In recent years, China's policy support for the R&D of major power equipment has accelerated the development of the power equipment manufacturing industry. Additionally, the growing market demand has significantly boosted its growth.

So far, domestic power equipment manufacturers have been actively participating in the capital market. On January 21st, Chint Electric was listed; on the 28th, Xiadian Electric was also listed. Additionally, there are several electric-related companies like Jinli Huada and Nandu Power starting their online applications for listing on April 8th. Entering the capital market has further strengthened the power equipment manufacturers' capabilities, bringing them closer to competing on an equal footing with international manufacturers. A national rural power grid renovation and upgrading work conference held recently has clearly stated that it aims to complete the rural power grid renovation and upgrading projects within about three years, with an estimated total investment of around 200 billion yuan, about two-thirds of which will be converted into orders for power equipment. It is expected that the new round of rural power grid upgrading will significantly boost the electrical equipment industry.