Guotai Hang Seng China A Power Grid Equipment ETF

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

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

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)

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

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)

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

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)

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)

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)

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

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 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)

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

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

Jinpan Smart Technology released FY2026 Q1 earnings on April 23 After-Market (BJT), actual revenue CNY 1.523 B (forecast CNY 1.523 B), actual EPS CNY 0.25

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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

GF Fund 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

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On April 15th, the stock prices of power grid equipment surged, with DALIAN INSULATOR and hlgf hitting the daily limit, and companies like Baile Electric also rising. Western Securities pointed out that domestic power grid investment will accelerate in 2026, with the three major power grids' investment exceeding 160 billion yuan in the first quarter, and ultra-high voltage projects advancing simultaneously. A report from Morgan Stanley indicates that starting in 2024, the global power and equipment industry will enter a super cycle, with this upward cycle expected to last until 2030, as global power demand and capital expenditure continue to rise

hlgf

DALIAN INSULATOR

ChinaAMC CSI Grid Equipment Thematic ETF

Morgan Stanley

BENEFO

Tianwei

Jinpan Smart Technology

Western Securities

CHINA POWER

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Morgan Stanley: The upward cycle of China's power and grid equipment is expected to continue until after 2030, with DALIAN INSULATOR, hlgf, and others hitting the limit up

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Year-to-date, industry-themed ETFs in sectors such as grid equipment, chemicals, semiconductor materials and equipment, and non-ferrous metals have recorded significant net capital inflows of RMB 24.5 billion, RMB 21.795 billion, RMB 19.2 billion, and RMB 8.288 billion, respectively. Some sub-sectors have benefited from the drive of artificial intelligence, becoming key choices for capital allocation

Wallstreetcn

E Fund Artificial Intelligence ETF

China Universal CSI Subdivision Non-Ferrous Metal Industry Theme ETF

Ping An CSI Artificial Intelligence ETF

Hwabao WP CSI Subdivision Chemical Industry Theme ETF

Guotai CSI Subdivision Chemical Industry Theme ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Fullgoal CSI Subdivision Chemical Industry Theme ETF

Hwabao WP CSI Non-ferrous Metal ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

ChinaAMC CSI Artificial Intelligence ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Multiple Sub-sector ETFs Achieve Significant Net Inflows Year-to-Date

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."

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)

The export of power grid equipment continues to grow, with the Guotai Hang Seng China A Power Grid Equipment ETF (561380) experiencing a net inflow of over 250 million yuan for four consecutive days. Products such as transformers, switch control equipment, and wires and cables are showing strong growth momentum at the beginning of 2026, with transformer exports increasing by 38.9% year-on-year. The power grid equipment ETF tracks the Hang Seng China A Power Grid Equipment Index and focuses on the manufacturing of power transmission and distribution equipment. Risk warning: Individual stock analysis does not constitute investment advice, and investment should be approached with caution

The export of power grid equipment is showing good momentum, with continuous capital allocation. The Guotai Hang Seng China A Power Grid Equipment ETF (561380) has seen a net inflow of over 250 million yuan for four consecutive days

The overall export of power equipment is improving. On March 25th, the Guotai Hang Seng China A Power Grid Equipment ETF (561380) rose over 2.3%. Caixin Securities pointed out that the export of power equipment shows resilience and sustainability, with core categories such as transformers and wires and cables maintaining high growth rates, while products like low-voltage switches and power cabinets exhibit recovery characteristics. The export of power supply equipment is gradually recovering, with the decline in photovoltaics and inverters narrowing, and wind power and lithium batteries remaining stable and upward. Overall, the fundamentals of power equipment exports are solid, and the industry's prosperity is positively trending upward

The overall export of power equipment is improving, and the Guotai Hang Seng China A Power Grid Equipment ETF (561380) has risen over 2.3%, attracting attention to the industry's prosperity

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Against the backdrop of escalating geopolitical conflicts and rising energy security anxieties, global energy prices have surged significantly, revealing the vulnerabilities of traditional energy supply chains. Countries are placing greater emphasis on energy independence, and the value logic of the new energy industry chain is shifting from "cost first" to "security first." Recommended investment tools include new energy ETFs, photovoltaic ETFs, power grid equipment ETFs, energy storage battery ETFs, and battery ETFs, all of which possess strong resilience and growth prospects

FB ASIA EGY STR

GX CN CLN EN

Hua Xia CSI New Energy Vehicles ETF

Invesco Solar ETF

Global X Lithium & Battery Tech

Fisr Trust Nasdaq Clean Edge Smart Grid Infra

Global X Solar ETF

First Trust S-Network Future Vehicles & Tech ETF

Amplify Lithium & Battery Tech ETF

Penghua SSE STAR New Energy ETF

First Trust Nasdaq Clean Edg Liquid Series

ALPS Clean Energy ETF

GF CSI All Share Power Public Service ETF

Bosera CSI All Share Electric Utilities ETF

iShares S&P Global Clean Energy

Under energy security, the global strategic value of new energy has significantly increased. How to choose core beneficiary investment tools?

Guotai Hang Seng China A Power Grid Equipment ETF(561380.SH)

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

Morgan Stanley: The upward cycle of China's power and grid equipment is expected to continue until after 2030, with DALIAN INSULATOR, hlgf, and others hitting the limit up

Multiple Sub-sector ETFs Achieve Significant Net Inflows Year-to-Date

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)

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