Investment Rating - The report maintains a "Buy" rating for the electric power equipment sector [7][22]. Core Insights - The explosive growth of the AI Agent application OpenClaw is becoming a significant catalyst in the global AI industry chain, with a total token call volume reaching 10.4 trillion tokens in March 2026, marking a 30% week-on-week increase [6][15]. - The report highlights the potential for the Chinese wind power industry chain to expand its overseas market share due to cost and delivery advantages, particularly in light of the UK's recent policy changes that eliminate import tariffs on wind power components [20][21]. Summary by Sections Investment Viewpoint - The OpenClaw ecosystem is driving a surge in token calls, which is expected to enhance the demand for domestic computing power, IDC, and related electric power equipment industries in the medium to long term [15][18]. - The UK’s cancellation of import tariffs on wind power components is anticipated to accelerate offshore wind installations, with an estimated investment of £22 billion [20][21]. Industry Dynamics - The electric power equipment sector has shown strong performance, with a 55.8% increase over the past 12 months, outperforming the Shanghai Composite Index [3][4]. - The report emphasizes the importance of the AI Agent paradigm in increasing inference computing power demand, which will benefit the domestic computing power industry chain and accelerate the construction of AI data centers [18][19]. Key Companies and Profit Forecasts - The report identifies key companies to watch, including Goldwind Technology, Daikin Heavy Industries, and others, with specific earnings per share (EPS) and price-to-earnings (PE) ratios provided for 2024 to 2026 [10][23]. - For instance, Goldwind Technology is projected to have an EPS of 0.44 in 2024, increasing to 0.78 by 2026, with a PE ratio decreasing from 71.43 to 40.29 over the same period [10][23].