Power equipment stocks advanced in Hong Kong trading. At the time of writing, SH ELECTRIC (02727) rose 7.38% to HK$4.80, while HARBIN ELECTRIC (01133) gained 4.45% to HK$23.92. DONGFANG ELEC (01072) increased 3.29% to HK$33.92.

A research report from Everbright Securities indicated that structural power shortages in the United States are creating long-term, high-certainty investment opportunities, with gas turbines, power equipment, and energy storage being key beneficiaries. In the gas turbine sector, overseas leading companies face capacity constraints amid strong market demand, creating opportunities for Chinese firms to increase their market share. The report recommended focusing on companies such as DONGFANG ELEC and SH ELECTRIC.

Additionally, on January 15, State Grid Corporation of China announced that during the "16th Five-Year Plan" period, its fixed-asset investments are projected to reach RMB 4 trillion, representing a 40% increase compared to the "14th Five-Year Plan" investments. This initiative aims to expand effective investment and drive high-quality development across the new power system industry chain and supply chain.