In the first half of 2026, construction of new power systems accelerated. The two major power grids maintained high fixed asset investment, ultra-high voltage and distribution network projects were implemented at an accelerated pace, and demand for installed energy storage continued to be released. From the execution of large-scale framework orders for power grid equipment, to a sharp rise in the revenue and profit of energy storage companies, to the restoration of profits in the lithium battery materials sector, semi-annual reports of listed companies in the power equipment and energy storage industry chain revealed signs of cycle recovery. Industry insiders pointed out that although the sector is in an upward cycle of demand, structural differentiation objectively exists, and the pace of implementation of subsequent projects will become the core yardstick for testing the sustainability of the industrial chain.

In the first half of 2026, construction of new power systems accelerated. The two major power grids maintained high fixed asset investment, ultra-high voltage and distribution network projects were implemented at an accelerated pace, and demand for installed energy storage continued to be released. From the execution of large-scale framework orders for power grid equipment, to a sharp rise in the revenue and profit of energy storage companies, to the restoration of profits in the lithium battery materials sector, semi-annual reports of listed companies in the power equipment and energy storage industry chain revealed signs of cycle recovery. Industry insiders pointed out that although the sector is in an upward cycle of demand, structural differentiation objectively exists, and the pace of implementation of subsequent projects will become the core yardstick for testing the sustainability of the industrial chain.