Core Viewpoint - The electric power equipment industry is a crucial sector for industrial economic growth, and the recently issued "Work Plan for Stabilizing Growth in the Electric Power Equipment Industry (2025-2026)" aims to enhance domestic demand, accelerate equipment application, and optimize the industry environment to achieve key economic development goals [1][3]. Summary by Sections Industry Overview - The electric power equipment industry is experiencing robust demand due to the global transition to a green and low-carbon energy structure, with China's installed power generation capacity reaching 3.65 billion kilowatts [2]. - Significant achievements include the operational integration of an 18 MW offshore wind turbine and the mass application of third-generation nuclear power units [2]. Goals of the Work Plan - The plan sets four main goals for the electric power equipment industry from 2025 to 2026: 1. Maintain an annual revenue growth rate of around 6% for traditional power equipment, with stable growth for renewable energy equipment. 2. Ensure reasonable production levels for power generation equipment and increase exports of renewable energy equipment. 3. Strengthen the leading role of key regions and enterprises, targeting a 7% annual revenue growth for advanced manufacturing clusters and 10% for leading companies. 4. Promote breakthroughs and applications of key equipment [3]. Policy Adjustments - The new plan reflects adjustments from the previous 2023-2024 plan, with a focus on differentiated planning for various types of equipment and an emphasis on increasing renewable energy equipment exports [3]. Strategic Focus - The plan emphasizes a coordinated approach addressing supply, demand, and environmental factors, aiming for quality improvements to drive reasonable growth [4][5]. Supply-Side Initiatives - The plan includes initiatives to enhance supply capabilities by improving equipment quality and promoting a green and intelligent transformation [7]. Demand-Side Strategies - Strategies to expand effective demand include stabilizing domestic demand through major projects and actively exploring international markets, particularly in wind, solar, and energy storage sectors [8]. Environmental Considerations - The plan outlines measures to optimize the industry environment, enhance competition, and support advanced manufacturing clusters, while also promoting innovation and product quality [8]. Investment Insights - In the first seven months of 2025, national power engineering investment reached 428.8 billion yuan, a 3.4% increase year-on-year, while grid engineering investment was 331.5 billion yuan, up 12.5% [8]. - Major high-voltage projects are set to commence, with total investments exceeding 800 billion yuan, which will stimulate the upstream and downstream supply chains [9].

Group 1: Report Title and Date - The report is titled "Guoxin Futures Ferroalloy Weekly Report: Supply and Demand Drag, Policy Support, Wait-and-See Approach" and dated September 12, 2025 [2] Group 2: Market Review - News Overview - Multiple banks in Shenzhen announced that starting from September 12, they will no longer distinguish between first - and second - home mortgages, and the specific mortgage rates will be determined based on multiple factors [5] - Eight departments in Henan Province jointly issued measures to support housing consumption, including increasing purchase subsidies and raising housing provident fund loan limits [5] - Three national departments issued a work plan for the power equipment industry from 2025 - 2026, aiming for an average annual revenue growth of about 6% for traditional power equipment and other goals [5] - From January to August, China's automobile production and sales exceeded 20 million for the first time, with year - on - year growth of 12.7% and 12.6% respectively [5] - Multiple regions in Jiangxi suspended subsidy activities for consumer goods replacement from September 12 at 24:00 [5] Group 3: Market Review - Manganese Silicon - Manganese silicon futures showed small fluctuations last week, spot prices remained flat, and the basis fluctuated slightly. The production of manganese silicon continued to rise while steel production decreased month - on - month. The supply - demand situation is expected to become looser, but with low current inventory, the price trend lacks a clear direction. The national capacity utilization rate of 187 independent silicon - manganese enterprises was 47.38%, an increase of 0.93% from the previous week, and the daily average output was 30,590 tons, an increase of 185 tons [49] - The report also presented data on manganese silicon's basis, price changes, and related production and demand indicators in different regions [9] Group 4: Market Review - Ferrosilicon - Ferrosilicon futures showed small fluctuations last week, spot prices rebounded slightly, and the basis changed little. Ferrosilicon production decreased month - on - month, and steel production also decreased. The national capacity utilization rate of 136 independent ferrosilicon enterprises was 34.84%, a decrease of 1.50% from the previous week, and the daily average output was 16,150 tons, a decrease of 280 tons [49] Group 5: Manganese Silicon Industry Chain Overview - The report covered aspects such as manganese ore prices, import volume, inventory, profit estimation, production, and demand in the manganese silicon industry chain [22][24][26] Group 6: Ferrosilicon Industry Chain Overview - The report analyzed ferrosilicon profit estimation, production, and demand in the ferrosilicon industry chain [38][41][46] Group 7: Outlook - For manganese silicon, due to high production levels, it is advisable to pay attention to energy prices and industrial policy changes and adopt a wait - and - see approach [49] - For ferrosilicon, its trend depends on energy price changes, and a wait - and - see approach is also recommended [49]

今日（9月12日），国家发改委、国家能源局印发《新型储能规模化建设专项行动方案（2025—2027 年）》。其中提出，到2027年，全国新型储能装机规模达到1.8亿千瓦以上，带动项目直接投资约2500 亿元。 与此同时，工信部、市场监管总局、国家能源局印发《电力装备行业稳增长工作方案（2025-2026 年）》。其中提到，加快推进陆上大型风电光伏基地，推动海上风电规范有序建设。积极推进风电和光 伏发电分布式开发、水风光一体化开发。稳步推进核电开发，积极安全有序推动一批沿海核电项目核准 建设。 储能、光伏、核电、风电等领域，迎来大消息！ A股市场上，相关概念股集体异动。截至记者发稿，德明利、科华数据、太原重工、润建股份、嘉泽新 能等10多只个股涨停。 其中提到，加快推进陆上大型风电光伏基地，推动海上风电规范有序建设，积极推进风电和光伏发电分 布式开发、水风光一体化开发。积极稳妥推动重大水电建设，积极有序开发建设抽水蓄能。稳步推进核 电开发，积极安全有序推动一批沿海核电项目核准建设。推进智能微电网建设和电源电网侧储能应用， 提高电网对清洁能源接纳、配置和调控能力。 强化电力装备行业自律，营造良性竞争环境。研究制定 ...

新华社北京9月12日电（记者王悦阳）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。 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长；重点地区、重点企业带动作用加强，电力装备领域国家 先进制造业集群年均营收增速7%左右，龙头企业年均营收增速10%左右；推动一批标志性装备攻关突 破和推广应用。 近年来，全球能源结构绿色低碳转型加速推进，我国正加快构建新型电力系统，为电力装备行业带来旺 盛需求，整体来看，电力装备行业稳增长形势良好。 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 ...

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].

近期，国内部署一批重大能源工程。随着国际上"一带一路"国家和地区需求不断提升，电力装备行业迎 来新机遇。 工业和信息化部、市场监管总局、国家能源局12日对外发布《电力装备行业稳增长工作方案（2025— 2026年）》（以下简称《方案》）。 在部分领域国内需求承压的情况下，《方案》提出新的增长点。在需求侧明确要加快"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，同时，通过专项在新能源、智能电网装备等 领域支持一批关键核心产品创新项目，保障装备供给能力，实现需求侧与供给侧精准对接。 在通过一批水、火、风、光、核及特高压等重大能源工程保障国内需求的同时，《方案》还明确国际市 场开拓方向，提出要积极参与全球能源绿色低碳转型，发挥好双多边合作机制作用，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，拓展电力装备海外市场。 《方案》提出通过提升装备供给质量、扩大国内有效需求、积极开拓国际市场、加快装备推广应用、强 化标准支撑引领、优化行业发展环境、推动数字化绿色化转型、强化产业链协同等8项举措，夯实电力 装备行业增长基础。 工信部有关负责人表示，三部门通过制定《方案》，统筹好供给和需求、 ...

据工业和信息化部网站12日消息，日前，工业和信息化部、市场监管总局、国家能源局印发《电力装备 行业稳增长工作方案(2025-2026年)》，其中提到，力争2025—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；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 出口量实现增长。全文如下： 二、主要目标 近年来，全球能源结构绿色低碳转型加速推进，我国正加快构建新型电力系统，为电力装备行业带来旺 盛需求，整体来看，电力装备行业稳增长形势良好。2025—2026年主要目标是：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；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长；重点地区、重点企业带动作用加强，电力装备领域国家先进制造业集群年均 营收增速7%左右，龙头企业年均营收增速10%左右；推动一批标志性装备攻关突破和推广应用。 三、工作举措 (一)提高装备供给质量。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，进一步提 升电力装备供给水平。推动"锻长板"，加快风电等新能源装备产业高质量发展，巩固优势产业领先地 位，实施新型储能技术 ...

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]