According to reports, SUN.KING TECH (00580) surged over 14% in afternoon trading, currently trading up 11.86% at HKD 13.3, with a turnover of HKD 87.67 million. The increase follows a recent UBS report that expresses a more optimistic outlook on the demand for China's power market, forecasting an 8% growth from 2028 to 2030, double the earlier estimates, which bodes well for capital expenditures in power equipment and grid infrastructure starting next year. Zhongtai International notes that during the 14th Five-Year Plan period, ultra-high voltage projects will primarily focus on flexible transmission technology, positioning SUN.KING as a leading supplier of domestic power transmission and distribution components with ample orders on hand and steadily increasing related revenue. Additionally, suggestions within the 14th Five-Year Plan aim to promote future industries, such as nuclear fusion energy, as new economic growth points. Notably, on September 8, SUN.KING's Swiss subsidiary, Astrol, announced a collaboration with an innovative company in the nuclear fusion sector, which will utilize Astrol's power switch solutions to control currents in cutting-edge nuclear fusion systems. This new order further underscores Astrol’s leading technology in the nuclear fusion power electronics field.