（编辑 丛可心） 证券日报网讯 1月28日，柯力传感在互动平台回答投资者提问时表示，目前，公司国际业务布局稳步推 进，产品已成功进入全球多个市场，覆盖多个国家和地区。公司智能传感器系列产品可广泛应用于电力 监测领域，为电网智能化升级与安全高效运行提供关键技术支撑。未来，公司将继续积极响应国家战 略，深化国际市场拓展与技术融合创新。 ...

记者丨凌晨 编辑丨朱益民 伴随着电网建设进入高强度投资周期，电力板块景气度高增。 1月22日，A股三大指数集体上涨。电网设备ETF连续10个交易日获得资金净流入，合计"吸金"108.39亿元。 产业链企业随之受益。以中国西电为例，1月19日—21日该公司连续3个交易日内日收盘价格涨幅偏离值累计超20%。截至1月23日， 中国西电 报15.94元/股，总市值达817.1亿元，年内股价上涨超75%，周内上涨超22%。 这一市场波动的背景，来自多重因素的集体催化。 一方面，在全球能源转型加速、人工智能算力爆发的背景下，电网设备需求正在陆续释放。 天风证券研报表示，欧洲数据中心加速建设下电力供需矛盾显现，进一步催生海风和电力互联需求，欧洲电网改造需求持续高增，利好主网变 压器、开关。 另一方面，国内学界从底层技术层面，为电力装备的效能提升与产业升级提供新的解决方案。 如西安电子科技大学团队成功将粗糙的"岛状"界面转变为原子级平整的"薄膜"，已发表在《自然·通讯》与《科学进展》上。 市场行情、宏观政策与技术突破，正共同勾勒出电力产业链变革的清晰图景。 " 4万亿"投资燃情 在能源转型与清洁能源消纳的关键时期，国家电网" ...

2026年1月19日，电网设备板块反复活跃。截至9:42，电网设备主题指数强势上涨5.98%，成分股电科院 涨超12%，大连电瓷、双杰电气、汉缆股份、华明装备、积成电子、宏盛华源均涨停。 多家机构认为，国家电网4万亿投资计划夯实了"十五五"期间行业稳健增长预期，特高压、电网智能 化、出海三大主线确定性较强，同时受益于新能源消纳、AI数据中心用电需求等多重催化，行业整体 处于高景气周期。 相关产品方面，天弘中证电网设备主题指数(A类：025832，C类：025833)紧密跟踪电网设备主题指 数，中证电网设备主题指数选取80只业务涉及特高压产业、智能电网建设等领域的上市公司证券作为指 数样本，反映电网设备主题上市公司证券的整体表现。如果想分享AI算力发展的红利，天弘中证电网 设备值得关注。 感兴趣的小伙伴，上支付宝、天天基金、京东金融等渠道搜索：天弘中证电网设备主题指数（A类： 025832，C类：025833），即可了解详情。 风险提示：观点仅供参考，不构成投资建议，市场有风险，投资需谨慎。投资者在购买基金前应仔细阅 读基金招募说明书与基金合同，请根据自身投资目的、投资期限、投资经验等因素充分考虑自身的风险 承 ...

Group 1: Policy and Development Goals - The National Development and Reform Commission and the National Energy Administration released guidelines to promote high-quality development of the power grid, aiming for "West-to-East Power Transmission" to exceed 420 million kilowatts by 2030, with an additional inter-provincial power mutual assistance capacity of around 40 million kilowatts [1] - The guidelines support renewable energy generation to account for approximately 30% of total generation by 2030 and aim to enhance distributed renewable energy capacity to 900 million kilowatts, along with supporting over 40 million charging infrastructure units [1] Group 2: Technological Integration and Investment - The development of a new power system requires the integration of main and distribution networks, emphasizing the need for an open attitude towards various technologies to accommodate high proportions of renewable energy [3] - There is a call for increased investment in the power grid, with a focus on appropriate preemptive planning and significant upgrades to existing grid infrastructure, while encouraging private capital participation in grid investment [3] Group 3: Company Insights - State Grid NARI Technology Co., Ltd. (国电南瑞) is a leader in the smart grid industry, with over 75% market share in provincial dispatch systems and notable performance in AI diagnostics and overseas market expansion [6] - XJ Electric Co., Ltd. (许继电气) specializes in ultra-high voltage equipment, holding over 40% market share in DC converter valves, with significant growth in orders and breakthroughs in overseas markets [6] - Sifang Automation Co., Ltd. (四方股份) is a core supplier of power automation systems, leading in domestic relay protection devices and extending into emerging areas like virtual power plants [6] - TBEA Co., Ltd. (特变电工) holds over 30% market share in ultra-high voltage transformers and has a significant presence in over 60 countries, with synergistic effects in photovoltaic inverter business and grid upgrades [6] - Siyuan Electric Co., Ltd. (思源电气) focuses on high-voltage switchgear and has a strong technological advantage in grid safety monitoring, with an AI diagnostic false positive rate below 0.1% [6]

Group 1 - The report from China Post Securities indicates that by December 31, 2025, the National Development and Reform Commission and the National Energy Administration will promote high-quality development of the power grid, with the "West-to-East Power Transmission" scale exceeding 420 million kilowatts by 2030, and an additional inter-provincial power exchange capacity of around 40 million kilowatts, supporting renewable energy generation to account for approximately 30% [1] - The report emphasizes the need for the integration of main and distribution networks in the new power system, suggesting an open attitude towards various technologies for high proportions of renewable energy consumption, while advocating for increased investment in the power grid [1] - The report highlights the importance of balancing safety and efficiency in the power grid, with a focus on enhancing transmission efficiency and economic viability while maintaining reasonable planning and construction rhythms for transmission channels [2] Group 2 - The report outlines the necessity for advanced planning of distribution facilities, indicating that the distribution network must evolve into a bidirectional interactive system, which is crucial for supporting distributed renewable energy and improving asset utilization [2] - It discusses the role of smart microgrids in reducing the complexity of flow calculations and their potential to minimize impacts on the grid, while stressing that overall safety must remain a priority [2] - The report recommends focusing on companies such as Guodian NARI (600406.SH), Sifang Co., Ltd. (601126.SH), Guodian Nanzhong (600268.SH), and Jinzhitech, as they align with the trends of grid safety and renewable energy consumption [2]

Core Viewpoint - The introduction of an intelligent protection device for transformers in high-altitude areas marks a significant advancement in ensuring the reliability of power grids in challenging environments [1][2]. Group 1: Device Development and Features - The intelligent closed-type neutral point protection device for transformers has passed on-site acceptance, specifically designed for high-altitude regions [1]. - This device addresses issues such as large discharge gap variability and high false action rates associated with traditional air-insulated protection systems [1]. - The device incorporates a closed tank filled with insulating medium, which houses protection gaps, arc sensors, and fast switches, enhancing operational reliability [1]. Group 2: Technological Innovations - The device features intelligent upgrades, including real-time monitoring and diagnostic capabilities, facilitating a shift from periodic maintenance to condition-based maintenance in substations [1]. - It has been granted four patents and has two core journal papers published, indicating a strong foundation in research and development [2]. Group 3: Future Applications and Impact - The device is expected to be applied in similar environments such as the Qinghai-Tibet Plateau and Yunnan-Guizhou Plateau, strengthening the safety of the national energy corridor in the western region [2].

Group 1 - The company maintains a stable order backlog in its core business segments of smart grid monitoring and renewable energy, with strategic plans for business expansion in 2026 [2] - The company emphasizes the growth potential in the secondary equipment market, driven by domestic substitution, market updates, and the application of new technologies such as artificial intelligence [3] - The company has established a strong competitive advantage through product innovation, a stable customer base, and an efficient service system, positioning itself as a key supplier to major clients like State Grid and Southern Grid [4] Group 2 - The company collaborates closely with core suppliers to optimize quality, delivery efficiency, and costs, implementing a comprehensive quality management system to ensure stable and efficient product delivery [5]

Core Viewpoint - The successful completion of the 220 kV Yuling Substation comprehensive automation renovation project by the Ulanqab Power Supply Company enhances the safety and stability of the regional power grid [1][3]. Group 1: Project Overview - The project took four months to complete, transitioning from summer to winter, and is the first full station backend replacement project for the Ulanqab Power Supply Company [3]. - The project team implemented an innovative "dual backend operation" model to address the challenge of "full station power outage" during traditional renovations [3]. Group 2: Technical Achievements - The renovation involved significant work, including the upgrade of core equipment at the substation, with a total of 51 protection, measurement and control, recording, and DC screen cabinets replaced [3]. - The team updated 22 switch cabinet protection and measurement control devices, thereby refreshing the core control equipment configuration of the substation [3]. Group 3: Operational Efficiency - During the construction, each completed interval's power outage was smoothly integrated into the new backend system, while the remaining unrenovated intervals operated under the synchronized dual backend, achieving the goal of "renovation without power outage and uninterrupted supply" [3]. - The maintenance team optimized work processes by pre-raising the screen cabinets and completing wiring tasks, significantly reducing on-site construction time and minimizing the impact on users' power supply [3].

Core Viewpoint - The demand for transformers is continuously growing both domestically and internationally, driving the intelligent and large-scale upgrade of power grid construction, which aligns well with the company's substation inspection products [1] Company Summary - The company has developed its own intelligent inspection algorithm model and robotic products for substations, which can be widely adapted to various intelligent operation and maintenance scenarios in substations [1] - These products significantly enhance the efficiency of power grid inspections and safety assurance levels while effectively reducing labor costs and operational risks [1] - The related products have been successfully implemented and are operating stably in multiple power grid projects, receiving positive market feedback [1] - The company aims to seize the important opportunities presented by the intelligent transformation of the power grid, further iterating core technologies, expanding product application scenarios, and increasing market coverage to create long-term stable value returns for investors [1]

Core Insights - The introduction of the RJ1300 dual-arm collaborative power distribution robot marks a significant advancement in the use of robotics for live-line work in Chongqing, enhancing operational efficiency and safety [1][2] Group 1: Technology and Innovation - The RJ1300 robot incorporates advanced technologies such as multi-sensor fusion for intelligent perception, visual servo-based intelligent planning, and data-driven learning for autonomous upgrades, ensuring high voltage safety and electromagnetic compatibility [1] - The robot achieved a "zero electric shock" safety standard, providing complete physical isolation between operators and high voltage environments, which is a critical breakthrough in safety technology [2] Group 2: Operational Efficiency - The robot completed the live-line connection task for three wires in just 35 minutes, reducing the time taken by 35 minutes compared to manual operations, demonstrating a significant improvement in efficiency [1] - Overall, the efficiency of operations using the RJ1300 robot is reported to be over 40% higher than traditional manual methods, alongside a notable increase in work quality [2] Group 3: Future Developments - Chongqing Electric Power plans to expand the application of dual-arm power distribution robots across various scenarios and simultaneously develop specialized talent for intelligent live-line operations, aiming for a transition towards "fewer personnel and unmanned" operations [2]