GF Fund Hang Seng China A Power Grid Equipment ETF

TBEA Responds to Profit Decline and Xinte Energy's Lower Valuation Compared to Peers

Computing Network Inclusion in Infrastructure and Operator Token Plans Drive Grid Equipment Investment Surge

NARI-TECH released FY2025 annual earnings on April 29 After-Market BJT, actual revenue CNY 66.23 B (forecast CNY 65.38 B), actual EPS CNY 1.04 (forecast CNY 1.0358)

TJSMW released FY2026 Q1 earnings on April 29 After-Market BJT, actual revenue CNY 7.036 B, actual EPS CNY 0.06

TBEA released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 24.95 B (forecast CNY 26.44 B), actual EPS CNY 0.3614

Zhejiang Rongtai released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 376.12 M, actual EPS CNY 0.2

NARI-TECH released FY2025 Q4 earnings on April 29 After-Market (BJT), actual revenue CNY 27.65 B (forecast CNY 27.76 B), actual EPS CNY 0.4304 (forecast CNY 0.4234)

Hongfa released FY2026 Q1 earnings on April 29 After-Market BJT, actual revenue CNY 5.108 B (forecast CNY 4.824 B), actual EPS CNY 0.3129 (forecast CNY 0.2627)

NARI-TECH released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 9.564 B (forecast CNY 9.757 B), actual EPS CNY 0.09 (forecast CNY 0.095)

ZTT released FY2025 Q4 earnings on April 24 After-Market (BJT), actual revenue CNY 14.53 B (forecast CNY 15.73 B), actual EPS CNY 0.1658 (forecast CNY 0.22)

SIEYUAN released FY2026 Q1 earnings on April 24 After-Market (BJT), actual revenue CNY 4.569 B (forecast CNY 4.356 B), actual EPS CNY 0.7 (forecast CNY 0.81)

HTGD released FY2025 Annual Earnings on April 24 After-Market (BJT), Actual Revenue: CNY 66.85 B (Forecast: CNY 69.21 B), Actual EPS: CNY 1.1 (Forecast: CNY 1.235)

HTGD released FY2026 Q1 earnings on April 24 During-Market (BJT), actual revenue CNY 17.79 B (forecast CNY 15.3 B), actual EPS CNY 0.4563

ZTT released FY2026 Q1 earnings on April 24 Pre-Market (BJT), actual revenue CNY 13.14 B, actual EPS CNY 0.27

HTGD released FY2025 Q4 earnings on April 24 After-Market (BJT), actual revenue CNY 17.23 B (forecast CNY 19.94 B), actual EPS CNY 0.123 (forecast CNY 0.35)

ZTT released FY2025 earnings on April 24 After-Market (BJT), actual revenue CNY 52.5 B (forecast CNY 54.05 B), actual EPS CNY 0.851 (forecast CNY 0.9535)

Zhejiang Rongtai to Release FY2026 Q1 Earnings on April 30 After-Market (BJT)

Hongfa to Release FY2026 Q1 Earnings on April 30 After-Market (BJT), Forecast Revenue CNY 4.824 B, EPS CNY 0.2627

TJSMW to Release FY2026 Q1 Earnings on April 30 After-Market (BJT)

NARI-TECH to Release FY2025 Earnings on April 30 After-Market (BJT), Forecast Revenue CNY 65.38 B, EPS CNY 1.0358

GRID

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Wasion Americas, Inc. has announced a strategic partnership with Crytica Security, Inc. to enhance utility security at the grid edge. The collaboration will integrate Crytica's RDAi™ technology into Wasion's Aventa™ Electric Meter, enabling advanced device-level security. This partnership aims to provide real-time detection of cyber threats directly on smart meters, allowing utilities to activate security features without disrupting existing infrastructure.

prnewswire

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

ChinaAMC CSI Grid Equipment Thematic ETF

WASION HOLDINGS

09:25 ETWasion Americas and Crytica Security Announce Partnership to Enhance Utility Security at the Grid Edge

03393

Wasion Holdings (SEHK:3393) has won significant contracts in the State Grid Corporation of China's 2026 tender, valued at approximately RMB 382.91 million. Despite a recent share price of HK$25.98, analysts suggest it may be overvalued with a fair value estimate of HK$19.43. However, a DCF model indicates potential upside, estimating fair value at HK$43.73. The stock has shown strong year-to-date returns but faces risks from price competition and reliance on State Grid tenders.

Simplywall

Wasion Holdings (SEHK:3393) Valuation After Major 2026 State Grid Tender Win

Wasion Holdings Limited has secured major contracts worth approximately RMB383 million from the State Grid Corporation of China for 2026. The orders include around 827,000 smart meters and related transformers valued at RMB207.82 million, and 24,000 intelligent terminals worth RMB77.44 million. This positions Wasion as a leading supplier in the power sector, enhancing its competitive edge in the utility metering market.

Tip Ranks

Wasion Tops State Grid Tender With RMB383 Million in 2026 Orders

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Kerun Intelligent Control Co., LTD. has launched Integrated Transformer and Substation Solutions aimed at enhancing power reliability and efficiency for AI data centers and high-density computing facilities. This innovative solution addresses electrical challenges such as high-density loads and harmonic interference, featuring K-Factor harmonic-resistant transformers and FR3 vegetable oil-based fluid for improved safety and thermal management. The solution supports faster deployment and operational continuity, catering to the growing demands of AI infrastructure. Kerun emphasizes its commitment to providing reliable and scalable power systems for various sectors, including utility and renewable energy.

ChinaAMC CSI Infrastructure ETF

Glob X US Infra

iShares S&P Global Infra

Real-Design

05:10 ETKerun Launches Integrated Transformer and Substation Solutions to Power AI and High-Density Computing Facilities

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The Power Grid Equipment ETF E Fund (560390) rose by 3.09%, and the Hang Seng A-Share Power Grid Equipment Index (HSCAUPG) increased by 3.05%. As of April 14, this ETF saw a growth of 35 million shares in the past week, attracting 496 million yuan. The European Union plans to launch new energy policies to address the surge in oil and gas prices, promoting the construction of clean energy and smart grids. Huafu Securities pointed out that the power equipment sector is experiencing an upward trend, with accelerated investments from the State Grid and Southern Power Grid, ushering in a medium to long-term high prosperity cycle for the power grid industry

腾讯新闻 - 财经

Guotai Hang Seng China A Power Grid Equipment ETF

E Fund Hang Seng China A Power Grid Equipment ETF

TBEA

NARI-TECH

SIEYUAN

HTGD

The power grid equipment ETF from E Fund surged over 3%, as the power grid industry chain enters a medium to long-term high prosperity cycle

560390

The power grid equipment sector continues to adjust, with the Hang Seng China A Power Grid Equipment Index falling by 2.1%. China International Capital Corporation (CICC) pointed out that power grid investment is accelerating, with increased demand for ultra-high voltage construction and main network bidding, while the bidding for electric meters is approaching last year's levels, indicating an upward trend in the power grid industry chain. At the same time, power equipment exports maintain high growth, and domestic companies are expected to have profit elasticity

The power grid equipment sector continues to adjust, focusing on the long-term allocation value of the E Fund Hang Seng China A Power Grid Equipment ETF (560390)

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Currently, changes in the geopolitical landscape have made energy security a national strategy. The escalation of the situation in the Middle East has led to damage to oil and gas facilities, exacerbating global energy tensions and driving the energy substitution process in various countries. Investors can seize investment opportunities by focusing on ETF products related to power generation, power transmission, and energy storage, such as the CSI Green Power Index, Hang Seng China A Power Grid Equipment Thematic Index, and Guozheng New Energy Battery Index. These indices focus on the core segments of the power industry chain, characterized by low valuations and significant potential, especially in the context of the current global energy crisis, where the low valuation attribute is particularly prominent

E Fund CNI New Energy Battery ETF

Hwabao CSI Green Energy ETF

ICBCCS CNI NEV Battery ETF

FullGoal CSI Green Power ETF

Wanjia CNI NEV Battery ETF

E Fund CSI Green Power ETF

E Fund CSI New Energy ETF

Invesco Great Wall CNI New Energy Vehicle Battery ETF

Xingyin Guozheng New Energy Vehicle Battery ETF

ChinaAMC Green Electricity ETF

GF Fund CNI New Energy Battery ETF

CCB Principal Guozheng New Energy Vehicle Battery ETF

GF CNI New Energy Vehicle Battery ETF

Energy security is prioritized, what are the indices related to "electricity"?

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As of the end of the first quarter, the total market ETF size was approximately 4.99 trillion yuan, a decrease of about 1.03 trillion yuan compared to the end of last year. Despite the overall performance being dragged down by broad-based varieties, companies such as HFT Investment Management, Guotai Fund, and MaxWealth Fund achieved counter-cyclical growth, with increases of over 30 billion yuan, 16 billion yuan, and 14 billion yuan, respectively. Thematic ETFs such as power grid equipment, short-term bonds, gold, and satellite communication became the main directions for capital inflow, indicating that investors prefer to switch to segmented tracks and safe-haven assets

36Kr

Guotai CSI SH-SZ-HK Gold Industry Equity ETF

MaxWealth CSI SH-SZ-HK Gold Industry Equity ETF

Van Eck Associates Corp.

EFUND GOLD MI ETF

SPDR Gold Shares

SPDR Gold Minishares

Direxion Daily Jr Gold Miners Bull 2X

Microsectors Gold Miners 3x Leveraged ETN

ChinaAMC Gold ETF

VanEck Vectors Junior Gold Miners UCITS ETF

VanEck Vectors Gold Miners UCITS ETF

MaxWealth CNI Commercial Satellite Communication Industry ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Roundhill Gold Miners Weeklypay ETF

Sprott JR Gold Miners ETF

Pro Ultr GLD

VanEck Gold Miners ETF

iShares MSCI Global Gold Miners

EFUND GOLD MI-U

Sprott GLD Miners Etf

VanEck Junior Gold Miners ETF

Direxion Daily Gold Miners Bull 2X

EFUND GOLD MI-R

Abrdn Gold ETF Trust

Us Gbl GLD & Met

In the first quarter, the total scale of ETFs evaporated by over one trillion, while some companies went against the trend to "attract capital."

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China Energy Engineering Raises RMB6.5 Billion via Targeted A-Share Issuance

GF CSI All Share Power Public Service ETF

CH ENERGY ENG

Bosera CSI All Share Electric Utilities ETF

China Energy Engineering Raises RMB6.5 Billion via Targeted A-Share Issuance

On April 2nd, the power grid equipment sector fell under pressure from the broader market, with the Hang Seng A Power Grid Equipment Index dropping by 1.7%. The State Grid's fixed asset investment reached 75.7 billion yuan in January-February 2026, a year-on-year increase of 80.6%. Additionally, the State Grid launched two major projects in late March, including the 500 kV transmission and transformation project in Sichuan and the Panxi ultra-high voltage AC project, with total investments of 1.1 billion yuan and 23.2 billion yuan, respectively

Power grid construction is "full throttle," focusing on the medium to long-term investment value of the power grid equipment ETF E Fund (560390)

GF Fund Hang Seng China A Power Grid Equipment ETF(159320.SZ)

09:25 ETWasion Americas and Crytica Security Announce Partnership to Enhance Utility Security at the Grid Edge

Wasion Holdings (SEHK:3393) Valuation After Major 2026 State Grid Tender Win

Wasion Tops State Grid Tender With RMB383 Million in 2026 Orders

05:10 ETKerun Launches Integrated Transformer and Substation Solutions to Power AI and High-Density Computing Facilities

The power grid equipment ETF from E Fund surged over 3%, as the power grid industry chain enters a medium to long-term high prosperity cycle