The scale of investment in the power grid continues to reach new heights, with these companies winning national grid projects at a high frequency.

According to China Electric Power News on January 15th, it was learned from State Grid that during the "15th Five-Year Plan" period, State Grid Corporation's fixed asset investment is expected to reach 4 trillion yuan, an increase of 40% compared to the "14th Five-Year Plan", in order to expand effective investment to drive the high-quality development of the new power system industry chain supply chain. Securities Times Data found through searching for announcements of listed companies that since 2019, there have been a total of 51 announcements with the title "State Grid" in the bid-winning announcements for 2025, setting a new high since 2019; there were over 40 announcements for 2024 and 2023. Among listed companies, since 2019, 10 companies have issued more than 10 bid-winning announcements, with Dalian Electric Porcelain, Changhai Electric New, and Tongda Stock ranking top three, each issuing more than 30 announcements. In December 2025, these three companies all issued new bid-winning announcements with amounts of 70.7 million yuan, 161 million yuan, and 154 million yuan respectively. In addition to these three companies, Jinhui Technology, Fanwei Stock, Oriental Tower, and Huitong Communication have over 20 bid-winning announcements. In terms of valuation and market performance, there are 16 grid equipment companies since 2025 with an increase of less than 30% and a latest rolling price-earnings ratio of less than 30 times, where Juhua Technology, Kaifa Technology, and Haixing Electric Power have a latest rolling price-earnings ratio of less than 20 times, and Guodian Nari, Youxunda, Taihu Yuanda, and Dalian Electric Porcelain have a cumulative increase of less than 5%.