Jiangsu Shemar Electric (603530.SH) has won a bid for approximately 235 million yuan for a procurement project from China Electric Equipment Group.

Jiangsu Shemar Electric (603530.SH) announced that the company has won the bid for the China Electric Equipment Group Co., Ltd.'s centralized procurement project for switch insulating sleeves and support insulators in 2026, winning a total of 21 bid packages with a bid amount of approximately 235 million yuan. The procurement scope of this project includes various external insulation products for transmission and transformation equipment, such as composite sleeves for switchgear, support composite insulators, composite insulators for transformers, and composite insulators for surge arresters. This successful bid is beneficial for further deepening the company's business cooperation with China Electric Equipment Group and its affiliated enterprises, expanding the application of new material external insulation products in the field of high voltage and ultra-high voltage power equipment in China, and further consolidating the company's market competitiveness in the field of composite external insulation for transmission and transformation equipment.