On March 18, the stocks of power equipment companies such as XJ Electric, Guodian NARI, and Pinggao Electric suffered heavy losses following false rumors that "State Grid Corporation of China was demolished into five." The shares dropped by as much as 9.99% and 10%, with some falling by 6.17%. However, on March 19, Pinggao Electric showed signs of recovery, while the declines of State Power Nanrui and Xuji Electric also eased, indicating a possible market correction.
Looking at the margin financing and stock data for the three companies on March 18, it became clear that investors were not overly concerned about the long-term impact of the rumor. Some stocks, like XJ Electric, saw net short-term repayments, suggesting that short sellers were taking profits. At the same time, other investors were betting against the market, buying at lower prices to accumulate positions, showing a divided sentiment among market participants.
To understand whether the domestic power equipment sector was genuinely affected by the false information and what the future might hold, the reporter spoke with Lu Xiaobing, General Manager of the Oriental Capital Financial Products Department. As a senior analyst with extensive experience in the electrical equipment industry, he explained that the sharp drop in the stocks of Xuji Electric, State Power Nanrui, and Guodian South was an overreaction to the rumors. He emphasized that rational investors should not be swayed by such noise. “While it's normal for investors to react to news, the overreaction can lead to unnecessary losses,†he said.
Lu Xiaobing explained that the reason for this overreaction lies in the fact that in recent years, State Grid Corporation of China has been actively promoting the development of ultra-high voltage (UHV) and smart grid projects. This has significantly benefited Chinese electrical equipment manufacturers.
Electrical equipment is typically categorized into primary and secondary equipment. Regardless of the type, all components must meet strict requirements for security and stability. Achieving these standards requires long-term technical development and real-world application. Only through years of practice can manufacturers meet the high demands of the power grid. Major Chinese electrical equipment companies have gone through decades of accumulation to reach their current level of maturity and reliability.
As a result, major fluctuations in the entire equipment manufacturing sector are unlikely, and the stock prices of listed electrical equipment companies are expected to remain stable in the long run.
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