Changgao Electric: Subsidiaries were awarded a total of 1.81 billion yuan for State Grid Corporation's procurement project.

Sina Finance reported on March 31st that Changgao Electric announced on March 31st that on March 31, 2026, State Grid Corporation of China's e-commerce platform released the bidding results for the first open tender procurement of substation equipment for State Grid Corporation of China's 2026 transmission and transformation project and the direct purchase transaction announcement for substation equipment for the first time. The company's 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 Power Equipment Co., Ltd., were awarded contracts in the categories of combined electrical appliances, disconnect switches, and switchgears. In the above-mentioned bidding projects, the four subsidiaries won a total of 181 million yuan in bids, accounting for 10.31% of the company's audited consolidated operating income in 2024.