没有股票账户的投资者可关注国泰恒生A股电网设备ETF发起联接A（023638），国泰恒生A股电网设备 ETF发起联接C（023639）。 注：指数/基金短期涨跌幅及历史表现仅供分析参考，不预示未来表现。市场观点随市场环境变化而变 动，不构成任何投资建议或承诺。文中提及指数仅供参考，不构成任何投资建议，也不构成对基金业绩 的预测和保证。如需购买相关基金产品，请选择与风险等级相匹配的产品。基金有风险，投资需谨慎。 （文章来源：每日经济新闻） 中信建投指出，全球电力设备需求已进入上行周期。需求侧保持旺盛，全球新能源装机增长、电网升级 改造/建设、数据中心等用户侧增量，从用电/发电/输电侧带来需求增量。国际能源署预测到2027年全球 电力消费将以接近4%的年增长率持续增长。供给侧方面，全球供需仍相对偏紧，自2021年以来大型电 力变压器的平均交货周期几乎翻倍，2019年以来电力变压器价格上涨约75%，项目成本增加且延期风险 加剧。中国作为电力设备制造大国出口景气度较好，2025年1-4月电力相关变压器累计出口超130亿元， 同比高增50%左右，其中大容量变压器是增量的核心来源。 消息面上，国家能源局于6月5日发布《关 ...

Group 1 - The core viewpoint of the article highlights the accelerated construction of the main grid and the upgrade of distribution networks, driving multi-dimensional development in the power grid equipment industry [1] - The second batch of winning bids for State Grid's transmission and transformation equipment reached 17.64 billion, marking a year-on-year increase of 13%, and setting a new record for a single batch [1] - Cumulatively, the first two batches of bids have seen a year-on-year growth of 17% [1] Group 2 - In the distribution network sector, the State Grid has announced four batches of procurement for distribution transformers and five batches for integrated products, with an expected total amount exceeding 6.5 billion [1] - The National Development and Reform Commission and the Energy Administration have issued the "Basic Rules for the Electricity Auxiliary Service Market," indicating that the market-oriented reform of auxiliary services has entered a systematic implementation phase [1] - The overall industry is characterized by "accelerated main grid construction, upgraded distribution networks, and deepened market-oriented reforms" [1] Group 3 - The Electric Grid ETF (561380) tracks the Hang Seng A-Share Electric Grid Equipment Index (code: HSCAUPG), which reflects the overall performance of listed companies in the electric grid equipment sector in China [1] - Investors without stock accounts can consider the Guotai Hang Seng A-Share Electric Grid Equipment ETF Initiated Link A (023638) and Link C (023639) [1]