The China Post Securities Research Report points out that Changgao Electric orders are steady, and they are optimistic about the continued development of new GIS products. 2026H1's net profit to mother was 580 million yuan, +451.4% year-on-year, of which 2026Q2's net profit to mother was 530 million yuan, +628.7%/+827.5%, respectively. The grid won bids and grew steadily, and new products continued to be developed. The “15th Five-Year Plan” power grid is expected to be modestly ahead of schedule. During the “15th Five-Year Plan” period, China will put into operation about 15 new UHVDC transmission channels, more than 420 million kilowatts of electricity transmission scale from west to east, and build more than 6 regional grid mutual aid projects to improve mutual aid capacity by about 40 million kilowatts. The “15th Five-Year Plan” national grid fixed asset investment will reach more than 5 trillion yuan, an increase of more than 80% compared with the “14th Five-Year Plan” period. The company is expected to fully benefit from the boom in grid investment. The bank raised its profit forecast and predicted that the company's 2026-2028 revenue would be 21.0/26.3/3.21 billion yuan, respectively, and net profit to mother would be 6.9/4.7/590 million yuan, respectively. The corresponding PE was 11/16/13 times, respectively, maintaining the “buy” rating.

The China Post Securities Research Report points out that Changgao Electric orders are steady, and they are optimistic about the continued development of new GIS products. 2026H1's net profit to mother was 580 million yuan, +451.4% year-on-year, of which 2026Q2's net profit to mother was 530 million yuan, +628.7%/+827.5%, respectively. The grid won bids and grew steadily, and new products continued to be developed. The “15th Five-Year Plan” power grid is expected to be modestly ahead of schedule. During the “15th Five-Year Plan” period, China will put into operation about 15 new UHVDC transmission channels, more than 420 million kilowatts of electricity transmission scale from west to east, and build more than 6 regional grid mutual aid projects to improve mutual aid capacity by about 40 million kilowatts. The “15th Five-Year Plan” national grid fixed asset investment will reach more than 5 trillion yuan, an increase of more than 80% compared with the “14th Five-Year Plan” period. The company is expected to fully benefit from the boom in grid investment. The bank raised its profit forecast and predicted that the company's 2026-2028 revenue would be 21.0/26.3/3.21 billion yuan, respectively, and net profit to mother would be 6.9/4.7/590 million yuan, respectively. The corresponding PE was 11/16/13 times, respectively, maintaining the “buy” rating.