信達證券(quan)指出，國內歷經多輪電(dian)(dian)(dian)(dian)力(li)供需矛盾緊張之(zhi)后，電(dian)(dian)(dian)(dian)力(li)板塊(kuai)有(you)望(wang)(wang)迎來盈利改(gai)(gai)善(shan)和(he)(he)價(jia)值重估。在(zai)電(dian)(dian)(dian)(dian)力(li)供需矛盾緊張的(de)(de)態(tai)勢下(xia)，煤(mei)(mei)電(dian)(dian)(dian)(dian)頂峰價(jia)值凸顯；電(dian)(dian)(dian)(dian)力(li)市(shi)場化改(gai)(gai)革的(de)(de)持(chi)續推(tui)進下(xia)，電(dian)(dian)(dian)(dian)價(jia)趨勢有(you)望(wang)(wang)穩中小幅上漲，電(dian)(dian)(dian)(dian)力(li)現貨市(shi)場和(he)(he)輔助服(fu)務市(shi)場機制(zhi)有(you)望(wang)(wang)持(chi)續推(tui)廣，容量電(dian)(dian)(dian)(dian)價(jia)機制(zhi)正(zheng)式出臺，明確煤(mei)(mei)電(dian)(dian)(dian)(dian)基石地位。雙碳目標下(xia)的(de)(de)新(xin)型電(dian)(dian)(dian)(dian)力(li)系(xi)統建設或將持(chi)續依賴(lai)系(xi)統調節手段的(de)(de)豐富和(he)(he)投入。此外(wai)，伴隨著發改(gai)(gai)委加大電(dian)(dian)(dian)(dian)煤(mei)(mei)長(chang)協(xie)(xie)保供力(li)度，電(dian)(dian)(dian)(dian)煤(mei)(mei)長(chang)協(xie)(xie)實(shi)際履約率(lv)有(you)望(wang)(wang)邊(bian)際上升(sheng)，煤(mei)(mei)電(dian)(dian)(dian)(dian)企業的(de)(de)成(cheng)本端較為可(ke)控。展望(wang)(wang)未來，電(dian)(dian)(dian)(dian)力(li)運營(ying)商的(de)(de)業績(ji)有(you)望(wang)(wang)大幅改(gai)(gai)善(shan)。

電網ETF（561380）跟蹤的是恒生A股電網設備指數（HSCAUPG），該指數由恒生指數公(gong)(gong)司(si)發布(bu)，從中國A股市(shi)場(chang)中選取涉及電網建設、電力傳(chuan)輸和分配(pei)等業(ye)(ye)務(wu)的上市(shi)公(gong)(gong)司(si)證券作為指數樣本，以反映電網及電力設備相(xiang)關上市(shi)公(gong)(gong)司(si)證券的整體(ti)表現。行(xing)業(ye)(ye)配(pei)置(zhi)上主要聚焦于電氣設備制造及相(xiang)關服務(wu)領域。

注：指數/基(ji)(ji)金短期漲(zhang)跌(die)幅及(ji)歷史表現僅供(gong)分析參考，不預(yu)示未來表現。市(shi)場觀點(dian)隨市(shi)場環境變(bian)化而變(bian)動，不構成任(ren)何(he)投(tou)資建議或承諾。文(wen)中提及(ji)指數僅供(gong)參考，不構成任(ren)何(he)投(tou)資建議，也(ye)不構成對基(ji)(ji)金業績的(de)預(yu)測(ce)和(he)保證。如需購(gou)買相關基(ji)(ji)金產品(pin)，請選擇與風(feng)險(xian)等級(ji)相匹配(pei)的(de)產品(pin)。基(ji)(ji)金有風(feng)險(xian)，投(tou)資需謹慎。