Jingguan Electrical (688517.SH) won the bid for a National Grid procurement project worth 66.69 million yuan.

Wisdom Finance and Economics APP News, Jinguan Electric (688517.SH) announced that recently, State Grid Corporation of China has released the public list of bidding candidates recommended for the 23rd batch of procurement in 2025 (second bidding procurement of transmission and transformation projects (including cables)), and the Company and its wholly-owned subsidiary Nanyang Jinguan Intelligent Switch Co., Ltd. ("Jinguan Intelligent") won the bids for lightning arresters and switch cabinets in a total of 3 packages, with a total bid amount of 66.6956 million yuan. The bid amount this time accounts for 8.97% of the company's operating income in 2024, and the performance of the bid contract will have a positive impact on the company's future business performance.