Grid infrastructure construction and AIDC demand resonance continue to drive transformer industry prosperity.

Since 2026, orders from many transformer manufacturers have surged, and the A-share transformer sector has continued to rise. With the dual drive of accelerated global grid construction and AIDC demand, Jinpan Technology recently signed a 696 million yuan power product supply contract with overseas customers. Companies such as IGOR, XD Electric, and Jiangsu Huachen have stated that their order books are full. Several industry insiders have told reporters that the current industry supply-demand gap is significant, delivery times have been greatly extended, and leading companies are accelerating overseas production capacity layout and technological research and development. Solid-state transformers are seen as the next generation preferred solution in the AIDC field, but large-scale commercial use will still take some time. At the same time, the industry expects the dividend period to continue for another 2 to 3 years.