Ningbo Sanxing Medical Electric's subsidiary signs a 9.49 billion yuan overseas operating contract.

Ningbo Sanxing Medical Electric (601567.SH) announced that its wholly-owned subsidiary, Sanxing Sweden, has signed a framework contract with Enexis, the electricity transmission and distribution system operator in the Netherlands, to supply oil-immersed transformers. The total contract amount is 117 million euros, approximately 949 million RMB. The contract amount of approximately 949 million RMB accounts for 6.50% of the company's audited operating income for the year 2024. The fulfillment of the contract will have a positive impact on the company's operations and financial performance, but will not affect the company's business independence. This winning project marks the company's first breakthrough in the distribution business in the Western European market. By winning this project with a leading ranking, the company continues to meet customer demand through product R&D innovation, drive expansion in overseas high-end markets, and fully demonstrate its technical strength and competitive advantage.