Zhefu Holdings: Won the bidding project for 4.12 billion yuan hydroelectric generating units and their ancillary equipment.

Zhefu Holdings announced on March 15th that the company has recently received a "Bid Winning Notice" and has been confirmed as the winning bidder for the Changbo Water Hydropower Station turbine generator unit and its accessories bidding project in the upper reaches of the Jinsha River. The total bid amount is 4.12 billion yuan, accounting for approximately 1.97% of the company's operating income in 2024. According to the 27-month delivery schedule, it will average out to 0.73% of the company's operating income in 2024. The company will produce components according to the delivery schedule and confirm sales revenue. It is expected to increase the company's sales revenue and net profit from 2027 to 2029.