Hongrun Construction Group's subsidiary consortium wins the bid for a 2.48 billion yuan EPC total contract project.

Hongrun Construction Group (002062.SZ) announced that its subsidiary Anhui Tegion Power Engineering Co., Ltd. recently received the winning notification letter for the Jiangsu Huiran User-Side Energy Storage Project EPC General Contract (JG2025-0324) with a winning bid price of 248 million yuan. The project was won by a consortium consisting of Southern Power Grid Electric Power Technology Co., Ltd., Anhui Tegion Power Engineering Co., Ltd., and Guangdong Zhensen Electric Power Design and Research Co., Ltd. Winning this project will enhance the company's competitiveness and market share in the energy storage power plant EPC business, improve the company's ability in the "construction + new energy" dual-drive field, optimize the company's business structure and profit model, and promote the company's industrial upgrade. The winning bid price of this project accounts for 3.86% of the company's 2023 operating income, and is expected to have no significant impact on the company's financial condition and operating results for 2025 and beyond.