国家发展改革委、国家能源局发布关于促进电网高质量发展的指导意见，其中提出，加大电网投资力 度。落实国家重大战略部署，适度超前、不过度超前开展电网投资建设，加大存量电网改造升级力度， 保障新型电力系统建设。鼓励符合条件的民间资本参与电网投资建设。优化电网企业投资经营考核管理 机制。 诚通证券认为，全球电网投资持续增长，以应对全球风光发电占比持续提高对电网的冲击，预计全球电 网投资将保持长期景气。发电侧方面，受益于风电、光伏行业的快速增长，全球电源端投资近几年增速 显著快于电网端投资，一方面提升了并网升压设备需求，另一方面电网需要加大投入以应对风光发电占 比提升带来的冲击。电网侧方面，发达经济体电网设备老旧，超过20年使用年限设备占比高，更新换代 需求迫切。国内电网设备公司将受益于电网投资增速中枢上移，同时海外出口业务有望保持稳定增长。 东莞证券认为，当前我国智能电网、西电东送、城乡电网改造等重要项目都需要大量的电网设备，并提 出了新的要求，高效、节能、环保的变压器将成为未来市场的主流，电源电网的转型升级为我国的电网 设备制造业创造了巨大的发展机遇。 ...

Market Overview - Major indices in China opened slightly lower, with the Shanghai Composite Index down 0.09%, the Shenzhen Component down 0.09%, and the ChiNext Index down 0.09% [1] - The Shanghai Composite Index closed at 3996.51, with a trading volume of 63.67 billion [2] - The Shenzhen Component Index closed at 13228.50, with a trading volume of 92.07 billion [2] - The NASDAQ Golden Dragon China Index fell by 1.46%, with notable declines in companies like Xpeng, NIO, and Baidu, which dropped over 2% [3] Industry Insights - CITIC Securities forecasts that the pharmaceutical industry will continue to be an overweight sector, driven by innovation and supportive policies, leading to stable growth in the domestic market [4] - China Galaxy Securities reports that the machinery industry has shown steady revenue growth, with total revenue reaching 18924 billion, a year-on-year increase of 8.43% [5] - Huatai Securities expresses optimism for the power grid equipment sector, highlighting a 47% and 44% increase in the unit price of new standard electric meters and transformers, respectively, indicating a recovery in profitability [6]