Changgao Electric newly won the bid for a State Grid project with a contract amount of 2.46 billion yuan.

Changgao Electric's new announcement states that its wholly-owned subsidiaries, Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Complete Electrical Equipment Co., Ltd., and Hunan Changgao Senyuan Electric Power Equipment Co., Ltd., collectively won bids totaling 2.46 billion RMB on the State Grid Corporation of China's electronic commerce platform. This winning amount accounts for 14% of the company's audited consolidated operating income for the year 2024. The fulfillment of these contracts will have a positive impact on the company's operating performance in the years 2026 and beyond.