Pinggao Electric (600312.SH) won the bid for a National Grid procurement project worth approximately 858 million yuan.

Zhito Finance APP News, Pinggao Electric (600312.SH) announced that recently, State Grid Corporation of China's e-commerce platform released the "State Grid Corporation of China's 74th batch of procurement in 2025 (fifth bidding procurement for transmission and transformation project equipment (including cables)) winning bid announcement" and "State Grid Corporation of China's 75th batch of procurement in 2025 (fifth single-source procurement of transmission and transformation project equipment) transaction announcement". The company and its subsidiaries are the winning units for the relevant projects, with a total winning amount of approximately 858 million yuan, accounting for 6.92% of the 2024 operating income.