In the first quarter of 2026, investment in North-South power grids surged significantly. The Huaxia Green Power ETF (562550) had a net inflow of 263 million yuan over the past nine days.

As of April 7, 2026 at 10:41, the CSI Green Power Index (931897) rose 0.13%. Among constituent stocks, GCL Energy Technology rose 7.28%, Energy-saving Wind Power rose 6.82%, Guangdong Electric Power A rose 3.56%, Ganeng Co., Ltd. rose 2.78%, and Jinkong Power rose 2.56%. The Green Power ETF Huaxia (562550) rose 0.09%, with the latest price at 1.15 yuan.

In terms of liquidity, the Green Power ETF Huaxia saw an intraday turnover rate of 5.23%, with trading volume of 59.8332 million yuan. Looking over a longer period, as of April 3, the Green Power ETF Huaxia’s average daily trading volume over the past 1 month was 129 million yuan.

On the news front, in Q1 2026, State Grid completed fixed-asset investment of more than 129 billion yuan, up 37% year over year. Of this, distribution network investment was 56.8 billion yuan, accounting for 55% of investment across power grids at all levels; investment drove total industry-chain upstream and downstream investment of more than 250 billion yuan. In the same period, Guangdong Southern Power Grid’s Q1 investment also grew by nearly 50% year over year. With coordinated efforts across the northern and southern grids, key segments of the new power system—such as ultra-high-voltage and flexible HVDC transmission and grid-forming equipment—are accelerating into implementation, and support capacity for green power infrastructure continues to strengthen.

Dongwu Securities noted that the logic for re-valuing the value of green power assets is currently clear. Especially against the backdrop of coordinated advancement of power spot markets and medium- to long-term markets, and the accelerated realization of the environmental value of green certificates, operators’ long-term returns are expected to improve significantly.

Regarding capital inflows, over a longer time frame, within the past 9 trading days, there were net capital inflows on 6 days, totaling “net inflow/attraction” of 263 million yuan.

Green Power ETF Huaxia (562550): With the largest fund size within the same index, it tracks the CSI Green Power Index. Among Shenwan’s secondary industries, the power-related content exceeds 99%. It is the most “pure” power-related index in the entire market. With one click, it packages leading power enterprises. It not only includes clean energy companies represented by hydropower, wind power, and photovoltaic power generation, but also includes energy transition samples such as thermal power and nuclear power. The “wind, solar, hydro, nuclear” content of the underlying assets exceeds 55%.