ETS(SZ:002545) Chang Jiang Shang Bao·2026-02-13 00:16Core Viewpoint - Oriental Tower has won two projects from State Grid Corporation with a total bid amount of approximately 111 million yuan, which is expected to positively impact the company's future operations and performance [1][2]. Group 1: Project Wins - Oriental Tower recently announced winning two projects from State Grid Corporation, with a total bid amount of approximately 111 million yuan, accounting for about 2.63% of the company's audited revenue for 2024 [2]. - The projects include the first procurement of installation materials for the 2026 power transmission and transformation project and the 66th batch of procurement for the 2025 ultra-high voltage project, with bid amounts of 67.06 million yuan and 43.48 million yuan respectively [2]. - From March to September 2025, Oriental Tower disclosed significant project wins totaling approximately 95.2 million yuan, representing about 22.69% of the company's audited revenue for 2024 [3]. Group 2: Business Overview - Oriental Tower specializes in steel structure products and has a strong market competitiveness, having transformed into a dual-main business company with steel structures and potassium fertilizer after a restructuring in 2016 [1][9]. - The company's steel structure products include various types of towers and structures, serving multiple sectors such as electricity, renewable energy, and construction, positioning it as a leader in the industry [7][9]. - The potassium fertilizer business is expanding, with significant resources in Laos, where the company has a mining right for potassium salt covering 141 square kilometers, with substantial reserves [9][10]. Group 3: Financial Performance - Oriental Tower expects a significant increase in net profit for 2025, projecting a range of 1.08 billion to 1.27 billion yuan, representing a year-on-year growth of 91.40% to 125.07% [1][11]. - The company anticipates that its net profit and net profit excluding non-recurring gains and losses will both reach record highs in 2025, driven by stable performance in its main businesses and increased average market prices for potassium chloride [11][10].