Fengfan Co.: Ultra-High Voltage Construction Accelerates — Leading Domestic Tower Company Sets Sail

StrawberryIce · 2026-03-11T02:30:17+00:00

Fengfan Co., Ltd. benefits from policy dividends and ultra-high voltage demand. As a leading domestic manufacturer of ultra-high voltage transmission towers, the company recently won a major project bid, with optimistic performance prospects. Investors are advised to pay attention and strictly control risks.

StrawberryIce

2026-03-11 02:30:17

Abstract generation in progress

Fengfan Co., Ltd. (SH601700) Investment Highlights: [Taoguba]

Industry Trend: Computing Power and Electricity Collaboration + Ultra High Voltage Double Drive

Policy Benefits: “Computing Power and Electricity Collaboration” was included in the government work report for the first time. The National Development and Reform Commission clarified that the “14th Five-Year Plan” will involve approximately 4 trillion yuan in power grid investments, a 40% increase over the “13th Five-Year Plan.”
Ultra High Voltage Demand: Intensive construction of UHV projects from Eastern Tibet to Guangdong-Hong Kong-Macao Greater Bay Area, and northwest new energy transmission, with an average of “4 direct lines and 2 alternating lines” annually, accounting for about 25% of grid investment.
Company Position: One of the few domestic companies capable of manufacturing 1000kV transmission line towers, leading in ultra-high voltage and UHV tower fields (company data provided by users).

Latest Good News: Successfully bid for two major power grid projects (totaling over 500 million yuan)

China Southern Power Grid: Announced on March 10th, winning the ±800 kV UHV DC transmission project from Eastern Tibet to Guangdong-Hong Kong-Macao Greater Bay Area, with a value of 290 million yuan (8.97% of 2024 revenue).
State Grid Corporation of China: Announced on March 11th, winning the first batch of procurement and UHV projects for 2025, with a value of 251 million yuan (7.33% of 2023 revenue).
The simultaneous wins from two major grids confirm the company’s competitive advantage in UHV towers and provide a definite growth driver for 2026 performance.
Summary: Fengfan Co. possesses the “policy tailwind + performance catalyst + low valuation yet to be activated” triple attributes, making it a relatively high-quality low-position rebound target in the smart grid sector. It is recommended to follow strategically in batches with strict stop-loss measures.

** Disclaimer: The above is for personal pre-market reference only and does not constitute any investment advice. Investing involves risks; please proceed with caution. **

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