Jiangsu Tongguang Electronic Wire&Cable (300265.SZ) subsidiary is expected to win a bid for a National Grid project worth about 2.29 billion yuan.
Tongguang Cable (300265.SZ) announced on July 16, 2026, that the State Grid Corporation of China's e-commerce platform has announced the candidates for the bid winners. The company's wholly-owned subsidiaries, Jiangsu Tongguang Strong Power Transmission Line Technology Co., Ltd., Jiangsu Tongguang Optic Cable Co., Ltd., and Jiangsu Tongguang Information Co., Ltd., are expected to win the bid for the third open bidding for materials for their 2026 power transmission projects and the third open bidding for materials for their 2026 ultra-high voltage projects. The total estimated bid amount is approximately 229 million yuan, accounting for about 9% of the company's total audited operating income in 2025.
Jiangsu Tongguang Electronic Wire&Cable (300265.SZ) announced that on July 16, 2026, State Grid Corporation of China's electronic commerce platform released a list of candidates for the bid. The company's wholly-owned subsidiaries Jiangsu Tongguang Strong Power Transmission Line Technology Co., Ltd., Jiangsu Tongguang Optic Fiber Cable Co., Ltd., and Jiangsu Tongguang Information Co., Ltd. are expected to be selected as the winning bidders for the third public bidding procurement of equipment materials for the 2026 power transmission project and the third public bidding procurement of materials for the 2026 ultra-high voltage project. The total expected bid amount is approximately 229 million yuan, accounting for about 9% of the company's total audited operating income in 2025.
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