JinGuan Electric (688517.SH) won the bid for the Southern Power Grid procurement project worth 22.25 million yuan.

JinGuan Electric (688517.SH) announced that recently, the Southern Power Grid Company announced the candidates for the second batch of framework bidding for distribution network equipment in 2024. The company won the bid for 10kV AC lightning arrester products, with an estimated contract amount of 22.2521 million yuan. The winning amount accounts for approximately 3.45% of the company's revenue in 2023, and the fulfillment of the winning contract is expected to have a positive impact on the company's future business performance.