The power grid equipment sector is fluctuating and strengthening, with significant stock differentiation, and ETFs are experiencing continuous capital inflows.

GateUser-bd883c58 · 2026-04-02T09:19:45+00:00

On March 30th, the power grid equipment sector experienced a slight upward fluctuation, with a significant divergence in overall performance. Stocks such as Hengtong Optoelectronics and Qifan Cable hit the daily limit, while some stocks like Southern Power Grid Power Supply pulled back. The Hang Seng A-shares Power Grid Equipment Index rose 0.5%, with a year-to-date increase of 22.2%. The E Fund Power Grid Equipment ETF recorded a net inflow of 40 million yuan last week, reminding investors to be cautious of risks.

GateUser-bd883c58

2026-04-02 09:19:45

Abstract generation in progress

On March 30, the power grid equipment sector opened lower in the early session, then traded with fluctuations and moved higher. The overall market showed clear divergence. Component stocks exhibited a pattern of both a “surge in limit-up moves + pullbacks” coexisting: Hengtong Optoelectronics and Qifan Cable notched strong limit-up gains; Zhongtian Technology rose by more than 7%; and Sairui New Materials climbed by more than 6%. Meanwhile, individual stocks such as Nanswang Power, Samsung Medical, and Hivision Electric & Power experienced pullbacks. By the close, the Hang Seng A-share power grid equipment index was up 0.5%, and the sector displayed strong resilience amid the fluctuations.

Judging from index characteristics and industry attributes (data source: Wind, as of March 27, 2026):

Hang Seng A-share power grid equipment theme index: the gain since the beginning of the year reached 22.2%, with an annualized gain of 23.2% since its launch. In terms of industry mix, transmission and distribution equipment accounted for 32.0%, power grid automation equipment for 20.8%, and communication cables and related components for 15.5%. The top three industries combined made up 68.3%, focusing on leading power grid equipment companies.

CSI power grid equipment theme index: the gain since the beginning of the year reached 26.7%. It also covers the entire power grid equipment industry chain, with slightly lower concentration among leading firms.

The flow of funds shows that, according to Wind data, the power grid equipment ETF from E Fund Tracking the Hang Seng A-share power grid equipment index—E Fund (560390)—received a net inflow of 40 million yuan last week. Its latest AUM reached 1.59 billion yuan. The product’s management fee + custody fee is only 0.2%/year, including a management fee rate as low as 0.15%/year.

Risk warning: Funds involve risks; invest cautiously.

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