HALO Strategy Revalues "Hard Assets," Grid Equipment Becomes "Safe Haven" Shun Na Shares Hit 2-Day Limit Up

MaticHoleFiller · 2026-03-22T06:47:43+00:00

Statistical data shows that fixed asset investment completed 75.7 billion yuan in January-February 2023, with a year-over-year growth of 80.6%. Power grid equipment concept stocks benefited significantly, with companies like Shun Na Co., Ltd. hitting daily limits. Investment data from the State Grid demonstrates significant support and investment effects for power grid infrastructure, leading the market to revalue heavy assets such as electricity, pushing up related stocks.

MaticHoleFiller

2026-03-22 06:47:43

Abstract generation in progress

(Source: Caixin)

Statistics show that from January to February, fixed asset investment totaled 75.7 billion yuan, a year-on-year increase of 80.6%, with significant support from grid infrastructure and investment-driven effects.

On the afternoon of March 17, the concept of grid equipment surged again, with ShunNa Co., Ltd. (000533.SZ) hitting the daily limit, marking two consecutive limit-ups. Companies such as Kelon Electric (603050.SH), Siyuan Electric (002028.SZ), Baobian Electric (600550.SH), Hanlan Co., Ltd. (002498.SZ), and Shuangjie Electric (300444.SZ) also saw sharp rises.

According to recent news, State Grid Corporation of China announced on March 14 that, from January to February, fixed asset investment reached 75.7 billion yuan, up 80.6% year-on-year, with notable support from grid infrastructure and investment effects.

Additionally, a new investment strategy called “HALO” (Heavy Assets, Low Obsolescence) has gained popularity in the market. Its core logic is that in the AI era, energy and electricity are regarded as the indispensable “lifelines” of computing clusters, representing hard assets that are difficult for AI to disrupt and whose value is being reassessed. As a result, the grid equipment sector has shifted from traditional cyclical stocks to key beneficiaries of computing infrastructure, attracting substantial capital attention.

A deep report released by Goldman Sachs on February 24 pointed out that under the triple pressures of rising interest rates, geopolitical fragmentation, and surging AI capital expenditure, tangible productive capacity has become a scarce resource. Goldman Sachs analysts emphasized that industries such as utilities, basic resources, energy, and transportation infrastructure are becoming core beneficiaries.

Research from Everbright Securities indicates that, in the context of A-shares, the essence of HALO trading is the re-pricing of “scarce assets” by capital. China possesses the most complete global supply chain system and holds leading advantages in new energy, electrical equipment, strategic metals, chemical materials, and shipbuilding industries, which will become hard assets in the AI era. With industry upgrades and sector consolidation, their strategic value may undergo systematic revaluation.

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