safecrackerslot| CITIC Securities: Power equipment accelerates to go out to sea, multiple factors are superimposed and the boom is rising

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[CITIC Securitiessafecrackerslot: Power equipment accelerates going to sea, multiple factors are superimposed on the boom] Securities Times e Company NewssafecrackerslotThe CITIC Securities Research Report said that the overseas power market is booming, and exports of power equipment such as transformers and smart meters are growing strongly. On the demand side, transformers benefit from overseas equipmentsafecrackerslot.safecrackerslot..

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[CITIC Securities: Power equipment accelerates to go to sea and multiple factors are combined to increase the boom] Securities Times e Company News, CITIC Securities Research reported that the prosperity of the overseas power market continues to rise, and exports of power equipment such as transformers and smart meters are growing strongly. On the demand side, transformers benefit from emerging demands such as large overseas equipment renewal cycles + large-scale access to renewable energy +AI. The markets are mainly Asia-Pacific and the United States. The United States is a key country for my country exporting transformers. From the supply side, other factors such as tight supply of raw materials such as oriented silicon steel and copper + long production cycles for new production capacity + labor shortage have led to extended delivery cycles, and the gross profit margins of typical transformer suppliers such as Huacheng Electric have increased significantly. Smart meters have benefited from the dual benefits of overseas equipment updates and improved penetration. It is recommended to pay attention to relevant companies with adequate overseas channels and product layout and are expected to benefit first from high-growth overseas demand.