JINGUAN ELECTRIC won the bid for a State Grid project worth 28.4029 million yuan
JINGUAN ELECTRIC recently won the bid for a State Grid project, with a total bid amount of 28.4029 million yuan, accounting for approximately 3.82% of the company's operating revenue in 2024. The products awarded include surge protectors and switch cabinets, which are expected to have a positive impact on the company's future operating performance
According to the Zhitong Finance APP, JINGUAN ELECTRIC (688517.SH) announced that recently, the State Grid Corporation of China published the list of recommended winning candidates for the 60th batch of procurement in 2025 (the fourth bidding procurement for substation equipment (including cables) for power transmission and transformation projects). The company and its wholly-owned subsidiary Nanyang JINGUAN Intelligent Switch Co., Ltd. (referred to as "JINGUAN Intelligent") won a total of 2 bid packages for surge arresters and switchgear products, with a total winning amount of 28.4029 million yuan, accounting for approximately 3.82% of the company's operating revenue in 2024. The performance of the winning contracts will have a positive impact on the company's future operating results
