Trump Signs Order Banning Certain Foreign Power Grid Equipment; A-Share Leader Plunges 12%, Company Responds

On August 27, A-share power transmission and transformation equipment stocks collectively weakened. As of press time, inverter leader Sungrow Power Supply saw its share price plunge 12.68%, with a total market capitalization of 203.9 billion yuan. The company responded that it is still studying the specific impact of the executive order and will share details only after the assessment is complete. When asked about the operations of its U.S. subsidiary, the company stated that it does not have information on the subsidiary's employee count or financial performance.