Core Viewpoint - Changgao Electric New Technology Co., Ltd. has won multiple bids from the State Grid Corporation of China, which is expected to positively impact the company's performance in 2025 [1] Group 1: Bidding Details - The State Grid Corporation of China announced the results of its 23rd and 24th procurement batches for 2025, which included bids for substation equipment [1] - Changgao Electric's subsidiaries, including Hunan Changgao Electric Co., Ltd., Hunan Changgao High Voltage Switch Co., Ltd., Hunan Changgao Senyuan Power Equipment Co., Ltd., and Hunan Changgao Complete Electrical Equipment Co., Ltd., won bids in three product categories: combined electrical appliances, isolating switches, and switchgear [1] Group 2: Financial Impact - The total amount of the bids won by Changgao Electric is 235 million yuan, which accounts for 13.35% of the company's audited consolidated revenue for 2024 [1] - The signing of formal contracts is anticipated to have a positive effect on the company's operating performance in 2025 [1]
长高电新:子公司中标2.35亿元国家电网项目