TongDa Cable(SZ:002560) Ge Long Hui·2025-11-03 08:04Core Insights - Tongda Co., Ltd. (002560.SZ) announced that the State Grid Corporation of China has published the recommended candidates for its 2025 procurement, with a total pre-bid material value estimated at approximately RMB 132.82 million, which represents about 2.14% of the company's projected revenue for 2024 [1] Company Summary - The total value of materials for which the company is a recommended candidate in the State Grid's procurement is RMB 132.82 million [1] - This amount is significant as it constitutes 2.14% of the company's expected total revenue for the fiscal year 2024 [1] Industry Summary - The procurement process is part of the State Grid's ongoing efforts to source materials for transmission and transformation projects, indicating a continued investment in infrastructure [1]