CITIC Securities pointed out that in the 2026 power equipment industry, it is proposed to focus on a dual main line layout of “steady increase in domestic demand and breakthrough volume in external demand”. The two types of targets correspond to different market style preferences, and together form a core investment opportunity for the power equipment industry in 2026. External demand side — focuses on leading enterprises and sector benchmarks with deep layout and multi-product collaborative export capabilities in overseas markets; domestic demand side — focuses on the main benefit lines of the “15th Five-Year Plan” investment, focuses on improving transactions with expectations in the direction of policy, investment, etc., and focuses on enterprises benefiting targets such as UHV improvement, flexible acceleration, and digital intelligence improvement.

CITIC Securities pointed out that in the 2026 power equipment industry, it is proposed to focus on a dual main line layout of “steady increase in domestic demand and breakthrough volume in external demand”. The two types of targets correspond to different market style preferences, and together form a core investment opportunity for the power equipment industry in 2026. External demand side — focuses on leading enterprises and sector benchmarks with deep layout and multi-product collaborative export capabilities in overseas markets; domestic demand side — focuses on the main benefit lines of the “15th Five-Year Plan” investment, focuses on improving transactions with expectations in the direction of policy, investment, etc., and focuses on enterprises benefiting targets such as UHV improvement, flexible acceleration, and digital intelligence improvement.