of over 1%, indicating positive dynamics in the power equipment and grid equipment industry, driven by robust demand for grid infrastructure and technological advancements [1]. Industry Summary - The third batch of bidding for State Grid metering products has commenced, with a total of 16.96 million electric meters being bid, including A-level single-phase and B-level three-phase smart electric meters, reflecting steady demand for grid infrastructure [1]. - The "Qinggui" DC project has entered the feasibility study stage, utilizing ±800 kV ultra-high voltage direct current technology, which is expected to deliver 36 billion kWh of electricity annually to Guangxi, with 69% of this from clean energy, highlighting the importance of cross-regional transmission and renewable energy consumption [1]. - The OCP Global Summit is focusing on technological innovations, with trends such as modular AI infrastructure platforms, 250 kW two-phase cooling systems, and 800V DC power supply architectures likely to reshape the energy framework and drive industry upgrades [1]. - Overall, sustained investment in the electric grid, combined with technological iterations, maintains a high level of industry prosperity [1]. Company Summary - The electric grid ETF (561380) tracks the Hang Seng A-share Electric Grid Equipment Index (HSCAUPG), which selects listed companies involved in the manufacturing of transmission, transformation, distribution, and control equipment from the Chinese A-share market, reflecting the overall performance of securities related to electric grid equipment [1]. - The index components primarily cover the power equipment and related technology service sectors, concentrating on the trends in China's electric grid construction and intelligent upgrades [1].