Huatai Securities: The investment in the power grid during the 15th Five-Year Plan period is expected to exceed 4 trillion yuan, with the main grid still being the key construction direction.

Huatai Securities pointed out that the construction of a national unified electricity market is accelerating, and it is estimated that during the "14th Five-Year Plan" period, grid investment is expected to reach over 4 trillion yuan, a significant increase from the 2.8 trillion yuan investment during the "13th Five-Year Plan" period. Among them, the construction of the main grid will help achieve interconnection and intercommunication of the national electricity grid, which is an important support for the establishment of a national unified electricity market. Huatai Securities believes that this will continue to be a key direction for construction.