China A-share power reform stocks slide as Xianglong Electric hits daily limit down

China's A-share power reform theme sold off broadly, led by Xianglong Electric hitting limit-down and declines across multiple related names. The move reflects a sudden negative reassessment of reform implementation pace and/or earnings expectations, acting as a sector-level trading catalyst rather than routine noise. Near-term, it can tighten risk appetite toward China policy-sensitive equities and reinforce caution around reform-linked cyclicals.