Huaming Equipment: Stable growth in on-network business, external fluctuations are part of normal cycles

NightAirdropper · 2026-03-01T22:48:37+00:00

Huaming Equipment stated that domestic online business has grown steadily over the past two years, but offline business has fluctuated due to industry cycle changes. Future new investment plans for the power grid will support online growth, but offline development remains unclear.

NightAirdropper

2026-03-01 22:48:37

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Securities Daily, March 1 — Huaming Equipment stated during a recent inquiry that over the past two years, domestic online market business has experienced steady growth, while offline business has fluctuated. This is mainly because industrial demand is currently transitioning from the previous peak of upstream and downstream industry chain investments driven by new energy and electric vehicles. At present, China has not entered a new similar industrial cycle, which is a normal part of industry and economic cycles. Looking ahead, the power grid has announced new investment plans, and there is confidence that online business can continue to maintain steady growth. However, it is currently impossible to assess offline business.

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【Source: Securities Daily】

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