Haixing Power: Pre-awarded 128 million yuan state grid project.

Haixing Power announced that the company has been recommended as the winning candidate in the 53rd batch of procurement by State Grid Corporation of China in 2025, with an estimated total bid amount of about 1.28 billion yuan. The project includes ten sub-items such as smart electric meters, electricity information collection equipment, and transformers, with a total bid quantity of 429,700 units. Among them, the bid quantity for Class A single-phase smart electric meters is 320,000 units, with an amount of 42.3312 million yuan; the bid quantity for Class B three-phase smart electric meters is 60,000 units, with an amount of 20.022 million yuan. It is expected that the contract performance after winning the bid will have a positive impact on the company's future performance, but the bid situation is still in the public notice period and there is a certain level of uncertainty.