Henan Pinggao Electric (600312.SH) has won a bid for a National Grid project worth around 1.223 billion yuan.
Pinggao Electric (600312.SH) issued an announcement. Recently, State Grid Corporation of China's e-commerce platform released the "State Grid Corporation of China's 2026 Transmission and Transformation Project First Substation Equipment (including cables) Open Tender Procurement Winning Announcement", "State Grid Corporation of China's 2026 Transmission and Transformation Project First Substation Equipment Direct Procurement (Single Source) Transaction Announcement", "State Grid Corporation of China's 2026 Ultra High Voltage Project First Equipment Open Tender Procurement Winning Announcement", and "State Grid Corporation of China's 2026 Qinghai-Tibet Railway Electrification External Power Supply Project Addendum First Substation Equipment Open Tender Procurement Winning Announcement".
Henan Pinggao Electric (600312.SH) announced that recently, State Grid Corporation of China's e-commerce platform released several bidding and procurement announcements for various electrical projects. The company and its subsidiaries and joint ventures were awarded a total bid amount of approximately 1.223 billion Yuan, accounting for 9.86% of the company's 2024 operating income.
The contracts signed for these projects will have a positive impact on the company's future business development. Winning the bids for these projects will not affect the company's business independence.
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