Export volume increases coupled with the beginning of bidding for the construction of the "13th Five-Year Plan" power grid. Industry insiders are optimistic about downstream demand for transformers.

This year, our country's transformer exports continue to maintain high growth. A survey by reporters found that transformer export orders are mainly concentrated in large electrical equipment companies, with export gross profit margin higher than domestic, and listed companies have set a target for overseas order growth of over 2 times this year. At the same time, silicon steel prices have gradually increased by 100-200 yuan/ton each month since the beginning of the year, but are still in the bottom range, supporting the gross profit margin space of transformer manufacturers. Industry insiders told reporters that the domestic "Five-Year Plan" for grid construction bidding has gradually begun, combined with domestic demand for heavy trucks and energy storage, domestic transformer listed companies may continue to benefit.