The ultra-high voltage concept triggers a wave of limit-up surges; the Huaxia Grid Equipment ETF (159326) rises sharply by 3.8%, boasting the highest exposure to ultra-high voltage across the entire market.

On July 23, concepts such as ultra-high voltage and smart grids rose strongly. By 10:45, the State Grid Equipment ETF Huaxia (159326) had gained 3.8%, with a trading volume of 617 million yuan, firmly ranking first among its peers. Holdings including Nengdianqi, Hanlian Shares, Xinya Cable, Hualing Wire & Cable, Hangdian Shares, Baobian Electric, and China XD Electric all hit the daily limit up.

In terms of news, the results of the third bidding round for UHV and power transmission and transformation equipment by State Grid Corporation of China in 2026 have been officially released, with a total amount reaching 10.9 billion yuan. This bidding round involved 19 sub-bids and 93 bid packages, with an average value per package of approximately 117 million yuan, and the largest package amount reaching 1.171 billion yuan.

A research report from CITIC Securities stated that data from State Grid's new-generation e-commerce platform shows that the procurement amount for UHV projects in the first three batches this year has already exceeded the full-year total of 2025. They are optimistic about the inflection point for leading domestic high-voltage equipment manufacturers currently at low levels.

State Grid Equipment ETF Huaxia (159326): The only product in the entire market tracking the CSI Power Grid Equipment Theme Index, with over 62% exposure to power grid equipment in the Shenwan Level II industry classification, making it the "purest" grid index in the market. Among them, the weight of smart grids exceeds 88%, and the weight of ultra-high voltage reaches as high as 75%, both ranking first in the entire market. The product comprehensively covers industry chain leaders such as NARI Technology, TBEA, and Sieyuan Electric, precisely aligning with three main themes: the advancement of UHV projects, the upgrade of smart grids, and the renovation of power grids supporting AI computing power. It is a core tool for conveniently capturing the high prosperity of the power grid equipment industry.