Power grid equipment stocks continue to decline, ShunNa Shares approach the limit-down; a correction may present a good opportunity for strategic positioning.

(Source: Caixin)

Countries with high dependence on fossil fuels are accelerating their transition. The value logic of the new energy industry chain is shifting from “cost priority” to “security priority,” leading to a strategic reassessment. From power generation, transmission, to energy storage, each link carries the importance of ensuring energy independence.

On March 26, in the afternoon, the stock prices of power grid equipment companies continued to adjust, with ShunNa Shares (000533.SZ) approaching the limit-down. Several stocks, including Jinlihua Electric (300069.SZ), Zeyu Intelligent (301179.SZ), Pino Technology (920375.BJ), Yinneng Electric Power (920046.BJ), and Jicheng Electronics (002339.SZ), all fell more than 5%.

In terms of news, State Grid and China Southern Power Grid are leading the way in fixed asset investment, both achieving high year-on-year growth in January and February 2026. According to the official WeChat account of State Grid, in January-February this year, State Grid’s fixed asset investment totaled 75.7 billion yuan, an increase of 80.6% year-on-year. The support for grid infrastructure and investment-driven effects are significant, setting a new high for investment in the same period in history.

Recently, under geopolitical disturbances, the traditional energy supply chain has shown vulnerabilities. Countries are placing unprecedented emphasis on energy independence, making energy security a core issue. Some analysts believe that countries with high dependence on fossil fuels are accelerating their transition. The value logic of the new energy industry chain is shifting from “cost priority” to “security priority,” with strategic reevaluation. Every link—from power generation, transmission, to energy storage—carries the importance of safeguarding energy independence.

CICC states that in the power equipment sector, State Grid’s fixed asset investment in the first two months increased by over 80% year-on-year. The “14th Five-Year Plan” high-voltage transmission projects remain highly active. The Dalate-Mongxi high-voltage alternating current project has been approved, aiming to start construction in April 2026; State Grid has also initiated the first phase of pre-service and equipment bidding for 2026’s ultra-high voltage projects. We are optimistic about the deepening of market-oriented reforms in the power sector and the acceleration of ultra-high voltage construction, which will continue to support the improvement and efficiency of the new power system.

Massive information, precise analysis, all on Sina Finance APP.