Energy · 1.12

Power Equipment

Quantified news impact based on deduplicated, quality-reviewed events in a single 20-day window.

Average net impact+20weighted per event

Average gross impact23absolute weighted average

Events24same period

Confidence76%model average

Raw intensity57before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed1.2 / day

Concentration6%

Direction disagreement13%

Source independence98%11 sources

IMPACT TREND

20-day effective impact

Positive 22 · Negative 2 · Mixed 0

+320-32

15 Jul0 events

16 Jul0 events

18 Jul0 events

20 Jul0 events

21 Jul0 events

23 Jul0 events

25 Jul0 events

+16

26 Jul12 events

28 Jul5 events

+28

30 Jul3 events

31 Jul0 events

+32

2 Aug4 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term21%116 cumulative effective impact

Medium term69%373 cumulative effective impact

Long term10%53 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 3 · 24 events

Macro6

Macro3 Aug, 08:00positive

Central Government Rolls Out ‘Two Priorities, Six Networks’ Plan with Over 7 Trillion Yuan in 2026

China is accelerating major infrastructure construction under the ‘two priorities’ and ‘six networks’ plan, with 2026 investment estimated to exceed 7 trillion yuan. The Three Gorges New Waterway started construction in June, marking a landmark project. In the first half, internet services investment rose 39.9%, water transport 19.8%, power supply 19.4%, and air transport 11%, while private capital in water network projects surged 85.8%. Full-year ultra-long bonds of 800 billion yuan have been allocated, and projects are entering the peak construction season to translate policy into tangible progress.

Effective: +56
Intensity: 80
Confidence: 80%
Horizon: Medium term

Macro31 Jul, 12:01positive

NDRC to Accelerate AI Law Legislation, National AI Computing Power Surges 2.8-Fold

China's National Development and Reform Commission (NDRC) announced plans to accelerate the legislative process for an artificial intelligence law, aiming to establish a key institutional framework and provide a distinctive AI governance approach. As of the end of June 2026, the national AI computing power scale had reached 2.8 times that of the same period in 2025, with AI-related industries expanding by over 30%. The NDRC emphasized the need for risk monitoring and human-centered development. Additionally, estimates indicate that the computing network during the 15th Five-Year Plan period will attract RMB 4 trillion in direct investment.

Effective: +41
Intensity: 72
Confidence: 85%
Horizon: Long term

Macro28 Jul, 08:19positive

NDRC and NEA Issue Renewable Energy 15th Five-Year Plan, Setting Four Targets

The National Development and Reform Commission and the National Energy Administration have jointly unveiled the Renewable Energy Development 15th Five-Year Plan. The plan, covering the 2026–2030 period, sets out targets in four areas: total renewable energy volume, power generation, non-electric utilization, and reliable substitution. It provides a policy framework to guide the sector’s development over the next five years.

Effective: +38
Intensity: 80
Confidence: 82%
Horizon: Medium term

Macro29 Jul, 13:23negative

FCC Updates Restricted Equipment List, New Overseas High-End Robots and Power Inverters Principally Ineligible

The U. S. Federal Communications Commission (FCC) updated its Restricted Equipment List on July 28, making new high-end robot equipment and power inverters from overseas in principle ineligible for FCC equipment authorization. The ban prohibits imports, advertising, and sales in the United States. No new inverter models will be approved for certification, affecting future sales, though previously certified models remain salable.

Effective: -35
Intensity: 75
Confidence: 85%
Horizon: Short term

Macro3 Aug, 16:46positive

NDRC and NEA Issue 15th Five-Year Power Plan for Coal-Fired Flexibility Retrofits and New Energy Integration

China's National Development and Reform Commission and National Energy Administration have issued the 15th Five-Year Plan for Building a New-Type Power System, requiring existing coal-fired units to undergo wide-load high-efficiency retrofits and limiting the coal consumption increase under low-load operation to within 25%. The plan supports coal power and new energy integration projects, and calls for flexibility retrofits of all eligible existing units by 2030. Combined heat and power units must achieve minimum power output below 40%, with heat-power decoupling encouraged to maintain stable heating.

Effective: +29
Intensity: 50
Confidence: 70%
Horizon: Medium term

Macro27 Jul, 10:52positive

Guangzhou H1 2025 GDP Up 5.8%, IC Manufacturing Jumps 73.9%, NEV Output Rises 53.2%

In the first half of 2025, Guangzhou's gross domestic product grew 5.8% year-on-year to RMB 1,604.5 billion, the highest half-year growth rate since 2022. The primary sector added value of RMB 10.8 billion, up 3.2%; the secondary sector rose 5.6%; and the tertiary sector grew 5.9%. Among first-tier cities, Guangzhou tied with Shenzhen for the fastest growth. Industrial production improved significantly, with integrated circuit manufacturing value added surging 73.9% and new energy vehicle output increasing 53.2%. Fixed-asset investment rose 6.1%, and high-tech manufacturing investment grew 29.5%.

Effective: +27
Intensity: 72
Confidence: 76%
Horizon: Short term

Industries4

Industries30 Jul, 22:07positive

AI Computing Demand Boosts Gas Turbine Orders; Chinese Companies Secure Supply Agreements

Rising global AI computing demand is driving electricity needs for data centers, fueling a new growth cycle for gas turbines and boosting orders. Chinese supply chain companies are seizing export opportunities amid tight overseas capacity and long delivery lead times. Feiwo Technology signed a memorandum of understanding with GEV and a five-year strategic supply agreement with Baker Hughes, progressing from product certification to batch shipments. Xizi Clean Energy, a licensee of US N/E Company, is expanding its gas turbine heat recovery boiler business globally. Haomao Technology offers casting and machining services for gas turbine components, capitalizing on the trend.

Effective: +43
Intensity: 80
Confidence: 90%
Horizon: Medium term

Industries3 Aug, 07:09positive

Electric Vehicle Charging Equipment 3C Certification Mandatory From Aug 1; Uncertified Products Banned From

China has made China Compulsory Certification (CCC) mandatory for electric-vehicle charging equipment from Aug 1, banning uncertified products from leaving factories, being sold, imported or used in operations. The regime covers AC and DC chargers, including home and public units. Most leading manufacturers have obtained certification, while some smaller firms are seeking contract manufacturing or maintenance work. By end-June 2026, charging infrastructure reached 23.057 million units, up 43.2% year on year; a 2025 SAMR sampling showed a 49.1% failure rate.

Effective: +39
Intensity: 72
Confidence: 80%
Horizon: Medium term

Industries27 Jul, 20:34positive

Google Raises 2026 Capex to $195-205 Billion; Big Four Total $725 Billion, Up 77%

Google raised its 2026 capital expenditure guidance to $195-205 billion, with Q2 capex of $44.9 billion. Combined with Microsoft, Amazon, and Meta, the four companies' 2026 capex totals about $725 billion, up 77% from 2025. Including ByteDance and Alibaba, global AI infrastructure investment nears $1 trillion. The power transformer sector faces a hard gap, energy storage cell makers saw strong Q1 growth, and liquid cooling penetration is rising but earnings realization lags.

Effective: +33
Intensity: 80
Confidence: 90%
Horizon: Medium term

Industries31 Jul, 08:54positive

AI Tech Drives Virtual Power Plant Scale-Up, Top Firms' Trading Revenue Near 60%, 49 Projects Won Jan-Jul 2026

AI technology and policy support are transforming the virtual power plant industry, with 2026 marking the first year of large-scale deployment. Trading revenue now accounts for nearly 60% at leading companies. From January to July 2026, 49 virtual power plant procurement projects were awarded, with project scales rising to the billion-yuan level. The industry targets regulation capacity of 20 million kW by 2027 and 50 million kW by 2030. Companies are shifting to sustainable software-plus-revenue-sharing models, and private enterprises are entering the market, driving a shift from scale expansion to quality competition.

Effective: +24
Intensity: 60
Confidence: 75%
Horizon: Medium term

Companies0

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