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]

Core Viewpoint - The article discusses the "Work Plan for Stable Growth in the Power Equipment Industry (2025-2026)" released by several government agencies, highlighting the expected growth and strategic initiatives for the power equipment sector in China [3][9]. Summary by Sections Overall Requirements - The plan aims to guide the power equipment industry towards high-quality development while ensuring stable growth, aligning with national strategies for carbon neutrality and energy transition [10]. Main Goals - The primary targets for 2025-2026 include maintaining an average revenue growth rate of around 6% for traditional power equipment, ensuring stable growth for new energy equipment, and achieving a 10% average revenue growth for leading enterprises [11]. Work Measures - **Improving Equipment Supply Quality**: Focus on enhancing the quality of power equipment and promoting innovation in key components [12]. - **Expanding Domestic Demand**: Stabilize demand through major energy projects and promote the development of wind and solar energy [13]. - **International Market Expansion**: Strengthen cooperation with emerging markets in the wind, solar, and energy storage sectors [14]. - **Accelerating Equipment Application**: Promote the adoption of innovative power equipment through supportive policies [15]. - **Optimizing Industry Development Environment**: Foster a competitive environment and support industry self-regulation [15]. - **Strengthening Standard Support**: Improve standards in the power equipment sector to enhance quality and facilitate large-scale equipment updates [16]. - **Promoting Green and Intelligent Transformation**: Integrate new technologies with power equipment to enhance efficiency and sustainability [16]. - **Enhancing Industry Chain Collaboration**: Encourage collaboration among enterprises to stabilize industry growth [16]. Guarantee Measures - **Strengthening Organizational Support**: Enhance coordination among departments and encourage local governments to implement supportive measures [17]. - **Strengthening Monitoring and Analysis**: Establish mechanisms for monitoring industry growth and addressing challenges [17]. - **Strengthening Financial Support**: Implement tax incentives and encourage financial institutions to support power equipment enterprises [17]. - **Strengthening Publicity and Guidance**: Promote policy awareness and share successful case studies to enhance the effectiveness of the plan [18].

Core Viewpoint - The recent release of the "Power Equipment Industry Stabilization and Growth Work Plan (2025-2026)" aims to enhance the growth foundation of the power equipment industry through eight key measures, responding to the increasing demand from countries and regions involved in the Belt and Road Initiative [1][2]. Summary by Sections Industry Growth and Development - The power equipment industry is a foundational sector in the industrial economy, with significant achievements, including a total installed power generation capacity of 3.65 billion kilowatts and breakthroughs in offshore wind power and nuclear power technologies [2]. - The new plan emphasizes a more precise approach to address emerging challenges, focusing on demand-driven strategies, quality over quantity, and structural optimization [2]. New Growth Points - The plan identifies new growth points amid domestic demand pressures, including accelerating the construction of renewable energy bases and high-voltage power transmission projects [3]. - It aims to support key innovative projects in renewable energy and smart grid equipment to ensure supply capacity aligns with demand [3]. Growth Targets - The plan sets reasonable growth targets, aiming for a 6% average annual revenue growth for traditional power equipment from 2025 to 2026, with an increase in renewable equipment exports [4]. - It also targets a 7% average revenue growth for advanced manufacturing clusters in the power equipment sector and a 10% growth for leading enterprises [4]. Supply Capacity Enhancement - The plan proposes improving equipment supply quality and promoting green and intelligent transformation by integrating new information technologies with power equipment [5]. - It emphasizes stabilizing demand through major engineering projects and expanding into global markets, particularly in green infrastructure and new energy sectors [5]. Development Environment Optimization - The plan highlights the importance of optimizing the development ecosystem, enhancing competition, and strengthening standard support to improve equipment quality and facilitate large-scale updates [5]. - It also focuses on supporting advanced manufacturing clusters and nurturing high-quality small and medium-sized enterprises [5].

Core Viewpoint - The Ministry of Industry and Information Technology, along with other regulatory bodies, has issued a work plan for the power equipment industry aimed at maintaining steady growth from 2025 to 2026, targeting an average revenue growth rate of around 6% for traditional power equipment and stable growth for new energy equipment [1][3]. Overall Requirements - The plan emphasizes the importance of adhering to the principles of stability and progress, promoting high-quality development, and facilitating a green and low-carbon energy transition [2]. Main Goals - The primary goals for 2025-2026 include maintaining a 6% average revenue growth for traditional power equipment, ensuring reasonable production levels, and increasing exports of new energy equipment. Key regions and enterprises are expected to drive growth, with advanced manufacturing clusters in the power equipment sector aiming for a 7% revenue growth [3]. Work Measures - **Improving Equipment Supply Quality**: Focus on enhancing the quality of power equipment through technological breakthroughs and innovation in key components [4]. - **Expanding Domestic Demand**: Leverage major energy projects to stabilize demand for power equipment, including the development of wind and solar energy projects [4]. - **Exploring International Markets**: Strengthen cooperation in green infrastructure and expand overseas markets for power equipment [5]. - **Accelerating Equipment Application**: Promote the application of innovative products in the power equipment sector and support major technology equipment through insurance compensation policies [6]. - **Optimizing Industry Environment**: Foster a competitive environment and establish industry standards to guide the development of the power equipment sector [6]. - **Strengthening Standard Support**: Enhance the standard system in the power equipment field to improve quality and facilitate equipment updates [7]. - **Promoting Green and Intelligent Transformation**: Encourage digital transformation and the integration of new technologies in the power equipment sector [7]. - **Enhancing Industry Chain Collaboration**: Support advanced manufacturing clusters and promote collaboration among enterprises in the power equipment industry [8]. Assurance Measures - **Strengthening Organizational Support**: Enhance collaboration among departments and encourage local governments to implement supportive measures for the power equipment industry [8]. - **Strengthening Monitoring and Analysis**: Establish mechanisms for monitoring industry growth and addressing challenges faced by key enterprises [8]. - **Strengthening Financial Support**: Implement tax incentives and financial services to support the development of the power equipment sector [9]. - **Strengthening Publicity and Guidance**: Promote policy awareness and share successful case studies to enhance the effectiveness of the growth strategies [9].

Core Viewpoint - The Ministry of Industry and Information Technology, along with other agencies, has issued a plan to stabilize growth in the power equipment industry for 2025-2026, targeting an average revenue growth of around 6% for traditional power equipment and steady growth for new energy equipment [1][3][4]. Group 1: Industry Growth Targets - The plan aims for an average revenue growth rate of approximately 6% for traditional power equipment and stable growth for new energy equipment during 2025-2026 [4][14]. - It seeks to maintain power generation equipment production within a reasonable range and achieve growth in new energy equipment exports [5][14]. - The average revenue growth rate for national advanced manufacturing clusters in the power equipment sector is targeted at around 7%, with leading enterprises aiming for a 10% growth rate [6][14]. Group 2: Key Initiatives - The plan emphasizes the integration of new-generation information technology with power equipment to enhance smart transformation [8][25]. - It includes measures to expand domestic demand by leveraging major energy projects and promoting the development of large-scale wind and solar power bases [8][17]. - The plan encourages international market expansion and participation in global energy transitions, aiming to enhance the quality of power equipment and brand image [19][20]. Group 3: Supportive Measures - Four main supportive measures are proposed: strengthening organizational support, conducting scheduling analysis, providing financial and tax incentives, and enhancing publicity [10][28]. - Financial support includes tax incentives for R&D expenses and encouraging financial institutions to offer innovative services to eligible power equipment companies [10][28]. - The plan also aims to optimize the industry environment by promoting self-discipline and fair competition within the power equipment sector [23][24].

Group 1 - The core objective of the "Power Equipment Industry Stabilization and Growth Work Plan (2025-2026)" is to maintain an average annual revenue growth rate of around 6% for traditional power equipment and ensure stable growth for renewable energy equipment [1] - The plan aims to keep the production of power generation equipment within a reasonable range, ensuring effective supply and increasing the export volume of renewable energy equipment [1] - Key regions and enterprises are expected to enhance their driving role, with the national advanced manufacturing cluster in the power equipment sector targeting an average annual revenue growth rate of around 7%, and leading enterprises aiming for a 10% growth rate [1] Group 2 - The plan emphasizes expanding domestic effective demand by relying on major engineering projects in the energy sector to stabilize the demand for power equipment [1] - It includes initiatives to accelerate the development of large onshore wind and photovoltaic bases, promote orderly construction of offshore wind power, and advance distributed development of wind and solar power [1] - The plan also focuses on the digital transformation of power equipment enterprises, integrating new generation information technology with power equipment, and enhancing the efficiency of electric motors, transformers, and distribution equipment [2]

Core Viewpoint - The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration have issued the "Power Equipment Industry Stabilization Growth Work Plan (2025-2026)", aiming to maintain steady growth in the power equipment sector and promote the integration of new energy technologies [1][2]. Group 1: Revenue and Growth Targets - The plan sets a target for traditional power equipment to achieve an average annual revenue growth rate of around 6% from 2025 to 2026 [1]. - The revenue of the national advanced manufacturing clusters in the power equipment sector is expected to grow at an average annual rate of 7%, while leading enterprises aim for a 10% average annual revenue growth [1]. Group 2: Demand Expansion and Project Development - The plan emphasizes expanding domestic effective demand by stabilizing power equipment needs through major energy projects [1]. - It includes initiatives to accelerate the development of large onshore wind and photovoltaic bases, promote orderly construction of offshore wind power, and advance distributed development of wind and solar energy [1]. Group 3: Green and Intelligent Transformation - The plan promotes the deep integration of new information technologies with power equipment, accelerating the green upgrade and transformation of equipment [2]. - It encourages enterprises in the power equipment sector to accelerate digital transformation and improve the efficiency of electric motors, transformers, and distribution equipment [2].

Core Viewpoint - The Ministry of Industry and Information Technology, along with other regulatory bodies, has issued a work plan for the power equipment industry aimed at maintaining steady growth from 2025 to 2026, targeting an average revenue growth rate of around 6% for traditional power equipment and stable growth for new energy equipment [1][4]. Summary by Sections Overall Requirements - The plan emphasizes the importance of adhering to the principles of Xi Jinping's New Era Socialism, focusing on high-quality development and the green low-carbon transition in energy [3]. Main Goals - The primary goals for 2025-2026 include: - Maintaining a 6% average revenue growth for traditional power equipment - Ensuring stable revenue growth for new energy equipment - Keeping power generation equipment output within a reasonable range - Increasing the export volume of new energy equipment - Achieving a 7% average revenue growth for advanced manufacturing clusters in the power equipment sector - Aiming for a 10% average revenue growth for leading enterprises [4]. Work Measures - **Improving Equipment Supply Quality**: Focus on enhancing the supply level of power equipment through technological breakthroughs and innovation in key components [5]. - **Expanding Domestic Effective Demand**: Leverage major energy projects to stabilize demand for power equipment, including the development of wind and solar energy projects [5]. - **Exploring International Markets**: Strengthen cooperation in green infrastructure and expand overseas markets for power equipment [6]. - **Accelerating Equipment Promotion and Application**: Implement policies to support the promotion of innovative products in the power equipment sector [7]. - **Optimizing Industry Development Environment**: Foster a competitive environment and support industry self-regulation [7]. - **Strengthening Standard Support**: Improve the standard system in the power equipment field to enhance quality and facilitate equipment updates [8]. - **Promoting Green and Intelligent Transformation**: Encourage the integration of new information technologies with power equipment to enhance efficiency and sustainability [8]. - **Enhancing Industry Chain Collaboration**: Support advanced manufacturing clusters and promote collaboration among enterprises in the power equipment sector [8]. Guarantee Measures - **Strengthening Organizational Support**: Enhance collaboration among departments and encourage local governments to implement supportive measures [9]. - **Strengthening Scheduling and Analysis**: Establish mechanisms for monitoring industry growth and addressing challenges [9]. - **Strengthening Financial and Tax Support**: Implement tax incentives and financial services to support high-quality development in the power equipment sector [10]. - **Strengthening Promotion and Guidance**: Conduct policy promotion and manage expectations to maximize the effectiveness of the policies [10].

Core Viewpoint - The "Power Equipment Industry Stabilization Growth Work Plan (2025-2026)" aims to maintain a steady growth in traditional power equipment revenue and promote the development of new energy equipment, with specific targets for revenue growth and production output [1][2]. Group 1: Revenue and Production Goals - The plan sets a target for traditional power equipment to achieve an average annual revenue growth rate of around 6% from 2025 to 2026 [1]. - New energy equipment revenue is expected to show stable growth, with key regions and enterprises driving the market [1]. - The average annual revenue growth for national advanced manufacturing clusters in the power equipment sector is targeted at around 7%, while leading enterprises aim for a 10% growth rate [1]. Group 2: Demand Expansion Strategies - The plan emphasizes expanding domestic effective demand by leveraging major energy projects to stabilize power equipment demand [1]. - It includes initiatives to accelerate the development of large onshore wind and photovoltaic bases, as well as orderly construction of offshore wind power [1]. - The plan promotes the phased elimination of outdated capacity and the development of major hydropower projects and pumped storage [1]. Group 3: Green and Intelligent Transformation - The plan advocates for the deep integration of new information technology with power equipment, accelerating the green upgrade and transformation of equipment [2]. - It encourages enterprises in the power equipment sector to accelerate digital transformation across all processes and enhance the intelligence level of distribution busbars [2]. - The plan also promotes the recycling of wind and solar equipment and encourages the remanufacturing of high-value products like generators and gearboxes [2].

Core Viewpoint - The Ministry of Industry and Information Technology, along with other regulatory bodies, has released a work plan for the power equipment industry aimed at stabilizing growth from 2025 to 2026, focusing on expanding domestic demand, accelerating equipment promotion, and optimizing the industry environment [1][2]. Supply Side - The plan emphasizes improving the quality of equipment supply and promoting a green and intelligent transformation. It aims to enhance the supply level of power equipment through the implementation of industrial foundation reconstruction and breakthroughs in key technologies [2][3]. - A focus on high-quality development of new energy equipment, particularly in wind power, is highlighted, alongside the implementation of innovative actions in new energy storage technology [2][3]. Demand Side - The plan aims to stabilize demand for power equipment by leveraging major engineering projects and accelerating the development of large-scale onshore wind and photovoltaic bases, as well as promoting orderly construction of offshore wind power [2][3]. Environmental Aspects - The plan outlines measures to optimize the industry environment, including enhancing self-discipline within the power equipment sector and fostering a competitive environment. It also includes the development of industry standards for wind power equipment manufacturing [3]. - The integration of new-generation information technology with power equipment is encouraged, aiming for a green upgrade and digital transformation across the industry [3].