Core Viewpoint - Tongda Co., Ltd. has recently secured a significant order from the State Grid, indicating strong growth potential in its core cable business and overall financial performance [2][3]. Group 1: Recent Orders and Financial Performance - On June 17, Tongda Co., Ltd. announced a pre-bid win for a State Grid procurement project valued at 137 million yuan, which is approximately 2.20% of the company's total revenue for 2024 [3]. - Since May, the total value of pre-bid orders from the State Grid has reached 520 million yuan, showcasing the company's strong market position [5]. - In Q1 2025, the company reported a 61.98% year-on-year increase in new orders, reflecting robust demand for its products [6]. Group 2: Revenue and Business Segments - The cable business is the primary revenue source for Tongda Co., accounting for over 50% of total revenue, with a reported revenue of 32.33 billion yuan in 2024, up 16.63% year-on-year [8]. - The company aims to achieve an annual revenue target of 10 billion yuan by 2025 as part of its "511" development plan, marking the final year of this strategic initiative [8]. - In Q1 2025, Tongda Co. achieved a revenue of 1.474 billion yuan, representing a 39.35% increase compared to the previous year [7]. Group 3: Strategic Goals and Market Position - Tongda Co. has been recognized as a leading enterprise in the Henan province's wire and cable industry, with products utilized in over 600 national key projects [5]. - The company has set ambitious goals to become a leader in both the cable and aerospace component processing sectors, aiming for a total revenue of 100 billion yuan within five years [8]. - The company has experienced fluctuations in performance since its listing in 2011, but recent trends indicate a stabilization in revenue and profit growth [7].

Core Viewpoint - Tongda Co., Ltd. has been selected as a recommended bidder for the 15th batch of procurement by State Grid Corporation of China for the year 2025, specifically for the second material bidding of the UHV project, with the awarded material being ground wire [1] Summary by Categories Company Information - The total value of the awarded materials is estimated at RMB 176 million, which accounts for approximately 2.83% of the company's projected total revenue for the year 2024 [1] Industry Context - The project is managed by State Grid Jibei Electric Power Co., Ltd., with the bidding conducted by State Grid Corporation of China and the bidding agency being State Grid Materials Co., Ltd. [1]

Core Viewpoint - Tongda Co., Ltd. has been recommended as a candidate for winning a bid from the State Grid for a total value of 207 million yuan, which is expected to positively impact the company's future operations and performance [1][2]. Group 1: Company Overview - Tongda Co., Ltd. was established in 1987 and primarily engages in the production and sales of wires and cables, precision processing of aviation components, and aluminum-based composite materials [1][4]. - The company went public in 2011 and aims to achieve a revenue target of 10 billion yuan for 2025 [4]. Group 2: Recent Achievements - In the first quarter of 2025, the company reported revenue of 1.474 billion yuan, a year-on-year increase of 39.35%, and a net profit of 15.97 million yuan, up 9.86% [4]. - The company has recently secured multiple contracts with the State Grid and Southern Power Grid, including a 139 million yuan bid and a 116 million yuan bid for various projects [3]. Group 3: Financial Performance - For the year 2024, the company achieved revenue of 6.201 billion yuan, a year-on-year increase of 11.26%, but net profit decreased by 69.15% to 25.49 million yuan due to increased R&D expenses and lower gross margins [4][5]. - The cable business remains a significant revenue source, generating 3.233 billion yuan in 2024, a growth of 16.63%, with high-voltage cable products seeing a 24.69% increase [5]. Group 4: R&D Investment - In 2024, the company increased its R&D expenditure to 125 million yuan, a rise of 15.97%, focusing on key technology projects that have begun to enter the industrialization phase [5].