Group 1: Policy Expectations - Eight major policy expectations have been identified, covering areas such as monetary policy and consumption, with a focus on the new energy storage construction plan [1] - The upcoming meeting between China and the US in Spain will address issues including TikTok and potential tariffs on China and India [1][3] - The expectation for the resumption of government bond trading operations by the central bank has increased, as highlighted by recent articles from Securities Times and China Securities Journal [1][3] Group 2: Energy Storage - The National Development and Reform Commission and the National Energy Administration have issued the "New Energy Storage Scale Construction Action Plan (2025-2027)", which is expected to meet its goals ahead of schedule [2] - The plan includes various application scenarios, including AIDC, and anticipates a national pricing policy for energy storage capacity [2] - There is an expectation of price increases in the upstream supply chain for energy storage, particularly for energy storage cell prices [2] Group 3: Industry Growth Plans - The Ministry of Industry and Information Technology has released several industry growth action plans, including those for the electronic information manufacturing, automotive, and power equipment sectors for 2025-2026 [2] - The automotive plan has more detailed demand-driven policies and increased deployment for L3 autonomous driving compared to the 2023-2024 version [2] - The power equipment plan emphasizes a more detailed approach to main objectives and a shift in focus from demand to supply structure adjustments [2] Group 4: Other Policy Developments - Recent policies have been issued regarding public utilities, artificial intelligence, data elements, and the regulation of excessive competition [4] - The National Development and Reform Commission has solicited public opinions on the revised pricing and cost supervision methods for power transmission and distribution [4] - Various local governments, including Shanghai and Hangzhou, have released policies related to artificial intelligence [4]

此外，力争2025至2026年电力装备领域国家先进制造业集群年均营收增速7%，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。 电力装备稳增长方案将需求驱动、以质取胜、结构优化、安全可控作为核心内容。其中，在需求方面提出新的增长点，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。 方案中提出，力争2025至2026年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，新能源装备出口量实现增长。 此外，方案中提出，要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，引导企业合理有序开展海外布局。鼓励能源开发企业、 装备制造企业、金融机构组团出海。深化国际合作，鼓励零部件制造企业积极融入海外供应链。 央视网消息：工业和信息化部、市场监管总局、国家能源局9月12日发布《电力装备行业稳增长工作方案（2025—2026年）》。 我国发布电力装备行业稳增长方案 专家解读：方案聚焦企业创新驱动 果岩表示，电力装备行业积极拥抱高端化、智能化、绿色化转型，清洁高效发电装备、特高压交直流输变电成套装备等领域的技术水平将继续 引领全球，支撑我国在世界能源装备格局 ...

Core Viewpoint - The "Power Equipment Industry Stabilization Growth Work Plan (2025-2026)" aims to maintain a steady growth rate in traditional power equipment revenue and promote the development of new energy equipment, with specific targets set for revenue growth and international cooperation [1][2]. Group 1: Revenue Growth Targets - The plan targets an average annual revenue growth rate of approximately 6% for traditional power equipment from 2025 to 2026 [1]. - It aims for a 7% average annual revenue growth rate for national advanced manufacturing clusters in the power equipment sector and a 10% growth rate for leading enterprises [1]. Group 2: Demand and Structural Optimization - The core content of the plan emphasizes "demand-driven, quality-oriented, structural optimization, and safety control" [1]. - New growth points include accelerating the construction of projects such as the "Shagohuang" new energy base and integrated wind-solar-hydro bases [1]. Group 3: International Cooperation and Innovation - The plan encourages deepening cooperation with emerging market countries in the wind, solar, and energy storage sectors, guiding enterprises to conduct overseas layouts in an orderly manner [1]. - It emphasizes the importance of innovation and efficiency improvement in the power equipment industry, which is crucial for national economic stability and global competitiveness [2].

Core Viewpoint - The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration have issued a work plan for the power equipment industry for 2025-2026, aiming for stable growth in the sector. Group 1: Industry Goals - The power equipment industry aims for an average annual revenue growth rate of around 6% for traditional power equipment and steady growth for renewable energy equipment [1] - The production of power generation equipment is to be maintained within a reasonable range, ensuring effective supply, with an increase in the export volume of renewable energy equipment [1] - Key regions and enterprises are expected to enhance their driving role, with national advanced manufacturing clusters in the power equipment sector targeting an average annual revenue growth rate of 7% and leading enterprises aiming for 10% [1] Group 2: Industry Achievements - The power equipment industry has made significant progress, with a total installed power generation capacity reaching 3.65 billion kilowatts and breakthroughs in landmark achievements such as the 18 MW offshore wind turbine and the mass application of the "Hualong One" and "Guohe One" third-generation nuclear power units [1] - Renewable energy equipment has become a competitive area in China's manufacturing sector, with supply levels continuously improving to meet domestic demand [1] Group 3: Strategic Measures - The plan outlines measures to improve equipment supply quality, expand domestic effective demand, actively explore international markets, accelerate equipment promotion and application, strengthen standard support, optimize the industry development environment, promote digital and green transformation, and enhance industry chain collaboration [2]

新华社北京9月12日电 记者12日从工业和信息化部获悉，工业和信息化部、市场监管总局、国家能源局 三部门日前印发《电力装备行业稳增长工作方案（2025—2026年）》，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。 在供给侧，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；依托能源等领域国家科 技专项，新部署一批项目；提升装备智能化、绿色化水平。 在需求侧，依托大型风电光伏基地、海上风电基地、智能电网、抽水蓄能电站等能源领域重大工程建 设，稳定电力装备国内需求，充分利用全球能源绿色低碳转型的重要机遇，积极拓展海外市场。 在环境侧，落实好首台（套）推广应用政策，制定实施风电、光伏等行业规范，通过标准提升带动电力 装备质量提升和大规模设备更新，强化产业链协同，引导行业持续健康发展。 据了解，下一步，工业和信息化部将会同市场监管总局、国家能源局强化组织保障和调度分析，加强财 税支持和宣传引导，更好支撑电力装备行业稳增长。 方案还明确了一系列2025年至2026年电力装备行业稳增长主要目标：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 ...

Core Viewpoint - A new round of growth stabilization plans for ten key industries has been launched, focusing on maintaining reasonable growth rates and improving efficiency and structure in the context of changing external environments and internal economic adjustments [1][2]. Group 1: Reasons for Launching the Growth Stabilization Plans - The previous growth stabilization plan was initiated when the industrial added value growth rate was only 3.8%, amidst pressures from domestic demand contraction, supply shocks, and weakened expectations [2]. - Currently, the industrial economy is showing a positive trend, with a 6.4% year-on-year growth in industrial added value in the first half of the year, but challenges remain due to external complexities and structural contradictions [2][4]. - The new plans aim to enhance the quality of supply, optimize the development environment, and achieve both qualitative and reasonable quantitative growth in key industries [2][6]. Group 2: Key Industries Identified - The ten key industries targeted in the growth stabilization plans include steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, power equipment, light industry, and electronic information manufacturing [3][4]. - These industries collectively account for approximately 70% of the industrial output above designated size, indicating their critical role in stabilizing the industrial and national economy [4]. Group 3: Policy Focus Areas - The plans emphasize stimulating innovation by addressing both supply and demand sides, including enhancing technological innovation, quality standards, and promoting digital, intelligent, and green transformations [6][8]. - Artificial intelligence is highlighted as a key driver for innovation across the entire industrial chain, with specific initiatives in electronic information manufacturing and power equipment sectors [7][8]. - The plans also propose measures to upgrade traditional consumption, expand new consumption scenarios, and promote new business models [8][9]. Group 4: Opportunities for Enterprises - The plans provide tailored strategies for each segment of the industrial chain, signaling a shift from price competition to competition based on technology, quality, and brand [10]. - Specific innovation targets are outlined, such as developing high-performance lightweight XR devices and supporting key product innovation projects in new energy and smart grid equipment [10]. - Support measures for enterprises include tax incentives, platform construction for testing, and encouragement for small and medium enterprises to focus on differentiated development [10][11].

Core Viewpoint - The "Power Equipment Industry Growth Stabilization Work Plan (2025-2026)" aims to maintain a steady growth rate of around 6% in traditional power equipment revenue and promote growth in renewable energy equipment revenue by 2026 [1] Group 1: Industry Growth Targets - The plan sets a target for power generation equipment output to remain within a reasonable range, ensuring effective supply [1] - Key regions and enterprises are expected to enhance their driving role, with national advanced manufacturing clusters in the power equipment sector achieving an average revenue growth rate of around 7% [1] - Leading enterprises are projected to achieve an average revenue growth rate of 10% [1] Group 2: Key Initiatives - Improve equipment supply quality through coordinated implementation of industrial foundation reconstruction and major technical equipment breakthroughs [2] - Expand domestic effective demand by stabilizing power equipment demand through major energy projects and promoting the orderly construction of offshore wind power [2] - Actively explore international markets and deepen cooperation in green infrastructure and new infrastructure sectors [2] Group 3: Supportive Measures - Strengthen financial and tax support, including tax incentives for R&D expenses and resource utilization [3] - Establish a coordination mechanism for steady growth involving key enterprises and industry associations to address growth challenges [3] - Enhance public awareness and policy guidance to improve the implementation and influence of policies [3]

Core Viewpoint - A new round of growth stabilization plans for ten key industries has been launched, focusing on maintaining reasonable growth rates and improving efficiency and structure in the context of changing external environments and internal economic adjustments [1][2]. Group 1: Reasons for Launching the Growth Stabilization Plans - In 2023, the industrial added value growth rate was only 3.8%, necessitating measures to stabilize the industrial base amid domestic demand contraction and supply shocks [2]. - Currently, the industrial economy is showing a positive trend, with a 6.4% year-on-year growth in industrial added value in the first half of the year, but challenges remain due to external uncertainties and structural contradictions [2]. - The plans aim to enhance the quality of supply, optimize the development environment, and promote both qualitative and quantitative improvements in the industry [2]. Group 2: Key Industries Identified - The ten key industries targeted for growth stabilization include steel, non-ferrous metals, petrochemicals, chemicals, building materials, machinery, automobiles, electrical equipment, light industry, and electronic information manufacturing, which collectively account for about 70% of the industrial economy [3][4]. Group 3: Policy Focus Areas - The plans emphasize innovation and transformation on both the supply and demand sides, including strengthening technological innovation, quality standards, and promoting digital and green transformations [6]. - Artificial intelligence is highlighted as a crucial element in the plans, driving innovation across the entire industry chain from chips to smart terminals [7][8]. Group 4: Opportunities for Enterprises - The plans signal a shift from price competition to competition based on technology, quality, and brand, encouraging enterprises to focus on high-value-added products [10]. - Specific measures include tax incentives, support for key product innovation projects, and encouragement for small and specialized enterprises to develop differentiated products [10]. - The plans also emphasize the role of major projects in driving investment and consumption, which is vital for stabilizing and improving the quality of key industries [9]. Group 5: Future Potential - As the growth stabilization plans are implemented, the development potential of these key industries is expected to be continuously released [11].

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 Steady Growth Work Plan (2025-2026)", aiming for a stable growth trajectory in the power equipment sector, with specific revenue growth targets and strategic initiatives to enhance the industry's overall performance [1][2]. Group 1: Industry Goals and Performance - The main objectives for the power equipment industry from 2025 to 2026 include maintaining an average annual revenue growth rate of around 6% for traditional power equipment and ensuring steady growth in revenue for new energy equipment [1]. - The production of power generation equipment is expected to remain within a reasonable range, ensuring effective supply, while the export volume of new energy equipment is projected to increase [1]. - Key regions and enterprises are expected to play a stronger role, with the national advanced manufacturing clusters in the power equipment sector targeting an average annual revenue growth rate of approximately 7%, and leading companies aiming for a 10% growth rate [1]. Group 2: Industry Development and Achievements - The power equipment industry is a dominant and foundational sector of the industrial economy, significantly contributing to economic stability [1]. - Recent achievements in the industry include a total installed power generation capacity of 3.65 billion kilowatts, with notable breakthroughs such as the operation of 18-megawatt offshore wind turbines and the mass application of the "Hualong One" and "Guohe One" third-generation nuclear power units [1]. - New energy equipment has emerged as a competitive area for China's manufacturing sector, with supply levels continuously improving to meet domestic demand [1]. Group 3: Strategic Initiatives - The plan outlines a series of measures aimed at improving equipment supply quality, expanding domestic effective demand, actively exploring international markets, accelerating equipment promotion and application, strengthening standard support, optimizing the industry development environment, promoting digital and green transformation, and enhancing industry chain collaboration [2]. - These initiatives are designed to solidify the growth foundation of the power equipment industry and provide robust support for overall economic improvement [2].

Core Viewpoint - The "Power Equipment Industry Stabilization Growth Work Plan (2025-2026)" aims to support large-scale equipment updates in the energy sector using special long-term government bonds, guiding the industry towards high-quality development [1][2]. Group 1: Industry Growth Targets - The plan sets a target for traditional power equipment revenue growth to maintain an average annual increase of around 6% from 2025 to 2026, while ensuring stable growth in renewable energy equipment revenue [1]. - It aims to keep the production of power generation equipment within a reasonable range and increase the export volume of renewable energy equipment during the same period [1]. - The plan targets an average annual revenue growth of 7% for national advanced manufacturing clusters in the power equipment sector and around 10% for leading enterprises from 2025 to 2026 [1]. Group 2: Support Measures - The plan outlines four support measures, including organizational support, scheduling analysis, fiscal and tax support, and promotional guidance [2]. - It emphasizes fiscal support through tax incentives for R&D expenses and resource utilization, as well as encouraging financial institutions to provide innovative financial services to eligible power equipment companies [2]. Group 3: Technological and Environmental Initiatives - The plan promotes the integration of new information technologies with power equipment, enhancing the intelligence level of distribution busbars and accelerating the application of "5G + industrial internet" in the sector [2]. - It encourages the recycling of renewable energy equipment and the remanufacturing of high-value products like generators and gearboxes [2]. Group 4: Demand Expansion Strategies - The plan aims to stabilize demand for power equipment by leveraging major energy projects and accelerating the construction of large onshore wind and solar bases [3]. - It promotes the orderly development of offshore wind power and distributed development of wind and solar energy, while also advancing coal power upgrades and the elimination of outdated capacity [3]. - The plan includes the development of hydropower and nuclear power projects, optimizing the national power system design [3].