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 impact25absolute weighted average

Events20same period

Confidence76%model average

Raw intensity55before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed1.0 / day

Concentration7%

Direction disagreement18%

Source independence100%9 sources

IMPACT TREND

20-day effective impact

Positive 18 · Negative 2 · Mixed 0

+350-35

11 Jul0 events

13 Jul0 events

15 Jul0 events

16 Jul0 events

18 Jul0 events

20 Jul0 events

21 Jul0 events

23 Jul0 events

25 Jul0 events

+20

26 Jul12 events

28 Jul5 events

+35

30 Jul3 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term24%120 cumulative effective impact

Medium term62%308 cumulative effective impact

Long term13%65 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 2 · 20 events

Macro5

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: +51
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: +47
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: -43
Intensity: 75
Confidence: 85%
Horizon: Short term

Macro27 Jul, 10:52positive

Guangzhou H1 2025 GDP Rises 5.8% to 1.6045T Yuan; IC Manufacturing VA Up 73.9%, NEV Output Up 53.2%

Guangzhou's GDP grew 5.8% year on year in the first half of 2025 to 1.6045 trillion yuan, the fastest half-year expansion since 2022. Industrial production was the main driver, with integrated circuit manufacturing value-added surging 73.9% and new energy vehicle output rising 53.2%. Fixed-asset investment grew 6.1%, with industrial investment surpassing 100 billion yuan for the first time.

Effective: +33
Intensity: 72
Confidence: 76%
Horizon: Short term

Macro27 Jul, 21:52positive

SASAC Releases Second Batch of AI Scenarios and Datasets, Launches Open-Source Community 2.0 and Smart Factory

At the 2026 World AI Conference, China's State-owned Assets Supervision and Administration Commission (SASAC) released the second batch of high-value AI scenarios and high-quality datasets from central state-owned enterprises. It also launched the AI open-source “Huanxin Community” 2.0 and initiated the Joint Foundation Project for an Intelligent Software Factory. SASAC said it will accelerate computing infrastructure construction and promote open-source collaboration.

Effective: +26
Intensity: 60
Confidence: 70%
Horizon: Medium 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: +54
Intensity: 80
Confidence: 90%
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: +41
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: +30
Intensity: 60
Confidence: 75%
Horizon: Medium term

Industries29 Jul, 06:52positive

Rising AI Data Center Power Demand Drives Solid-State Transformer Commercialization, 2026 Seen as Tipping

Surge in AI computing power consumption is accelerating solid-state transformer (SST) adoption, with Sungrow Power, Envision Group, and others unveiling products. China XD Group leads industry standards. SSTs offer up to 98.5% efficiency, reduce volume by 40%–60%, and cut copper use by 80%. Nvidia targets SST as the ultimate AI data center power architecture. Pilot projects remain limited, but 2026 is expected to mark the start of full commercialization.

Effective: +21
Intensity: 60
Confidence: 70%
Horizon: Medium term

Companies1

Companies27 Jul, 19:56positive

Orient Cable 2025 Revenue Tops RMB 10 Billion; Submarine Cable Revenue Up 65.6%, Orders Over 18.4 Billion

Orient Cable (603606. SH) reported 2025 revenue of RMB 10 billion, up 19.26% year-on-year, a first-time milestone. Net profit attributable to shareholders rose 26.11% to RMB 1.271 billion, while adjusted net profit grew 38.01%. Submarine cable revenue surged 65.6% to RMB 5.363 billion, becoming the largest segment. Gross margin widened to 22.07% from 18.77%. Export revenue grew 70.83% with a margin of 38.5%, contributing 11.6% of revenue. Operating cash flow jumped 76.58%. As of April 21, 2026, orders in hand exceeded RMB 18.4 billion.

Effective: +30
Intensity: 68
Confidence: 80%
Horizon: Medium term